In the centre of Tanjong Katong, experience the pinnacle of modern living. Emerald Of Katong ushers in a new age of refinement by skillfully fusing traditional charm with modern flair. This futuristic development, which occupies 775,034 square feet, features six majestic towers that are 18, 19, or 21 stories tall. Take in the verdant surroundings, where abundant amenities create a peaceful, tranquil haven.
Emerald of Katong at Jalan Tembusu, New Launch Condo - Singapore
Emerald of Katong Review
- 846 residential units featuring 6 blocks of 18/19/21 storey across 221,436 sf of land
- Within 1km distance to Tanjong Katong Primary & Haig Girls' School
- Near to renowned schools like Kong Hwa School, Tao Nan School, Chung Cheng High and Tanjong Katong Girls' School
- Short walk to 2 MRT stations - Tanjong Katong (TEL) & Dakota (CCL) MRT
- Nestled in a heritage enclave with famous foodie hotspots at Tanjong Katong road
- Excellent connectivity on the road via ECP, PIE & KPE.
- Proudly developed by Sim Lian Group
Emerald of Katong Prices
The Sim Lian Group secured the opportunity with an exceptional bid at the tender closing on July 18 2023, winning the very competitive bidding procedure for the private home site at Jalan Tembusu. A combination bid of $828 million ($1,068 psf ppr) from well-known developers City Developments Ltd (CDL) and Frasers Property was just defeated by Sim Lian's aggressive $828.8 million bid, or $1,069 per square foot per plot ratio (psf ppr).
This 99-year leasehold Jalan Tembusu site, which measures 221,436 square feet and has a gross plot ratio of 3.5, is located in the exclusive District 15, right off Tanjong Katong Road. The property has the capacity to accommodate about 840 residential units, with a maximum gross floor area (GFA) of 775,034 square feet.
Located across from this prime location is the soon-to-be Tembusu Grand development, a collaborative effort between CDL and MCL Land. They acquired the land in January 2022 for $768 million, or $1,302 per square foot per parcel, after receiving eight offers during the tender phase.
[Source: URA] "The government land sales (GLS) tender reflects the judicious approach adopted by developers amidst economic uncertainties, escalating construction costs, and interest rate fluctuations," states Lee Sze Teck of Huttons Asia. Lee speculates that the high amount and current interest rates would have discouraged bidders from participating.
Sim Lian's decisive bid of $1,069 psf ppr for soon to be Emerald of Katong signifies a 17.9% reduction compared to CDL and MCL Land's $1,302 psf ppr for the Tembusu Grand site, and a 20.8% decrease compared to SingHaiyi Group's $1,350 psf ppr for Grand Dunman site, secured in a land tender in June 2022.
"The variance in bid prices could be attributed to recent policy adjustments concerning floor area harmonisation, implemented from June 1, 2023. It may potentially resulting in reduced efficiencies," says Justin Quek of OrangeTee.
The Location
A tranquil, serene and exclusive neighbourhood, surrounded by condominiums, landed enclaves and shophouses. Within 1 km of Haig Girls' School and Tanjong Katong Primary School.
The Developers
Sim Lian Group Limited, established in 1976, is a distinguished property development company in Singapore, renowned for its quality projects and innovative designs. With a diverse portfolio spanning residential, commercial, and industrial sectors, Sim Lian has significantly contributed to shaping the nation's urban landscape.
Sim Lian stands out as a preferred choice for homeowners and investors, committed to delivering well-designed, sustainable developments that align with Singapore's vision for a greener built environment. The company actively engages in corporate social responsibility, reflecting its dedication to creating a positive impact beyond real estate.
Sim Lian's diverse portfolio, including residential and commercial projects, meets the highest standards of quality, functionality, and aesthetic appeal. The company focuses on creating spaces that foster community and well-being, incorporating communal amenities, green spaces, and recreational facilities.
With an unwavering commitment to excellence, sustainability, and community engagement, Sim Lian Group Limited has earned a trusted and respected position in Singapore's real estate industry. As it looks to the future, Sim Lian's dedication promises a continued legacy of excellence and innovation in real estate development.
Disclaimer: "Information is accurate as of time of publishing and prices are indicative / while stocks last basis". This infomation on this marketing material is intended for general information purpose only. While reasonable care has been taken to ensure that the information contained herein is not untrue or misleading at time of dissemination. The sender makes no representation as to its accuracy or completeness. This information contained herein is subject to change without notice.