Artra code is a 99-years leasehold condominium put out by URA for sale under the government land sales program. With a land size of 442, 967 and built up areas of development, analysts predict a total number of 400 units. The current price tag the developer has bid is $373.1 million, working out to be $842.28 sf ppt for the plot of land.
Upon further examination of the bids, developers are positive regarding the local property market. Particularly in the area around Redhill. There was a total number of 10 bidders for this plot of land at Artra Redhill MRT. Hence, due to the number of bids, this shows a strong interest in the area and confidence amongst developers. The development is a mixed one, featuring various shops, restaurants and other retail space on the first floor. The highest five bids are further separated by a 5% margin. This suggests that develops are proving to be aggressive on the bids in order to secure premier land for development.
Artra Tang Skyline Pte Ltd Redhill MRT Station
That being said, some analysts warn that the 5% margin might predict that developers don’t want to get into aggressive bidding since there are still unsold units around Artra Condo. At the time of the press release, there are developer units in The Crest, Alex Residences, and Principal Garden. The prime location of Artra Condo puts it directly beside Redhill MRT station. Being in the mature town of Redhill means there are a variety of amenities nearby such as small eateries, commercial shops and retail establishments scattered all through the Redhill MRT.
Besides the nearby attractions of Redhill, Artra Condo showflat and preview location is just a short commute away from a myriad of shopping centres. Residents can shop at the nearby IKEA Alexandra, Valley Point Shopping Centre or Tiong Bahru Plaza. There are also several bargain shops found at the Queensway Shopping Centre. For late night entertainment, there are numerous pubs around Great World City and Central Plaza for residents to enjoy. There are various facilities offered at Alexandra View Artra Condo. Residents have access to a swimming pool, Jacuzzi and other facilities like a function room for a family gathering or business events.
Artra Condo Tang Skyline Alexandra View Showflat
As for the layout, there are several different types that buyers looking for something more unique can choose from. The condos also have a wide array of styles for different buyers and investors. There are mostly 2 facing units in Artra and they will face Bahru MRT road and Alexandra Road for buyers to pick from during the purchase. Furthermore, this enables buyers to select their facing options when buying a home based on their personal preferences and family size.
Artra Condo Tang Group Alexandra View Preview
Artra Condo consists of various bedroom unit types. While most unite are facing Alexandra Road and Tiong Bahru Road, units 6th floor and above will get an unobstructed view. Since the condo is on a large plot of land, there will be plenty of room for a family to enjoy themselves and the various amenities available. Included are a pool, BBQ pits, kids playground and function room. More details regarding the floor plan are available upon request.