SP Setia set to unveil Daintree Residence in S’pore

SINGAPORE: SP Setia is expected to launch Daintree Residence, its newest residential project on the island republic, today.

The developer is optimistic that the project in Bukit Timah, after 18 Woodsville and Eco Sanctuary, will be “well received” due to the “excellent location”.

The Bukit Timah region was well known for the numerous prestigious schools, making it a much sought-after location by house owners, said SP Setia International (S) Pte Ltd general manager Neo Keng Hoe.

“There certainly is no better location to raise a family with established academic institutions, such as Bukit Timah Primary School, Pei Hwa Presbyterian, Nanyang Girls’ School, Hwa Chong and National Junior College and Methodist Girls’ School, all situated within the same catchment area,” he added.

Connectivity is also a plus point for Daintree Residence as it is a short walk to Beauty World — one of the 34 Downtown MRT Line stations — that connects to the city centre as well as Changi Airport.

“With the 41.9km Downtown MRT Line linking the northwest to the east, residents will be able to get to any part of the island easily,” said Neo.

He said Daintree Residence had excellent connectivity with its close proximity to major arterial roads and expressways, such as Bukit Timah Road, the Pan-Island Expressway and Bukit Timah Expressway.

Together with the Bukit Timah Nature Reserve and many parks nearby, Daintree Residence is indeed “on the lush side of life”.

Sitting on a huge land area of 201,510 sq ft located in Toh Tuck Road, Daintree Residence is a five-storey development with 327 well-appointed apartments.

He said it also offered an opportunity for good capital appreciation.

For instance, Neo said, the collective sale of Mayfair Garden, located one MRT station away near King Albert Park station, stood at S$1,244 (RM3,707.12) per sq ft of gross floor area (GFA), 32 per cent higher than that of Daintree Residence.

Similarly, the government land sales site at Fourth Avenue, located two stations away, was sold at S$1,540 psf based on the GFA, a whopping 64 per cent higher than that of Daintree Residence.

Hence, Neo said Daintree Residence was an excellent value-formoney investment with a good capital appreciation opportunity.

With more than four decades of experience, SP Setia has established itself as an award-winning developer with presence in six countries, namely Malaysia, Vietnam, Australia, China, the United Kingdom and here.

With the 41.9km Downtown MRT Line linking the northwest to the east, residents will be able to get to any part of the island easily. NEO KENG HOE SP Setia International (S) Pte Ltd general manager