One-north zone comprises an area of about 200 hectares developed in 3 phases over the next 15-20 years. The Life Xchange (Biopolis), Central Xchange (Fusionpolis) and Vista Xchange in the first phase allow for the development of the dynamic core & platform. Two condos in the science hub at Buona Vista were launched earlier this year, both are 99-yr leasehold projects. The 368-unit UE development The Rochester was launched more recently in July, at average $1300psf. It is right next door to the up-and-coming Rochester Park and is part of a mixed development that includes another block of 250 hotel rooms & 120 serviced apartments and a retail complex with about 100,000 sq ft of space. One North Residence was launched in March & received excellent response, when 95% were sold out at $870-$1000psf even before public launch. Standing on an area of 170,738 s.f., the 405-unit project consist of 85 single-level & duplex SOHO-layout apartments for retail shops on the ground floor (SOHO refers to small-office, home-office). The condo will be developed by a joint venture between UOL Group, Low Keng Huat and privately-held Kheng Leong.
Friday, November 16, 2007
One North
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