Champions Way Residences will also feature a variety of parks, green spaces and recreational facilities that promote an active lifestyle. The development will be a hub for fitness and wellness, and will include sports courts, a gym, and outdoor fitness equipment. Residents will also enjoy access to a nearby mall, supermarkets, and other convenience stores. With a commitment to creating an active and vibrant community, Champions Way Residences promises to be an exceptional residential development.
Champions Way Residences, a freehold residential development located along Rose Lane off Tanjong Katong Road in District 15, has been relaunched for sale by public tender. According to Knight Frank Singapore, the exclusive marketing agent of the property, the guide price for the property is $23 million. This guide price translates to a land rate of approximately S$1,320 psf per plot ratio, taking into consideration the adjoining private remnant land of 545 sq ft, a land betterment charge and providing for the 7% bonus gross floor area allowed for balconies.
Champions Way Residences had first been launched for sale by tender in March of 2020 with its guide price of $23 million. Roselane Court was completed in 2002 and houses seven units. The property has a land area of 12,054 sq ft, and it is zoned for residential use with a gross plot ratio of 1.4 under the URA’s Master Plan 2019. Knight Frank Singapore estimates that an estimated of 18 new residential units with an average size of 915 sq ft can be developed on the site, subject to approval from the relevant authorities.
The adjoining private remnant land lot with a land area of 545 sq ft may also be amalgamated with the Champions Way Residences plot, subject to the approval of the authorities. Chia Mein Mein, head of capital markets (land and collective sale) at Knight Frank Singapore, notes that the property is located in a prime area with a rich cultural heritage. “It presents a rare opportunity for developers to acquire a prime site for redevelopment into boutique residential apartments that cater to home buyers who value the convenience that comes with a city-fringe location together with the serene environment that the property has to offer.”
The site of Champions Way Residences is located within walking distance to both Dakota and Paya Lebar MRT Stations, making it highly convenient for residents. In addition, in the vicinity of the freehold residential property, nearby amenities and retail options include the Paya Lebar Quarter Mall, Paya Lebar Square, Singapore Post Centre and Kinex. There are also many renowned educational institutions nearby such as Kong Hwa School, Tanjong Katong Primary School and Haig Girls’ School, all situated within a 1km radius from the property.
The tender for Champions Way Residences will close on Jan 12 at 3pm, with Knight Frank Singapore as its marketing agent. An opportunity not to be missed, this freehold residential property is perfect for individuals or developers looking to acquire a prime site for redevelopment into boutique residential apartments.