Artra condominium, located a stone’s throw away from Redhill MRT Station, is a mixed development condominium by FEC Skyline Pte Ltd, a Joint Venture between Far East Consortium (FEC) and New World Development Company Limited. The condominium is expected to be launched latest by the second quarter of 2017.
Development Details
Artra is built on a land parcel at Alexandra View, with a total land area of 8,398.5 square metres. This will be portioned out into 400 residential units across 43 storeys, with the 1st storey being reserved for commercial and retail units. The project’s expected TOP date is in 2021.
Artra’s developer, Tang City Holdings, has a portfolio that includes Dorsett Residences at Outram Park, and Fifty Two Stevens near Orchard Road.
Breakdown of Units
The average psf of Artra is expected to be in the region of $1,500.
|
Unit type |
Floor size (Sq ft) | No of units |
Expected Launch Price* |
|
2 BR |
780 | 80 | $1,170,000 |
|
2 + Study BR |
830 | 120 |
$1,245,000 |
|
3 BR |
1080 | 120 | $1,620,000 |
| 3 + Study BR | 1300 | 72 |
$1,950,000 |
| 5 + Family BR | 2500 | 8 |
$3,750,000 |
* Prices are 99.co’s internal estimates, subject to change
Comparative Projects
Principal Garden – 309 / 663 units left (average $1,574 psf).
The Crest – 322 / 469 units left (average $1,677 psf).
Alex Residences – average $1,839 psf.
A closer look within Artra
Artra comes with the usual condominium facilities such as swimming pools, tennis courts, and indoor gyms. Its biggest distinguishing factor, when compared to other condominiums, is that it’s a mixed development – meaning that residents can enjoy the convenience of having retail stores at their doorsteps.
Homeowners who are buying with the intention of renting in the future will appreciate this, as tenants are typically willing to pay a premium for the above-mentioned convenience. However, there are also certain downsides to staying at a mixed development as well.
Given that there aren’t any shopping centres in close proximity, residents can expect Artra to attract many shoppers who live in the vicinity. This will mean more noise, less privacy, and possibly a lack of parking space for homeowners.
A wider look around Artra
(Credits)
Redhill is a hotspot for private developments, with Artra being the 8th private development that has popped up within the past decade, with three out of these eight developments located in the same area as Artra. For those who are looking to purchase a unit at Artra for the primary purpose of renting it out, here are the rental prices of existing developments in the area:
|
1 BR |
2 BR |
3 BR |
|
| – | $4,000 – $5,000 | $5,000 – $6,500 | |
| Echelon | $1,700 – $4,200 | $3,098 – $4,600 |
$3,400 – $7,000 |
| The Metropolitan | – | $3,388 – $5,000 |
$4,300 – $6,700 |
Public transport aside, homeowners who drive will find it easy to get around as Artra is linked to different parts of Singapore via Ayer Rajah Expressway, Central Expressway, Alexandra Road and more. Both Orchard Road and Raffles Place are approximately 5-10 minutes away by car.
As for shopping, apart from the retail stores located with Artra, residents can also enjoy easy access to Tiong Bahru Plaza, Ikea, and Queensway Shopping Centre. Medical facilities such as Gleneagles Hospital, National University Hospital and SingHealth Polyclinic are also located nearby.
Last but not least, for parents or parents-to-be, there are several prestigious primary and secondary schools located in the vicinity. These include Crescent Girls’ School, Gan Eng Seng Primary School, and CHIJ St Theresa’s Convent.
Interested in Artra? Do check out this page again for regular updates!
About Elizabeth Tan
Elizabeth is a writer, a Harry Potter fanatic, and a Game Of Thrones addict.
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