Sloane Residences, an upcoming freehold residential development situated over Balmoral Road is a new modern luxury apartment comprising 52 units over a 38,943 sq ft of land area. It comprises two interconnecting towers – with a three-storey block of ‘groundscraper’ consisting of two-bedroom units and a 12-storey block with 3 to 4 bedroom units.

The project features a wide range of facilities and an award-winning landscape and architectural design. Within each unit, premium fittings are installed incorporating leading brands like V Zug Kitchen Appliances, Valcucine Kitchen Cabinets and Grohe Sanitary Fittings.

In terms of location, the residence is in the vicinity of world-class attractions – Marina Bay Sands and the Orchard Road shopping belt. Nearby the project, MRT stations like the Stevens and Newton MRTs are a 10-minute walk away. For private vehicles, the expressways are easily accessible with major roads like Bukit Timah Road, Stevens Road, Orchard Road, Central Expressway and Pan Island Expressway nearby.

Project Details

Facilities

Lifestyle at Sloane is both exclusive and premium with plenty to do for vibrant social interactions. At the skyscraper block, there is a relaxing walkway paved with tree-covered cabanas and an open lawn area, perfect for that quaint stroll.

On the facilities floor, there is also the BBQ area, cascade walk, children play area, indoor gym, picnic lawn, rest pavilion and a steam bath. These merges the needs of a family together and allows for quality family time. At the picnic lawn, the space is open for use as a dog run as well. This makes the facilities floor perfect for any families not wanting to leave their furry pets behind while they enjoy.

Looking at the plan at the sky terrace of the ground scraper block, it is equipped with a plethora of facilities – an infinity lap pool attached to a Jacuzzi, a wet pool deck and a children’s pool by a shaded communal dining pavilion.

Here, the design of the facilities makes it inclusive and interactive for families and friends. The children’s pool by the dining pavilion would turn any outing or luncheon into a fun one for both old and young ones. While families and friends enjoy a meal and interact, the younger ones can play by the pool.

Along with a hammock grove, pool garden and rain dance, residents can find a calm and relaxing space for them to unwind at the end of the day.

Accessibility and Convenience

Sloane Residences is located in the Core Central Region (CCR) of Singapore, the most desirable location among residences – home among some of the most lucrative properties and estates.

Its development is in close proximities with world-class attractions and an array of shopping centres, such as United Square and Velocity at Novena Square. For outdoor attractions, there are natural attractions sites like the Singapore Botanical Gardens.

Within proximity to the residences is the cluster of renowned schools of all education levels – the Camberley Preschool, Anglo-Chinese School and the Singapore Chinese Girls’ School. And the institutions are well connected to the residences. With bus stops conveniently around the school district, students can travel conveniently and safely to schools.

For accessibility, MRT stations are nearby at a 10-minute walk away like the Stevens MRT and Newton MRT. This gives residents access to the Downtown Line and North-South Line. In the vicinity is the Balmoral Plaza bus stop and City Towers bus stop, both accessible on foot. Otherwise, residents with private vehicles can easily access the Bukit Timah Road, Stevens Road, Central Expressway and Pan Island Expressway to get further from the district.

Nearby Amenities

The plan shows the Downtown Line which runs Bukit Panjang through Bukit Timah to the City, and then Eastwards through Jalan Besar and Ubi to Expo, where the interchange is for the East West Line to Changi Airport.

Here, there is a planned extension to add two stations, Xilin and Sungei Bedok after Expo. It is slated for completion by 2024. Hume station between Beauty World and Hillview stations is another one targeted to open in 2025.

With better access and walkable distance to the MRT stations, statistics show a likelihood of properties within these areas to have better capital appreciation.

Site Plan and Unit Layout

Looking at the site plan, there are a total of 8 stacks.

Views Facing Northeast

The site plan shows some of the stacks facing northeast. From the Northeast direction, it’s facing Novena city and different types of residences, shopping centres, and schools.

– Perfect Ten
– Anglo Chinese School ( Primary )
– Balmoral Plaza
– St James’ Church Kindergarten
– Goodwood Residence

Views Facing Southwest

For stacks facing southwest, the area here is full of residences and office towers within 100 – 200 meters.

– Nouvel 18
– Shangri-La Singapore
– Pinetree Condo
– The Balmoral

Views Facing Southeast

There are two stacks facing southeast – stack 7 and stack 8. The direction that both stacks face is where Merlion and Marina Bay are located. But in this case, Sloane Residence will not be able to get a skyscraper view as the building is a lower storey building compared to its surrounding in the area.

They also do face towards:

– Anglo Chinese Junior School
– NEA Main Office
– Goodwood Hill
– Goodwood Park

Sloane Residences’ View

Overall, the view from Sloane Residences is slightly disadvantaged compared to other projects as both directions – the northeast and southwest are full of high storey buildings.

The is because Sloane Residences is a 12-storey building but surrounding building stand above 12 storeys tall, which may limit the view from Sloane Residences.

As shown in the picture, there is an allocation of 52 units in total and 46.15% of units are ALREADY SOLD. Comparatively, the chart above shows the allocation of each unit in details:

2 Bedroom unit : Stack 1 , 2 , 3 , 4

3 Bedroom unit : Stack 5 , 6 , 7

4 Bedroom unit : Stack 8

*Do take note that 4 bedroom unit are fully sold in this project

Appliances

Floor Plan

2-Bedroom Unit

The picture above shows the 2-bedroom units – Type B (743 sqft), Type B1 (743 sqft), and Type B1a (743 sqft). Entry prices are different for each 2-bedroom unit:

All 2 bedroom units face northeast, making Sloane Residence’s 2 bedroom unit highly recommend for buyers who are not keen on views. Views toward the northeast overlooks Novena city and a range of residence, shopping centre, and schools – Perfect Ten, Anglo Chinese School (Primary), Balmoral Plaza, St James’ Church Kindergarten, Goodwood Residence.

All the 2 bedroom units are the same as they are of the same unit size and layout design. As the dining area is well connected between L shape kitchen and the living room, this type is more suitable for families.

The merging of the dining space and living space allows families to enjoy leisure and entertainment time together whilst having their meals. Otherwise the dining area can be set up as a meeting space, with the use of the living room’s television as a projector for document sharing and screening.

Other than that, they have 2 bathrooms and an additional store room. Master bedroom is located together with master bedroom whereas bathroom 2 is right outside bedroom 2 – opposite the store room.

For prices, increment for every floor would be from $ 4,000 – $ 6,000 and the overall price difference for 2 bedroom + study units could hit $ 240,000 when comparing the lowest and highest floor unit.

Type B is highly recommended for buyers and investors as the design for 2 bedroom units are the same including the view. Thus, it is recommended to spend less to get the same unit.

3-Bedroom Unit

The picture above shows all 3-bedroom units – Type C (1292 sqft), Type C1 (1249 sqft), and Type C2 (1249 sqft). Entry prices are different for each 3-bedroom unit:

Stack 7 faces southeast towards Anglo Chinese Junior School, NEA Main Office, Goodwood Hill, and Goodwood Park.

Stack 6 faces northeast, and the view towards northeast is Novena city with residence, shopping centre, and schools like the Perfect Ten, Anglo Chinese School ( Primary ), Balmoral Plaza, St James’ Church Kindergarten, Goodwood Residence. Stack 5 faces southwest where it is full of residences and office towers such as Nouvel 18, Shangri-La Singapore, Pinetree Condo, and The Balmoral.

The 3 bedroom units are all equipped with private lifts. All the designs for 3 bedroom units are similar as they have a dumbbell layout where rooms are at either side of the house.

In terms of the kitchen, all 3 bedroom units have an open U shape dry kitchen and an enclosed one sided galley kitchen. In the wet kitchen, there is an additional water closet and utility room. The utility room can be easily used as a storage room by adding a few cabinets.

All Types C1 (C1a & C1b ) and C2 ( C2a & C2b ) are similar. The unit size, kitchen, bedroom and bathrooms are the same.

From the layout above, Type C’s walk way and liveable space is bigger. Whereas for Types C1 and C2, the dining and living areas are combined.

Secondly, Type C has a bigger master bedroom and balcony compared to Type C1 and C2. Alternatively, the bathroom 2 at Type C1 and C2 is bigger.

For prices, increment for each floor would be from $ 24,000 – $ 38,000 and the overall price difference for 2 bedroom classic units could hit $ 468,000 when comparing the lowest and highest floor unit.

Future Direction for Buyers & Investors

Property Developement

There are many plans to develop larger lands in the Bukit Timah region with a big reserve site – Goodwood Hill. Presently, there are only few landed properties in that area which means that there is potential to develop its surrounding vacant land to fully utilise that piece of land. In this, a potential redevelopment in the future may be possible.

Location

Sloane Residence will appeal to individuals looking for a vibrant and dynamic living environment, as it is close to various nature parks and has a large selection of restaurants, cafes, retail centre, and leisure opportunities.

Close to Sloane Residences is Orchard Road, the luxury retail epicenter of Singapore which consistently attracts global corporations and foreign investors due to Singapore’s rapidly growing economy and land scarcity. This amplifies the demand of properties in the vicinity, steadily pushing their price over the years

When it comes to investment, there shouldn’t be any concerns as the project is close to many major employment nodes in the city.

Land Tenure

Sloane Residence’s freehold status will make it an attractive investment in land-scarce Singapore. At the same time, it helps negate fears of lease decay. As known, the Singapore government will only sell land with leases up to 99-years while some developers who bought freehold land via collective sales are only selling their properties with 99-year leases. In other words, the properties will revert to them once the leases expire. Hence, freehold land will become increasingly rare and this is therefore a good opportunity to snare a freehold property in a prime district.

About The Developer

Sloane Residences is being developed by TSKY Balmoral is a joint venture by two Singaporean firms – Tiong Seng Holdings and Ocean Sky International through its subsidiary Arctic Sky Investment. Tiong Seng Holdings has a 60% stake in the development while Arctic Sky holds a 40% share.

Tiong Seng Group

The group was established in Singapore in 1959. It started out as a construction company and later expanded into civil engineering – contributing to the nation’s infrastructural development building roads and bridges as well as highways like Pan Island Expressway and Central Expressway.

The group grew to take on larger projects like schools, HDB flats and condominiums, commercial buildings and hotels.

It started progressing into real estate development in 1985 with ventures in Xiamen in China and later grew its operations where it now has projects in Tianjin, Suzhou and Yangzhou.

It was listed on the Singapore Stock Exchange on April 16, 2010 and is now a niche player in commercial and residential project development in China. 

Notable Projects

Ocean Sky International Limited

Ocean Sky is an investment holding company with interests in construction and civil engineering, real estate investment, development and management. It is involved in civil engineering and construction businesses through its owned subsidiary Ang Tong Seng Brothers Enterprises Pte Ltd.

In its real estate businesses, it has development projects in both Singapore and Cambodia. Some of its notable projects are:

Conclusion

These are but a few of the reasons why you should consider buying a new launch condo as opposed to a resale property. If you are planning to buy an investment property but not sure as to what is the best option, do feel free to contact us for a non-obligatory discussion.

And alas, if you find yourself stuck in a rut even after weighing all possible options, you may need a professional’s opinion. In this case, schedule a visit with us or book a free consultation with our trusted and renowned representative.

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