Stirling Residence

By Nanshan & Logan

Updated: 5 April 2018

Project Details

Stirling Road Condo has received a top bid of more than S$1 billion. This top bid comes from a joint effort between Hong Kong's Logan Property and Chinese developer, Nanshan Group.

Stirling Residence is located in Stirling Road. When this residential site was up for tender May last year, it attracted 13 bids. The site has a land area of 21,190 sq m, translating into a maximum permissible gross floor area of 954,327 sq ft. expected to yield an estimated 1,110 units.

The price works out to about $1,050 per sq ft per plot ratio for the 99-year leasehold plot. This was slightly above analysts' expectations of between S$780 and S$1,000 psf, suggesting developers' optimism about the property market. The expected the break even price for the site to come in at about S$1,600 and S$1,700 psf ppr.

Neighbourhood

While the bid may seem bullish, the price is actually reasonable, due to the location of the land parcel, moreover, most of the other projects would have sold their units by the time this new project is launched. The expected key collection will be in year 2022.

Seeking Indication of Interest Now.

Stirling Residence will attract the strong demand from HDB upgraders staying in the area, especially those younger generations who have been growing up there. Stirling Residence appeals to homebuyers who appreciate the convenience of a central location and the comprehensive amenities of a mature estate, which is being revitalised by the quality and contemporary residences that Garden Residences shall create for families to grow in a well-loved neighbourhood.