Introduction
In recent property news, Kheng Leong Co. has made headlines with its acquisition of 21 Anderson, a prime freehold condominium located in Tanglin, District 10 of Singapore. This 21 Anderson Enbloc acquisition marks a significant move in the luxury home market and underscores the ongoing evolution of the real estate landscape in Singapore.
21 Anderson Enbloc : Understanding the Development
21 Anderson stands as a testament to luxurious living, boasting a strategic location and premium amenities. Let’s delve deeper into the key aspects of this remarkable development:
Location in Tanglin, District 10
Situated in the prestigious Tanglin area, 21 Anderson enjoys proximity to renowned educational institutions, lifestyle amenities, and transportation hubs. Its location within District 10 adds to its allure, offering residents unparalleled convenience and connectivity.
Proximity to MRT Stations
With easy access to MRT stations such as Stevens MRT, commuting from 21 Anderson is seamless, enhancing the accessibility and mobility of its residents.
Freehold Status
The allure of freehold properties in Singapore is undeniable, and 21 Anderson’s freehold status further elevates its appeal among discerning buyers seeking long-term investment opportunities.
Urban Outskirts Charm
Despite its prime location, 21 Anderson exudes a sense of tranquility, seamlessly blending urban convenience with the charm of the outskirts, offering residents a serene retreat amidst the bustling city life.
The Acquisition
Kheng Leong’s acquisition of 21 Anderson for $213 million underscores its commitment to investing in premium real estate assets. The purchase price, translating to $2,490 per square foot, reflects the intrinsic value and potential of this esteemed development.
Key Players
The transaction involved notable entities such as Far East Consortium, the seller, and Kheng Leong Co., the buyer. Led by prominent figures in the real estate industry, these entities have played pivotal roles in shaping Singapore’s property landscape. Kheng Leong is the developer behind another super luxury condo at 32 Gilstead Road too.
Future Prospects
Kheng Leong’s strategic acquisition of 21 Anderson opens doors to various possibilities. Whether land banking for future development or exploring subdivision options, the acquisition positions Kheng Leong as a key player in shaping the future of luxury real estate in Singapore.
Frequently Asked Questions (FAQs)
Q1: What is the significance of 21 Anderson’s location?
A1: 21 Anderson’s location in Tanglin, District 10, offers residents unparalleled convenience, proximity to MRT stations, and access to prestigious educational institutions and lifestyle amenities.
Q2: What distinguishes 21 Anderson in terms of property tenure?
A2: As a freehold development, 21 Anderson offers investors long-term ownership benefits and adds to its desirability among discerning buyers seeking valuable real estate assets.
Q3: How does Kheng Leong’s acquisition impact the luxury home market in Singapore?
A3: Kheng Leong’s acquisition underscores the vibrancy of the luxury home market and signals opportunities for future development and investment in prime real estate assets.
