The Group's maiden project launched in December 2011, Charlton Residences is a 21-unit freehold landed cluster-housing development project in the Kovan precinct at the site of the former Foh Pin Mansions. The development is enviably situated on 1 Charlton Road, amid the leafy, natural surroundings of the Kovan precinct on a 34,154-sq ft site in District 19.
The Group owns a majority stake in this 80:20 joint venture with A.C.T. Holdings Pte Ltd. All 21 strata units were completely sold in March 2012, less than four months after its launch, recording an aggregate sales value of S$59.60 million which provides for an average price of S$2.84 million per unit.
Charlton Residences provides an aesthetically pleasing design that is stylish and yet highly functional, providing its residents with ample space and efficient unit layouts in a private, convenient and comfortable setting. All units are complemented with chic designer fittings and is ideal for family living offering a lap pool, clubhouse and gym within the development.
Accessible via the CTE and KPE, Charlton Residences is a stone throw away from Kovan MRT station and NEX megamall, and only a 15-minute drive to the Orchard shopping belt and Central Business District. Residents can immerse themselves in the neighbourhood's rich cultural heritage with the development of the Upper Serangoon Heritage Trail close by – encompassing the shops at Lim Tua Tow Road, the Hougang Dow Mu temple and a community of Catholic churches and schools.
Construction of the project has completed and the development received its TOP in May 2014.
|Type||Development – Private Cluster Housing|
|Launch Date||December 2011|
|Expected Completion Year||Completed|
|Gross Development Value||~ S$60 million|
|Permissible Gross Floor Area||~ 62,054 sq ft|
|Land Cost||~ S$342 per square feet|
|Average Selling Price||~ S$2.8 million per house|