Find out why High Park Residences was the best selling property of 2015.
May 26, 2016
How does one know if a property is a good buy?
Look for the one that draws investors – even when cooling measures are in place and the general market is subdued.
Nothing could be clearer than in the case of High Park Residences, which drew masses of committed buyers when the project was launched last year.
In scenes not unlike the boom days, more than 8,000 interested buyers thronged High Park Residences’ showroom when it opened to the public in July last year. After just the first weekend of sales, nearly 1,100 units or 78 per cent of the 1390-unit development had already been snapped up.
Better still, there is now another chance to share in this real estate success story.
High Park Residences enjoyed a fantastic reception because it boasts several strengths compared to other projects.
For one, it is sited on a large and gently sloping high ground, which allows for a dynamic and interesting design within a lush landscapeof 366,167 sq ft. There is a generous allowance between blocks, enhancing privacy and a sense of spaciousness.
A wide range of unit sizes and configurations are designed to meet different needs – from one- to five-bedroom apartments in six tower blocks thoughtfully oriented to offer breath-taking views of the surrounding areas. There are even 10 strata semi-detached houses and four strata bungalows crafted in a three-storey villa concept featuring grand interiors, double volume spaces and wide-frontage private enclosed spaces.
Another big attraction at High Park Residences is its 118 recreational facilities, themed Adventure, Romance and Joy – all linked through an inter-connecting waterscape.
Residents – whatever their age – are at the heart of these facilities. You could, for instance, barrel down the 3-metre adventure slide, or take a swim down the 50-metre lap pool and through to the lagoon, which make up the longest connected water body in Singapore.
Active types can also try the Flying Fox, 3G Fitness Park, boxing ring, gym, aqua gym, tennis court and futsal court.
After work or on the weekends, take a well-deserved soak in the jet or spa pool or relax in Hammock Heaven. You can also sit back and be entertained at the indoor movie theatrettes or outdoor theatre, or even entertain others with your musical talents in the jamming room.
Hosting parties is a cinch at High park Residences, where gatherings can take place at one of the barbecue pits or three concept dining pavilions.
Don’t feel like cooking? Then eat “out” at one of the F&B outlets within the development. Parents will also love the convenience of having a childcare centre in High Park Residences.
Finally, the development is unique for its exclusive High Park Club for residents. The club offers a suite of complimentary lifestyle classes conducted by relevant industry professionals.You can learn to play the violin with lessons by Wolfgang Violin Studio, join aerobics, yoga, kick-boxing and Pilates classes held by Amore Fitness or pick up new culinary skills or sports.
High Park Residences’ location between Lorong Tanggam, Sengkang West Way and Fernvale Road puts it right next to Thanggam LRT station and part of Sengkang’s comprehensive MRT and LRT networks. Connectivity with be further enhanced with the upcoming Buangkok Bus Interchange.
For motorists, the new dual three-lane Seletar Aerospace Flyover and Sengkang West Road provide direct connections to the Central Expressway (CTE), Seletar Expressway (SLE) and Tampines Expressway (TPE), and are also linked to JalanKayu.
Although Orchard Road is just a 15-minute drive away and the Central Business District an 18-minute drive, residents won’t even need to leave their neck of the woods to get what they want.
There are plenty of amenities in the vicinity,with several malls opening in the last few years, including Seletar Mall just down the road, Greenwich V, Waterway Point, Compass Point and Rivervale Mall, as well as the famed eateries in charming JalanKayu.
Those who like sports and the great outdoors will appreciate the area’s scenic green connections and parks, including the tranquil Sengkang Riverside Park with its rich biodiversity.
Whether it is schools that young families are after, or healthcare facilities that the elderly look to, Sengkang is able to meet their varied needs. These range from established schools like Nan ChiauPrimary School, Nan Chiau High School and Pei Hwa Secondary School, to the 1,400-bed Sengkang General and Community Hospitals, set to open in 2018.
On top of that, the neighbourhood is adjacent to the future Seletar Regional Centre, making High Park Residences very attractive for its proximity to vibrant business hubs and employment opportunities.
Indeed, Sengkang is seeing more high-value-added jobs coming alongside the new educational institutions in the Punggol Creative Cluster, as well as the enlarged Seletar Aerospace Park – home to big names like Rolls-Royce, ST Aerospace and Pratt & Whitney. The presence of these firms translates into job opportunities for both locals and expatriates alike, and increases the tenant pool for High Park Residences investors.
What’s even more exciting is when these areas are combined with Sembawang and the Seletar and Woodlands Regional Centres to form the North Coast Innovation Corridor – an economic corridor alive with ideas, creative design and new technologies. By then, Sengkang will be more vibrant than ever.
Thanks to High Park Residences’ inherent attractiveness, a diverse range of buyers have been drawn from all over Singapore.
Those who have already purchased units at the development are savvy investors who immediately recognised its strong attributes and reasonable pricing, with the average per square foot price at below $1,000.
“It’s very affordable compared to other developments in the area,” explains Ronald Deng, 35. “High Park Residences is surrounded by good amenities and we can drive to the airport in less than 16 minutes, and get to the city area in under 20 minutes.”
It also offers good rental potential due to its proximity to the Seletar Aerospace Park and industrial developments, says another buyer, Irene Quek, in her mid-30s.“Plus I love the element of space. The project has a unique layout and the block-to-block distance is quite far apart, compared to other developments which tend to be cluttered and claustrophobic.”
Adds Alicia Koo Yan Hong, 27, who also bought a unit: “What’s so special is that they have the High Park Club. With all these activities they offer, such as on baking and fitness, I don’t have to leave home to participate in them, especially after a tiring day at work.”
Indeed, few projects are able to defy the odds and do as well as High Park Residences has. House hunters who missed the first wave of sales during the project’s launch last year now have a window of opportunity to get their foot through the door.
With more than 95 per cent of the development already sold, there are currently a limited number of two- to four-bedroom units still available for sale. These are perfect for households which are new, growing or multi-generational.
Surely, your family deserves all that High Park Residences has to offer.
Don’t miss the chance this time.