Sanctuary @ Newton

]The land parcel of Sanctuary @ Newton was previously occupied by Surrey Point, a 10 storeys high building comprised of 9 apartment units that was built in 1980. It was first put up for enbloc sale in January 2021. The reserved price set by the owners was at $55 million. There was no taker when the when the sale tender was close in February 2021. It then went into sale via private treaty. After rounds of negotiation, the owners had finally agreed to sell with the price tag of $47.8 million. The deal was sealed in March 2021.

The land area of the land parcel is approximately 11,977 square feet with a gross plot ratio of 2.8. There is also a bonus of additional 7 per cent balconies gross floor area.  This works out tor maximum of 35,882 square feet for the gross floor area permissible. With inclusive of a low development charge of approximately $300,000, the acquisition price is translated into $1,434 per square foot per plot ratio.  There is a potential to for the land plot to build up to 36 apartment units with size averaging around 914 square feet.

The buyer for Surrey Point is ASK Development, an entity that was incorporated as a result of a joint venture between 3 parties i.e. Kay Lim Realty, Santarli Capital Venutre and Creative Investments. The biggest shareholder is Creative Investments which is a subsidiary that is wholly-owned by Amara Holdings. Amara Holdings is an hotelier and real estate developer that is listed on the mainboard. Creative Investments holds 40% share of the ASK Development while the rest of the 2 partners each hold 30% of the share.    

The Newton estate is an appealing residential district that is close distance to the city core with good dining and education facilities in its vicinity. Though property prices here are relatively high, they still posed high demand. One of the reasons will be its close proximity to Orchard but yet the tranquil environment making it a comfortable setting for living which makes it one of the most highly coveted neighbourhoods to the potential home buyers and investors.

Locality is one of the top factors when it comes to buying a property and one of the main draw of Newton is its very close to the city centre. This area is also well-served by 2 MRT llines. Newton is close to the prime Bukit Timah area which is home to many landed housings. This area does not house any public housing estate but a plethora of private residences which gives it the exclusivity.

Newton is also strategically positioned as it is very close to several international schools and easy access to numerous entertainment facilities, dining amenities as well as shopping malls. Newton also houses some of the top leading educational institutions  Singapore which makes highly sought after for those who have school going children or planning to start their families here.

Newton is also very close to the upcoming Novena Heath City. The plan was launched officially in 2013 to expand the current Novena Healthcare cluster into Singapore’s biggest complex for healthcare by 2030. This will cater for the future needs for healthcare of the Singapore population while it integrates with the community.  The total 17 hectares modern complex will be integrating the volunteer and public healthcare facilities, medical school as well as current public hospital and medical centre all together. This cluster will be the collaborations of living, leaning, education and healthcare all in one. It will comprise of 15 integrated complexes and has 8 hectares dedicated for heritage, fitness and greenery for the community.  Till then the population healthcare professional and those who are studying medicine will increase which will add more demand to the already “just enough” rental supply here.

About the developer

Amara is a local group that is into integrated lifestyle. Its primary 3 business operations include real estate development and investment, food services and specialty restaurants as well as hotel management and investment. The group is reputed for its innovative offerings for hospitality.

Its real estate development and investment arm has operations in the retail, commercial and residential segments. The group balances its investments in the office and retail asset class with residential projects. Amara manages and owns an building with 12 storeys of office with a retail podium below and rent it out to both professional and retail tenants.

Amara also has been actively acquiring lands and develop residential projects. Some of these projects include M5 at River Valley, 10 Evelyn which is along near door Evelyn Road, Upper Bukit Timah’s The Linear and more.

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The MRT North South Line is of high capacity and is the first MRT line to be constructed for Singapore’s subway network. The length of this service line is approximately 45 kilometres long and it serves 27 MRT stations. This MRT service line covers the Central Area, passing through some of the island most established residential estates and up to the North region of the island before it move westwards to terminate at Jurong East. This MRT Service starts to run from the Marina Pier MRT Station and move to the Raffles Place MRT Interchange Station and the City Hall MRT Interchange Station. Both these interchange stations care cross platforms to the MRT East West Line. The line then runs to the Orchard area and then to Newton and Novena. After the Central Area, it continues to head North ward to the established residential estates of Toa Payoh, Bishan and Ang Mo Kio. This service line then move towards northern residential estate of Yishun and Sembawang before it turn west ward to Woodlands and Kranji. It then curves in the south direction to Choa Chu Kang, Bukit Gombak and Bukit Batok before it ends at Jurong East.

The MRT Downtown Line is of mid-capacity. It is the fifth MRT service line of the MRT network. It is approximately 41.9 kilometres long and serves 34 MRT Stations currently. It currently runs from the Expo MRT Interchange Station that is in the eastern region to the Bukit Panjang MRT Station located in the North-West region through the Central Area. This MRT line generally runs in from the east to the west. This MRT line starts at the Changi Business Park then move northwards to the Tampines Regional Hub before it continues to parallel Ubi Avenue 1 and Ubi Avenue 2 to the Kaki Bukit and Kampong Ubi industrial estates the line then continues in the westwards direction generally to the Gelyang Bahru area. The MRT Line intersects between Jalan Besar MRT Station and Bencoolen MRT Station and goes southwest direction to Chinatown MRT Station which interchanges with the MRT North East Line.

The line then passes through Bayfront and Promenade MRT Interchange Stations which run parallels to MRT Circle line. It then leaves the downtown financial core to Bugis and Little India before leaving the Central Area and move towards the Bukit Timah and Upper Bukit Timah estates and then goes in the direction of the northwest to terminate at the Bukit Panjang MRT Station.

For future residents, at the Novena MRT Station, they just need to travel 3 MRT Stations towards the North direction to arrive at the Bishan MRT Interchange Station where they could easily transit to the MRT Circle Line. And on the opposite direction, the Orchard MRT Interchange Station is just 2 MRT Stations away. The MRT Thomson East Coast Line will be estimated to start its operations in 2022 at the Orchard MRT Interchange Station. The Dhoby Ghaut MRT Interchange Station which is one of the major MRT exchange in Singapore is 4 MRT Stations away from the Novena MRT Station. The Dhoby Ghaut MRT Interchange Station serves the MRT North east Line and the MRT Circle Line as well. Just 1 MRT station after the Dhoby Ghaut MRT Interchange Station will be the City Hall MRT Interchange Station follow by the Raffles Place MRT Interchange Station where both also operates the MRT East West Line.

For future residents of Sanctuary @ Newton who drive, it is approximately 13 minutes’ of drive away from the Central Business District. To Orchard Road, it will only take them approximately 8 minutes of driving. For those frequent flyers, they might be glad to know the development is just approximately 30 minutes to the Changi International Airport. The next door Newton also easily leads future residents to the major arterial roads of the Bukit TImah Road, the Dunearn Road, the Scotts Road as well as the Thomson Road. All these roads are also connected to major expressways such as the Central Expressway (CTE) and the Pan Island Expressway (PIE).

Amenities
When it comes to accessing to dining, shopping, entertainment as well as other essential amenities, future residents will never run out of options when living in Sanctuary @ Newton. For a start they could just take a short walk down to the Novena retail cluster right close to the Novena MRT Station. This cluster comprises of a few major shopping malls which are largely popular with residents staying in Newton and Novena. The shopping malls found at this cluster include the United Square Shopping Mall, the Novena Square and the Square 2. Alternatively, they could head down to the Asia’s favourite shopping street, Orchard Shopping Belt which is just 1 MRT Station away. At this 2.2 km long retail heaven, they will have endless choices of world-class dining and entertainment facilities as well as getting to latest trends in fashion from top notch luxurious designers.

The development is also near to a few major food centres as well as such as the Newton Food Centre, the Pek Kio Market and Food Court Centre, the Tekka Market, the Whampoa Drive Market & Food Centre and Berseh Food Centre. Future residents not just able to get their favourite economical and delicious local hawker fares at these food centres but they could also access to fresh market produce such as fish, meat, poultry, fruits and vegetables here.

Schools
It is every parent’s dream to get their children to set the right foot for the start of their education pathway and living at Sanctuary @ Newton will have this dream fulfilled. The development is close to many established childcare centres, nurseries and kindergartens to get the little tots to a great start.

Next the development is also 1 km with 3 most sought after boy’s schools in Singapore. They are the Saint Joseph’s Institution Junior, the Anglo-Chinese Junior School and the Anglo-Chinese Primary School. Other primary schools that are also within 2 km range includes Farrer Park Primary School, Balestier Hill Primary School, Saint Margaret’s Primary School, Singapore Chinese Girls’ School (Primary) , CHIJ Primary School and Hong Wen School.

The development is also close to Anglo-Chinese School (Barker Road), Balestier Hill Secondary School, Singapore Chinese Girls’ School (Secondary), CHIJ Secondary School, Catholic Junior College, Nanyang Academy of Fine Arts and the Curtin University of Technology.

For expatriate families, there are various international schools in this vicinity such as Italian Supplementary School, Chatsworth International School (Orchard Campus), Swedish Supplementary School, Finnish Supplementary School and International School Singapore (Elementary and Middle Campus), Global Indian International School (Balestier Campus) and SJI International School.