As the property market enters its most critical phase since the cooling measures were introduced on 16th December 2021, a few new launches have emerged in District 15. This is especially true for the EC segment as several new EC projects are expected to be launched over the next few months.
In addition, a couple of sites were recently sold via the GLS programme and en bloc sales. As such, it’s a great time to take stock of the existing supply in District 15 before you decide on your next move.
Among the first new ECs to be launched in 2022 is tembusu grand, a high-end project by City Developments Limited (CDL). Located at Jalan Tembusu, this high-rise project will offer about 640 units. According to CDL CEO Sherman Kwek, the site will allow the developer to expand its footprint in the locality after successfully developing Amber Park and other projects in the vicinity.
The development will be a mix of residential and commercial units. The ground floor of the commercial component will host F&B outlets, while the top floors will be reserved for the residential units. Moreover, the building will feature an early childhood development center/infant care (ECDC/EIC) which can accommodate up to 100 toddlers.
As for the location, it’s well-connected to the rest of the city through public transportation and expressways. The nearest MRT station is Farrer Park, while the Kranji Expressway and Pan Island Expressway are just a short drive away. The Jurong Region Line will also be within reach once it’s completed.
Alternatively, residents can opt for the many bus services that are readily available nearby. Those who prefer to drive will appreciate that the development is easily accessible from major roads and expressways such as Race Course Road, Bukit Timah Road, and the Central Expressway.
This upcoming EC project is a rare opportunity to invest in a highly sought-after location, while enjoying the benefits of a modern and well-designed home. Register your interest with us now to be kept updated as the launch date approaches.
Tembusu Partners is a private equity firm that makes investments in promising early and growth-stage companies in the Asia Pacific, providing mezzanine and equity financing as well as operational expertise. The firm is based in Singapore and invests on behalf of a group of leading business families.
The group has a portfolio that spans Asia and the Middle East, and is managed by the founders of a leading Singapore-based family office. Its current investment portfolio is valued at approximately S$1.4 billion. Its primary geographical markets are in emerging economies such as China, India, and Malaysia. The firm focuses on high-growth, innovative companies that have the potential to create value for both investees and shareholders through strong cash flow generation and profitable growth. Its investors include family offices, private trusts and high-net-worth individuals.