Hillsta condo by Far East lands in Choa Chu Kang
A spanking new condo comes to Choa Chu Kang, and we heard that it’s inspired from Japanese spas located in the forests, with lots of lush greenery. Hillsta (what kind of name is that?) also has three housing types for you to choose from - your regular condo units, SOHO units (a recent Far East Organization 'invention') or townhouses. Want to know what we think of this development? Read on!
Back in May last year, Far East Civil Engineering and China Construction put in a bid of almost $143m in a joint venture, beating four other developers for this site. This site wasn’t hotly contested, as there was a rather large difference between the top two bids.
Developer: TrustHouse Pte. Ltd (Joint venture between Far East Civil Engineering and China Construction)
Tenure: 99-year leasehold
Site Area: 165,610 sqft (approximate)
Storeys: 20 and 23 (Condo), 21 (SOHO), 2 (townhouses)
Blocks: 3 (excluding townhouses)
Expected TOP: End 2017
Sad to say, they have all the usual condo facilities - pool, gym, water features. Nothing interesting. Very run-of-the-mill standard mass market condo in the suburbs.
Unit Mix and Sizes (approximate)
SOHO (High ceiling units for loft-style living)
1BR (~535- 566 sqft) x 84
2BR (~646- 716 sqft) x 42
3BR (~775 -872 sqft) x 42
1BR (~576- 646 sqft) x 79
2BR (~1,120- 1,335 sqft) x 63
Townhouse (~3,143- 3,197) x 20
Do note that the elevated LRT line is located north of Hillsta, across Choa Chu Kang Road. Sadly there is no buffer of a tennis court or a courtyard, the SOHO units there will face the LRT tracks directly below.
West of Hillsta is a building that looks like an SP Powergrid electrical substation. To the east lies some landed homes along Phoenix Road. To its north are existing HDB flats. South of Hillsta lies a big blank plot of land that belongs to MINDEF. It's super top secret classified land, so we can't tell you what it is. We suspect it's a giant underground chamber where they develop new horrid-tasting army rations for our soldiers.
The name Hillsta is inspired from the 'hill' this development sits on. It slopes upwards towards the south and most likely the townhouses will be sitting on the incline. We'll know more once we take a closer look at the 3D model.
From the artist's impression there looks to be a multi-storey carpark (MSCP) to the west of the development. We're not sure if there's any underground parking though.
We don't like condos with MSCPs, doesn't feel right. MSCPs belong to HDBs and Executive Condos in our opinion.
Units at nearby condo The Tennery (99-yr) went for an average of $1,256 psf from Oct to Dec last year. Given that The Tennery sits atop a shopping mall (Junction 10) and is a stone’s throw from the upcoming MRT station, we can expect prices of Hillsta to be slightly lower. Based on the top bid of $143m, the price psf ppr should be around $410 or so, meaning that the selling price could be around $850- $950psf.
It is located in a rather quiet place and there's really nothing much in terms of facilities to get excited about. The location is unique in the sense that it is unlikely any new condos will be launched near Hillsta, according to the URA masterplan. So that could prove to be a selling point.
Apart from that we think this is condo is ideal for folks in Choa Chu Kang and Bukit Panjang looking to upgrade from their existing HDB flats.
Some agents will tell you about it's proximity to Jurong Lake District. That's nonsense as Hillsta is 5km away. They are clutching at straws here as there isn't much to get excited about in terms of HIllsta's location. If you want to leverage on Jurong Lake District, we suggest buying condos in Jurong instead.
That said, there is still some potential here, especially when the MRT and mall is complete. This area will look different in two years' time, hopefully the land values will increase accordingly.
Hillsta launches today so do use the long weekend to pay their showflat a visit.
Images via brochure, Far East Organization.
Posted on 05-04-2012 16:24 | By Cheryl Han
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