Centennia Suites ready for launch
As posted in www.h88.com.sg by John
Centennia Suites, a freehold District 9 condominium along Kim Seng Road, is expected to preview later this week. Developed by Lippo Group, the 36-storey tower has 97 units made up of 2BR, 3BR, 4BR apartments and two penthouses. Read on for price and floorplans.
Built over the old Kim Seng Plaza, it was bought by the developers in late-2006 for $132m and works out to $737 psf ppr, including an estimated $6m development charge.
It is zoned for Commercial/Residential use but looking at the initial layout from the brochure, no shop space seems to be planned. The site is 60,400 sqft with a 3.1 plot ratio, giving it a maximum floor area of 187,200 sqft.
Bucking the recent trend of launch-first-build-later, the developers have already begun construction on the site even before any units were launched (check the URA website if you don't believe me). Why? We wonder too.
2BR (1,238 sqft)
3BR (1,755 - 1,819 sqft)
4BR (2,217 - 2,303 sqft)
PH (3,300 sqft and 4,400 sqft)
According to Business Times, Centennia Suites is rumoured to be around $2,000 psf or higher.
By comparison, caveats lodged for nearby developments:
- Mirage Tower (FH) - avg of $1,285 psf in Nov 2009
- The Trillium (FH, u/c) - avg $1,692 psf for Nov-Dec 2009
- Tribeca (FH, TOP 2009) - avg $1,583 psf for Nov-Dec 2009
- The Cosmopolitan (FH, TOP 2009) - avg $1,853 psf for Nov 2009 -Jan 2010
Image: Google Maps. Note: Overlay is approximate.
The apartments are arranged into three columns, one for each unit type.
Units begin on the 4th storey onwards
Type A - 2BR
Type B - 3BR
Type C - 4BR
via Business Times - "Developers brimming with new launches" and Asiabuilders.com - "Lippo pays $132m for Kim Seng Plaza"