H2O Residences Condominium :: Project Facts

Project Name: H2O Residences
Developer: Impac Holdings Pte Ltd (subsidiary of CDL – City Developments Ltd)
Architect: DP Architects

Location: Sengkang West Avenue | Fernvale Link (District 28)
Site Area: Approximately 16,998.8 sq m (182,975 sq ft)
Tenure: 99 years leasehold

Expected TOP | Vacant Possession: 31 December 2015
Expected Legal Completion: 31 December 2018
Payment Scheme: Normal Progressive Payment (eg. 5% cash + 15% CPF + 80% bank loan)

Status: Condominium (no restriction on foreign ownership)
Site Layout: 5 residential blocks
Building Height: 19 to 23 storeys

No. of Units: 521 residential units + 1 retail unit (approx. 323 sq ft)
Carpark: Basement Car Park
Facilities: Full condo facilities including pools, tennis court, clubhouse

Developer’s Track Record:
The Glyndebourne, One Shenton, NV Residences, W Residences, 368 Thomson, Cube 8, Shelford Suites, Cliveden at Grange

H2O Residences Condo Sale

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If you are looking for new condominium launches with water or sea views, you might want to look at the upcoming Amber Sea condominium development. This project will be built on the site of the former Parkway Mansion at Amber Road in the East Coast area of Singapore.

The Amber Sea condo will be a freehold project, unlike H2O Residences, and will be in District 15 as opposed to District 19. Hence it will be a higher end product, catering to a more luxury segment of the market, whereas H2O was targeted more at the mass market.

In terms of pricing, it is hardly surprising that Amber Sea will be set at more than twice the price on a per square foot basis. We are likely looking at around the $2,500 PSF average price point here, with the south-facing sea view units possibly hitting up to $2,700 PSF.

H2O Residences sold at around $900 PSF then, but that was several years ago. Hence the buyers there would be sitting on paper gains of up to $300 to $350 PSF, considering that new launches around that location are now selling at around $1,250 PSF. Which is still only less than half the expected pricing for the Amber Sea condo.

If you are interested to view the showflat, just register at the site itself, and we will keep you posted on when the floor plans and showflat opening dates will be.

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