Affinity at Serangoon is a new development along Serangoon Noth Avenue 1 by Oxley Holdings featuring 1012 Apartment, 40 units or Strata Landed House as well as 5 units of Commercial.
Affinity Serangoon Condo is the former Serangoon Ville (privatized HUDC estate) site that was sold en bloc to an Oxley-led Consortium. The joint venture firm Oxley Serangoon, comprises partners including Oxley Holdings, Lian Beng Group, Apricot Capital and entities of KSH Holdings and Heeton Holdings. The purchase price for Serangoon ville at S$499 million works out to a land price of close to affinity at serangoon S$835 per square foot per plot ratio (psf ppr). This is lower than that of The Garden Residences at S$965 psf ppr, which is situated on the next plot of land at Serangoon North Avenue released under Government Land Sales. The estimated break-even price will be in the rang of S$1,300 and therefore the estimated selling price will likely be above S$1,500 psf
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November 2018
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