Liv @ MB is an upcoming 99-years lease luxury condominium development along Arthur Road, replacing the en-bloc apartments of Katong Park Towers Condo. Located in District 15, Katong, this strategically located property is perfect for families and couples looking for a well-balanced and healthy lifestyle.
Award-winning Developer Bukit Sembawang Estates Limited secured the en-block bid at $345 million for this project, outbidding 9 other bidders at 20% higher than the reserve price of $288 million. The Liv @ MB Condo will be developed into an estimated 388 units with an expected TOP 2024.
Situated just on the outskirts of the Central Business District (CBD) while perfused by schools, parks, malls, great food options, and recreational centres, Katong is a hot location for upcoming luxury suburban developments, with rejuvenation initiatives under the Kallang Masterplan. The area features heritage buildings such as colonial bungalows and colourful shophouses, distinctive of its rich Peranakan history and culture, while at the same time boasting of classy privately owned houses. Offering convenience at its residents’ fingertips and the enjoyment of healthy living with the natural sea breeze, Katong attracts both wealthy locals and foreigners to make their homes in its thriving neighbourhood.
Convenient access to necessities, entertainment, and the city makes Liv @ MB a residential jewel. Right in the heart of Katong, Liv @ MB is just a short walk or ride to its nearest shopping malls, schools, amenities, food, and more. Residents of Liv @ MB will enjoy the luxury of buying anything they need or want within a moment’s notice, with excellent and well-equipped Shopping Malls like Kallang Wave Mall, I12 Katong Mall, Katong V, and Marine Parade within less than 5 minutes drive of its vicinity.
Furthermore, families with schooling children will have priority to enter the prestigious primary schools of Singapore, Kong Hwa Primary School and Tanjung Katong Primary School, both situated within the 1-2KM radius of the neighborhood. Other nearby top ranking secondary schools that are less than 1KM distance include Dunman High School and Chung Cheng High School. Supplementing the academical aspect of education, Katong also offers a host of amazing sports and park facilities nearby such as Singapore Sports Hub, Katong Swimming Complex, and East Coast Park.
Besides having a bus stop situated right beside the development for easy connection, accessibility to the nearest train stations of Mountbatten (CC7) and Dakota (CC8) by foot is just a leisure 13-18 minutes walk.
Future residents can also anticipate the upcoming Katong Park MRT (TE24) Thomson-East Coast Line which is due to be completed in 2023, and will be just 200 metre walk away from this project.
Parents that want the best education for their children will have no problem finding the perfect school as Liv @ MB is within close distance to several top schools in Singapore. The following are some of the learning institutions that parents can send their kids to:
The nearest primary schools are Kong Hwa School, and Tanjong Katong Primary School, both within 2km radius of the project. As for secondary schools, Dunman High School and Chung Cheng High School (Main) are both nearby as well. Other schools in the neighbourhood include Eis International Pre-School, Tanjong Katong Secondary School, Tanjong Katong Girls’ School, Canadian International School, CHIJ Katong Primary and Secondary School, Tao Nan Primary School, Ngee Ann Primary School, Chung Cheng High School, and Saint Patrick’s School.
Shopaholics will have no problem finding a good mall since there are plenty in the area, with many of them only a few minutes away by car. Some of the shopping malls are as follows:
i. i12 Katong
Formerly known as Katong People’s Complex and Katong Mall, is located 3 minutes away from the condo at the East Coast Road and Joo Chiat Road intersection. The mall features a food court, a cinema, and playgrounds for children.
ii. Katong Shopping Centre
Located 4 minutes away along the Mountbatten Road, the historical Katong Shopping Centre began operation in 1973 and is the first shopping mall to have air-conditioning in Singapore.
iii. Katong V
Katong V is a mixed development which consists of a 3-storey shopping mall and the Village Hotel Katong. The mall’s design was inspired by the Peranakan heritage and culture, giving it a distinct feel.
iv. Kallang Wave Mall
Located within Singapore Sports Hub, Kallang Wave Mall offers plenty of retail and eateries options, as well as a sports hub featuring a climbing wall and a water park.
v. Leisure Park Kallang
Leisure Park Kallang can be found right next to the National Stadium and visitors can go for their cinema, ice skating rink, or bowling for a fun bonding time with family and friends.
Besides all these shopping malls, Liv @ MB is also close to amenities like NTUC Fairprice (Jalan Tiga), Cold Storage Kallang Leisure Park, and NTUC Fairprice (Geylang Lorong 38).
Those who want to stay healthy or surround themselves in nature have no problem doing so when living in Liv @ MB because there are a multitude of parks and sports centres in the area that they can access easily. Some of them are as follows:
i. Singapore Sports Hub
Completed in 2014, the Singapore Sports Hub is a fully integrated sports, entertainment & lifestyle centre, replacing the former National Stadium. With a total area of 35 hectares, it features facilities, such as a shopping mall, museums, and community sporting facilities.
ii. Singapore Indoor Stadium
Opened to the public in 1988, this indoor stadium has hosted plenty of sporting events and major concerts over the years. In fact, it was ranked as one of the world’s busiest arena venue in 2015.
iii. Katong Active Swimming Complex
Katong Active Swimming Complex is a public swimming pool located across the Mountbatten Road from where the condo is located, and it is the perfect place for swim training and recreation.
iv. Katong Community Centre
Located along the Kampong Arang Road, Katong Community Centre offers a wide range of activities for everyone in the neighbourhood, including academic classes and ballet courses. Facilities in the area include a computer room, a multi-purpose hall, and a playground.
v. East Coast Park
East Coast Park is Singapore’s largest park, featuring an area of 185 hectares and facilities such as food centre and restaurants, fishing jetty, and recreational area. Located along Singapore’s southeastern coast, the park is an excellent place for families to relax and spend time together.
Food lovers will have plenty of eateries they can visit for some yummy delicacies in the area. For instance, there’s an entire street of food options along the East Coast Road, including the famous Katong Laksa. A short drive up north from the condo will also take you to Geylang Road, where there are more food and fruit selections that you can choose from, such as the Leong Kee (Klang) Bak Kut Teh, Geylang Famous Beef Kway Teow, and dozens of fruit stalls.
If you prefer somewhere closer to home with plenty of food choices, the stalls at Old Airport Road Food Centre & Shopping Mall will be a perfect choice. Other nearby famous eateries you can explore are Long Beach King at 220 Stadium Blvd, Ponggol Nasi Lemak at Tanjong Katong Road, and Long Phung Vietnamese Restaurant at Joo Chiat Road.
99-years leasehold development projects offer attractive advantages for the buyer, be it an own-stay purchase or an investment move.
With boutique Freehold projects making up the majority of new developments these days especially in traditionally prime districts like District 9, 10, and 11, a 99 Years Leasehold new development’s lower quantum price of atleast 15-20% of a Freehold property in the same area creates an attractive value and high demand for interested buyers.
Not only is the 99 Years Leasehold a great option to avoid “freehold premium” and hefty luxury furnishings price tag from developers, its affordable prices allows buyers to have a reasonable outlay on their property purchase. This certainly makes a difference for upgrading buyers, with the inclusion of ABSD (Additional Buyer Stamp Duties) since 2018, where 12% of a property’s price has to first be paid upfront even if the buyer has plans to sell their current property.
In comparison with its freehold neighbors, the 99 years leasehold projects also hold excellent potential for capital appreciation, since a higher volume of transactions can be expected in Leaseholds than in Freeholds which are generally regarded for legacy building and passing down through generations. Other factors such as initiatives outlined in the URA Master Plan for that particular district can also influence the appreciation value of the property.
Investment buyers wishing to rent out their property will also enjoy expected higher rental yields for the 99 year leaseholds in prime districts – since the leasehold’s combination of prime district addresses and excellent property amenities allows them to demand rental rates competitive with the freehold properties while having made less capital commitment upfront for his leasehold compared to a freehold owner.
Started as a rubber company in 1911, Bukit Sembawang Estates Limited turned its focus into the property industry in the 1950s and became the pioneer in residential development in Singapore. The award-winning developer has been involved in plenty of projects for more than half a century, including more than 4,600 landed homes and more than 1,800 residential units altogether. Listed on the Singapore Exchange, they currently make a name in the industry through property development and investment, among other property-related endeavours.
Their portfolio includes 8 St Thomas, Luxus Hills, and Skyline Residences. Meanwhile, their upcoming launches include The Atelier and Liv @ MB.
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