Peak Residence @ Thomson Road

Its plot of land had previously belonged to Peak Court Condomium, a four storey low rise residential development that comprised of 20 apartment units that was built some 30 plus years ago. It was successfully acquired by TSRC Novena, a joint venture between Tuan Sing Holdings and Rich Capital during a collective sale in May 2018. The development’s location and proximity to lifestyle and premium medical facilities such as Thomson Medical Centre, the future Health City Novena and the excellent transport connectivity will be appealing to potential buyers. The plot of land has a total site area of approximately 57,378 square feet or 5330 square metres with a gross plot ratio of 1.4.

The successfully winning for bid was submitted at S$118.88 million. For this partnership, Rich Capital Holdings will take a majority stake of 70% while the remaining 30% stake will be taken up by Tuan Sing Holdings.

The winning bid amount is translated to be around S$1,558 per square foot per plot ratio. With the inclusion of the extra 10 per cent area for balconies, the acquisition price is translated to S$1,342 per square foot per plot ratio.

According to the marketing agency which brokerage this deal, Edmund Tie and Co, the land parcel of the Peak Residence has positive attributes including of being in a highly sought after neighbourhood, close distance to wide array of amenities like education institutions as well as the close proximity to Orchard Road and the downtown financial district.

The purchasing and redevelopment of the land parcel for the Peak Residence will be financed via internal resources and bank borrowings. Upon its completion, the Peak Residence will be an ideal resident for those working classes and also young families who requires relishing in easy accessibility to the facilities and amenities in Singapore’s District 11.

Other developments that are within its vicinity include 26 Newton, 6 Derbyshire, Lincoln Suites, Fyve Derbyshire, 10 Evelyn, Neu @ Newton, Residences @ Evelyn, Lincoln Residences, Newton Suites, Rochelle at Newton, Amaryllis Ville and Miro.

Singapore’s District 11 is one of most luxurious residential enclave in Singapore which will give buyers the extravagance they wanted whether they are home buyers or investor. The Novena and Thomson areas belong to District 11 that is situated near to the renowned District 9 as well as the Orchard Road. This development will be an ideal selection for those looking for a residence that allows them to be close to the downtown financial district.

Other than the advantage of able to enjoy a luxurious lifestyle at the Peak Residences condo, the vicinity has exclusivity and also tranquility. The well connected network of roads together with the numerous bus services available will make this vicinity to rest of the parts of Singapore highly accessible. With ease of being able to access to the amenities in this upscale estate, it will deliver the conveniences that the residents will require for comfort living.

The Thomson and Novena areas are located in the prime precincts of Singapore which are of high popularity with the affluent class in Singapore as well as expatriates. One of the factors that is contributing to the popularity of the Peak Residence’s neighbourhood will be the closeness of here to Singapore’s most celebrated lifestyle and shopping district. For residents living here, every single thing can be easily accessed right from their homes making here one of the most ideal location for any buyer that is looking out for enhanced conveniences.

The excellent connectivity of this area will allow its residents to be able to easily and quickly access to the nearby amenities as well as other parts of the island. There are numerous bus services and arterial roads that are linking to the neighbourhood. The north boundary of the nearby MRT station will be Bassein Road and with the west bound direction running along the Thomson Road. This road will connect to Bukit Timah Road in the South which will link to the nearby expressway.

Open spaces and recreation facilities in this neighbourhood will also plenty of supply which will ensure the residents’ living here will be enjoyable. For residents who are equestrian fans, the nearby Singapore Polo Club will be of beneficial to them. There are also numerous cool venues for relaxing and unwinding that will allow residents to have memorable times for hanging out with their friends or engaging with their family members with various activities.

For example, the MacRitchie Reservoir is approximately 30 minutes away from Peak Residence. This water catchment park is Singapore’s oldest reservoir but yet is one of well-kept and most charming public spaces in this island state. This park offers various activities that are family oriented as well as demanding and challenging trails for trekking. This venue is also a great destination for fishing and also bird watching.

The Novena and Thomson areas offer a potential for anyone who long to be living in a luxurious environment that will have every amenity just within close proximity.  Getting around this vicinity internally and externally is simple. The lifestyle offers here is also amazing with various spaces for relaxation and enjoyment. Although properties in this location are higher in price, it might be worth for every penny paid.

The Novena and Thomson areas are strategically situated which offer good transportation network for traveling to various parts of the island. Commuting of this area is a breeze with the support of the numerous bus services available here. For those driving, they can easily link to the nearby business hubs as well as lifestyle destinations. The Peak Residence is well served by 2 expressways as well as some of the main arterial roads that will link both Novena and Thomson to different parts of the country. Some of these roads include the Newton Road, the Balestier Road, the Whitley Road and the Thomson Road.

The excellent transportation system will allow residents to easily access to the nearby amenities. The connectivity from Peak Residence condo to amenities such as recreation centres, parks, dining outlets, shopping centres and schools will be easy. This location is also ideal for those working in the downtown financial districts with lighter traffic here. In short, this neighbourhood is not just convenient for those owning cars but also those who use only public transport.

There are many preschools, kindergarten, private schools, government schools and also international schools in the vicinity of Peak Residence condo. For future residents with school-going kids, the choices for selecting the education pathways will be unlimited. These education institutions are also renowned for the education quality they provided. Some of these schools also offer bus services to their students for picking up to and dropping off from schools. The nearby excellent transportation network also ensures that connectivity to these schools will be easy.

When coming to select an ideal location for home, one of the criteria for shopaholics will be the need for easy access to the shopping malls. The Novena and Thomson will have much to offer when coming to retail amenities. Future residents of this development will appreciate the unlimited choices and conveniences of the shopping options available in this neighbourhood. The numerous retail options and the excellent transportation network is some of the main factors that is injecting vibrancy to this neighbourhood.

With the wide array of retail and lifestyle destinations available, residents will able to find almost anything they need here.  Residents will be able to find goods such as groceries, clothing, handbags, shoes, accessories and more at these shopping malls. A number of these malls are also hosting entertainment facilities which will enhance a shopper’s experience.

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Right at the doorstep of the development will be the Balestier Shopping Centre. This mall is just a mere 6 minutes’ walk awau. This shopping mall can be accessed easily via the Thomson Road. It offers a range of amenities such as grocery shops, retail stores, F&B outlets, banks and more.

The Velocity @ Novena will be another venue for retail experience in this vicinity. It is approximately 12 minutes’ walk away. This mall is also accessible easily via Thomson Road. This sports themed shopping mall feature a huge variety of sporting goods stores, lifestyle and healthcare stores, small boutiques, F&B outlets as well as a huge gym.

The United Square Shopping Centre is also close to Peak Residence.  It is one cross junction away from Velocity @ Novena and also accessible via Thomson Road. This is the third largest shopping mall in the Novena cluster. This mall is famous for its specialized educational centres.  The mall is children friendly and also houses educational book shops. The mall has learning centres, fashion stores as well as a food court and supermarket which make it ideal for a weekend family outing.

The shopping options are plenty when living in Peak Residence offer great retail therapy to its future residents. The development is also short distances to some other nearby shopping malls which include Square 2, The Paragon, ION Orchard and Zhongshan Mall. With shorts distances to so many shopping destinations, residents will hardly have to travel far to getting the things they need.

Novena and Thomson areas are well served by renowned healthcare and medical facilities. Future residents of the Peak Residence condo will be able to benefit from the numerous offering of general and specialized healthcare services that are close to their homes. The Thomson Medical Centre will be one of the closest hospitals from the development. This hospital was founded in 1979 and has since earned its reputation as a leading Gynecology, Obstetrics and Pediatrics centre. This private hospital with 190 beds has a dedicated team of doctors and nurses to provide their patients with top notch healthcare services. This hospital also operates an outpatient clinic that runs on 24 hours with also other specialists’ clinics.

Another nearby medical amenity will be the 175 years old Tan Tock Seng Hospital which is reputable for its quality medical care services. This hospital also embarks on the most updated technology in order to provide its patients with excellent healthcare services.

The Novena Medical Centre is physically linked to the Tan Tock Seng Hospital via a walkway. This allows both medical centres to share their knowledge as well as expertise in the medical field. The Novena Medical Centre offers friendly and numerous medical services and facilities as well.

Some other nearby medical amenities includes Mt. Alvernia Hospital and Healthway Medical Cente. With the abundance of healthcare amenities that are easily reach, all the medical cares and needs of the residents are well taken care of.  This will mean that the location will be ideal for family living and also for those family members who need special medical attention. With the good transportation system in place, it will also ensure that getting to these medical amenities will be hassle free. For any further details about this development Contact Us or Send Email To Us.

The development is close to main arterial road and expressway such as Thomson Road, Moulmein Road, Balestier Road, the Central Expressway (CTE) as well as the Pan Island Expressway (PIE). For drivers, it will take them approximately 15 minutes’ drive to arrive at the Central Business District (CBD). To get to Asia’s famous shopping street, Orchard Road, it will take them approximately 5 minutes of driving.

Amenities
Future residents can easily access to the shopping, dining and leisure amenities available at the Novena Shopping Cluster which include shopping malls such as Velocity @ Novena Square, Square 2 and United Square Shopping Mall which are just next to the Novena MRT Station. There are many retail options as well as F&B outlets serving various international cuisines at the malls. These malls also host food court, specialised services stores as well as supermarkets. Peak Residence is close to various food centres such as Pek Kio Market and Food Centre, Newton Food Centre and Blk 127 Toa Payoh Lorong 1 Market and Food Centre.

Schools
For parents with school going children, the development is close to Balestier Hill Primary School, CHIJ Primary School (Toa Payoh), Anglo Chinese Primary School, Saint Joseph’s Institution Junior School, Singapore Chinese Girls’ Primary School, Kheng Cheng Primary School, Marymount Convent Primary School, Anglo Chinese Junior School, Farrer Park Primary School, Hong Wen Primary School, Anglo Chinese Secondary School (Barker Road), CHIJ Secondary School (Toa Payoh), Saint Joseph’s Institution, Singapore Chinese Girls’ Secondary School, Raffles Girls’ Secondary School and Catholic Junior College.

Nearby tertiary institutions include EASB East Asia Institute of Management, Lee Kong Chian School of Medicine (Novena Campus) and Curtin University Singapore. The development is also short radius to international schools such as SJI International School, Italian Supplementary School, Chinese International School and Global Indian International School (Balestier Campus).

To summarize,

1. Good Orientation – It is a north-south orientation.
2. Prime – Peak Residence is located in the prestige district 11.
3. Locality – It is just walking distance to MRT Station.
4. Accessible – It is minutes to the CBD and Orchard.
5. Good Schools – It is surrounded by some of the most renowned schools in Singapore.