DEVELOPER: Wing Tai Asia

PROJECT DESCRIPTION: Total 373 uits comprising 2,3 & 4 bedroom types. 2 special 5 bedroom duples units and 3 super phnthouses.
2 level of basement carparking serving 1:1 ratio.
3 common lifts serving 4 units per floor. Private lift lobby to Type D & P.

ADDRESS: 1 & 3 Alexandra View

TENURE: 99 leasehold (commescing form 26 March 2008)

SITE AREA: Approx : 92,000 sqft

EXPECTED DATE OF TOP: 4th quarter of 2012

EXPECTED DATE OF VACANT POSSESSION: 28 February 2014

DATE OF LEGAL COMPLETION: 28 February 2017


PROJECT HIGHLIGHT:

CENTRAL LOCATION ADVANTAGE

* One of the most desireable city area locations, facing Tanglin GCB yet positioned to live cinveniently near an existing MRT station

* Ease of accessibility to:
- Orchard Road (within 5mins drive via Tanglin Rd)
- CBD/ downtown Marina Bay (3 to 4 stations away via MRT / within 8 mins drvie via
Havelock road)
- One-North research and commercial hub (3 stations away via MRT/ within 5 mins drive Commonwealth Ave)
- Major expressways AYE & CTE

* Live closer to the city yet enjoy the convenience of local amenities in an established estate such as food centres, Ikea, Anchorpoint etc

* Families with youth & children will appreciate the short travelling distance to premier education facilities from kindergarten to tertiary institutions, international schools and future university town

* surrounded by parks, gardens, sea and unique green leisure destinations:
- Popular Botanic Garden
- Park connector Alexandra Canal Linear Park will provide easier access to the city for pedestrains
- Southern waterfront area with Vivocity, Habourfront and Sentosa island including the upcoming Resorts World Integrated Resort
- Hill parks such as the newly completed Southern Ridges, a 9 km trail including Hortpark, Mt Faber Hill & Telok Blangah Hill

SUPER HIGH RISE GARDENS, PANORAMIC VIEWS

* A signature penthouse entertainment suite (at 45th storey) that showcase the top-of-the-world panoramic for EVERY residents to enjoy

* Multiple sky gardens at other intermediate levels offer many view vistas for a "home beyond a home" concept

* facing North
Panoramic views of verdant greenery (Bt Timah Hill, Tanglin GCB) & Orchard Road skyline (Tanglin Mall, Takashimaya, Mandarin Hotel)

* facing South
Panoramic views of CBD skyline (Raffles Place, Singapore Flyer, Millenia Tower) & Southern waterscape (Sentosa, Habourfront)

SUPER HIGH RISE ARCHITECTURE

* The building is oriented to an almost direct North-South facing and takes inspiration from surrounding nature and scenic views

* The architecture design is befitting a new generation development - An ultra-modern 45-storey super high rise development with 2 towers visually linked as 1 and with 2 level of basement car parking

* The building is set on a higher elevation land from Alexandra Rd (approx. 5m) and has a high-volume lobby with units starting from 3rd storey

* Rhythmic dwelling units and sky high gardens create a commanding pressence that will made this development an outstanding landmark

* 1st level "E" Deck:
1. Level 1, Grands Arrival Plaza - with drop off and waiting pavillion water feature and security guard house
2. Level 1, Rejuvenate E-deck - 50 m lap pool with water fall, water decks, jacuzzi ,sun deck, kids' pool, playground, bbq station, tennis court
3. Level 1, Pavillion Promenade - floating pavillion and manicured terraced lawn

* Multiple sky gardens with themed facilities:
4. Level 3, Stardust Gourmet Club - alfresco dinning for 12 with servery counter and lounging area.
5. Level 7, Comos Snooker Loft and Games Loft
6. Level 12, Rainbow Play Zone sands play for kids and parents gathering place
7. Level 17, Astro Interactive Loft and Leisure Loft interactiv e games and conversation lounge
8. Level 22, Supernova Fitness Suite - indoor gym, outdoor multi-purpose fitness decks, viewing deck, jacuzzi, with changing room and steam and suana bath
9. Level 26, i-Quiz and i-Quest Loft - reading and study zones
10. Level 31, Vanda Tea Garden - tea appreciation veranda with orchid garden setting
11. Level 36, Starlight reflection and relexation Loft - Hammock chill-out spot
12. Level 41, Zen Fitness Garden - yoga, pilates, tai-chi deck etc
13. Level 45, Cloud9 Banquet Penthouse Suite - multi-purpose party/function room with alfresco spill out deck and servery counter

SHOULD I BUY ASCENTIA SKY - A 99 YRS LEASEHOLD PROPERTY ?

Q: I think 99yrs Property will depreciate over time.

A: The value of property is more dependent on DEMAND and SUPPLY. When the sentiments and confidence of buyers grew, the property price will go up. Moreover, previously CPF regulation states that for a 99yrs property that has less than 60yrs lease, CPF will not disperse money to buy that property, resulting in Banks not able to grant loan up to 80% to finance, however, that particular rule had changed to less than 30yrs lease resulting in Banks willingness to grant higher loans. In other words, this new rule resulted in more confidence among buyers of 99yrs property.
When confidence of buyers is high, they would be willing to pay higher price for 99yrs property.


Q: Isn't it freehold better than 99 yrs?

A: If you buy property for Investment, then obviously you are hoping to get good rental returns for it. Assuming you are buying same locality, FH Condo, the price difference will be possibly about 20% or higher. However to a Tenant, he don’t bother whether it is FH or Leasehold. He will pay rental based on prevailing asking rents. So for same locality Condo, in fact the rental yield for a 99yrs property will definitely be better than a FH property.


Q: Should I buy a TOP property, instead of new launched property to get instant returns in rental?

A: Rentals are not getting the lucrative returns at the moment. So getting a property that offers a higher and better quality finishes and waiting for the property to TOP might be a better idea, as rentals now may not be ideal, and when it is due to TOP in 3 to 3-1/2 yrs later, you may find that units are easier to rent out because more Expatriates are coming to Singapore to work, since our 2 new Integrated Resorts are ready by then. Chances is that they will be looking at outskirts of city and unit that is very near to MRT, as it is more convenient to go to work.


Q: Should I wait for prices to come down before I commit, or should I just buy at current prices?

A: There is never a right time to buy anything at all. Buying a property involved emotional feelings. If you are comfortable about this property, if you like the location, the interior layout & finishes, the stunning view, the unique recreational facilities, the building architecture or what you see, you should just follow your instincts. Moreover, property has seen a long period of price hibernation. Thus seeing from recent activities (more Developer launches), we should feel more confident in seeing the pricing of apartments going up steadily.


North Facing (Orchard)
North Facing Units Chart
South Facing (Sentosa)
South Facing Units Chart
Skygarden Facilities Plan
Site Plan
Satellite View
Location Map
Release Units

FLOOR PLAN
Type B1/B1-1/B1-4/B1-5
Type B1-2/B1-3/B1-6
Type B2/B2-1/B2-4/B2-5/B2-9
Type B2-2/B2-3/B2-6/B2-7/B2-8
Type C1 & C1-2
Type C1-1/C1-3/C1-4
Type D1-1 / D1-3
Type D1 & D1-2
Type D1-4 & D1-5
Type PH1
Type PH2
Type PH3

Labels: District 03