Terra Hill Prestige Collection Buying Gem Long Term Capital Growth

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A new level of luxury living is coming to the city fringe neighbourhood of District 5, particularly in the Kent Ridge area. Hoi Hup Realty and Sunway Developments have joined forces to create Terra Hill, a freehold luxury condo offering large-format apartments that are rarely seen in the area.

Residents of Novo Place EC will have the added advantage of being in close proximity to multiple Mass Rapid Transit (MRT) stations. The upcoming Tengah Park MRT station, a station under the Jurong Region Line, is conveniently located nearby, providing easy access to the extensive rail network. Additionally, the well-connected Jurong East MRT station, which serves as a major interchange connecting the North-South Line and the East-West Line, further enhances accessibility for residents of Novo Place EC. This allows for convenient travel to the Central Business District and other key areas. Located at Novo Place, residents can enjoy the best of both worlds – the tranquility of a peaceful residential area and the convenience of being well-connected to the rest of Singapore.

General manager of Hoi Hup Realty Koon Wai Leong says, “We aim to elevate the neighbourhood with our project. Despite being in District 5, the Prestige Collection at Terra Hill boasts specifications and design features that are on par with luxury projects in the prime Districts 9, 10, and 11.”

The development spans over 208,445 sq ft and comprises nine 5-storey blocks. The Prestige Collection consists of three blocks situated at the highest point of the sloping terrain. These are the largest units in the development, offering luxurious fittings and the best views. Of the 30 units, 24 are four-bedroom apartments measuring 1,894 sq ft each, while the remaining six are five-bedroom, duplex penthouses spanning 3,035 sq ft.

To enhance the breathtaking views, the four-bedroom units in the Prestige Collection feature a 6m wide living room with full-height glass sliding doors leading out to a balcony. The five-bedroom duplex penthouses boast a double-volume ceiling and an incredible 9m frontage.

“Residents on the higher floors will enjoy views of the lush greenery of the Southern Ridges,” says Kingsley Ng, director of P&T Architects & Engineers and the project architect for Terra Hill. “Some units will even offer glimpses of the sea, while others will overlook the swimming pools and beautifully landscaped gardens.”

Every Prestige unit comes with a private lift lobby, full marble flooring, and all en suite bedrooms. The master and junior master suites feature walk-in wardrobes with dressers and spacious ensuite bathrooms. The kitchens are fitted with top-of-the-line appliances from Swiss brand V-Zug, while bathroom fittings and sanitaryware boast European brands Gessi and Laufen.

Since the onset of the Covid-19 pandemic, there has been a shift in consumer preference towards larger units. This is especially true for professionals and entrepreneurs who are now working from home and require a designated workspace to maintain a work-life balance. According to Ken Low, managing partner of SRI, even affluent seniors living in landed properties have started downsizing and opting for condo living. “Many of them are now living alone as their children have grown up and moved out,” says Low. “They find it challenging to maintain a large house and have trouble with their knees. Moving to a condo provides them with the luxury of space without the added maintenance.”

EdgeProp Landlens data shows that four-bedroom units in District 5 only make up 12.6% of the non-landed housing stock, while five-bedroom units account for a mere 1.55%. Most units in District 5 are one-, two-, and three-bedroom apartments, indicating a gap in the market that Terra Hill aims to bridge.

Additionally, Terra Hill has received the BCA Green Mark Platinum and Super Low Energy certification, making it the most sustainable development in the area.

Strategically located between two bustling business districts – the CBD and the future Greater Southern Waterfront, and the up-and-coming Jurong Lake District – Singapore’s second CBD, Terra Hill offers an excellent investment opportunity for the long-term. With a 10-minute drive to the CBD and a 20-minute drive to the Jurong Lake District, residents have easy access to both key business hubs. The Pasir Panjang MRT Station on the Circle Line is just a five-minute walk from Terra Hill, providing easy connectivity to the Marina Bay Station (an interchange for three lines – North-South, Circle, and Thomson-East Coast) and Jurong East Station (an interchange for the East-West, North-South, and Jurong Regional lines).

Prestige Collection units at Terra Hill start from $5.29 million ($2,793 psf). “It’s a gem with guaranteed long-term capital appreciation,” says Low.

The Sales Gallery is located at South Buona Vista Road.

Contact us:
Tel: 6311 9555
Email: enquiry@hoihup.com
Website: https://terrahill.hoihup.com/

Check out: The Continuum’s Prestige Collection: Limited edition, luxury living, and legacy planning

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