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ParkSuites | Park Suites Condo

ParkSuites @ Holland Grove Road . Condominium . Shops at Ground Level

ParkSuites is a new condominium development in a private residential estate off Holland Road. It is being developed on the site of the former Henry Park Apartments, by Far East Organisation.

ParkSuites | Park Suites CondoFormer Henry Park Apartments :: Site of new ParkSuites

Henry Park Apartments formerly comprised a cluster of 16 shop units and 48 apartments, that went to Far East in an en-bloc sale for $176m in December 2011. Far East Organisation outbid 4 other developers with its offer of around $1,258 per sq ft (psf) per plot ratio (ppr) for the 64-unit project, based on a gross plot ratio of 1.4.

This development in prime district 10 is popular among surrounding residents for its speciality shops and is just opposite the sought after Henry Park Primary School.

The tender closed on December 1, thus just avoiding the new cooling measures that require developers to build and sell all the units in a new project within 5 years of buying a site. This allows Far East room to delay the launch and sales of this project if they wish.

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PARKSUITES CONDO DEVELOPMENT

The 99,880 sq ft site for Park Suites is zoned residential, with commercial at the 1st storey in the 2014 masterplan. The master plan allows for a gross plot ratio of up to 1.4 and a maximum building height of 4 storeys.

There is limited supply of prime sites in the vicinity, especially those with shopping amenities. The site also wraps around a public park, giving the shops and residences an extended crescent-shaped public frontage.

Park Suites’ sizeable land area and mixed-use zoning also allow the developer greater flexibility to design an interesting condominium with a trendy self-contained commercial hub that provides a range of shopping amenities and dining options that blend in with the greenery.

The developer could build strata-titled shops and sell them separately, or keep the entire lot for investment so as to control the tenant mix.

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THE KI RESIDENCES SHOWFLAT BY HOI HUP SUNWAY

Do you like the general location of ParkSuite, at the Clementi Road end of Holland Road, but do not like its 99 year leasehold tenure? Then why not consider Ki Residence at Brookvale Drive, a short drive down from ParkSuites?

Ki Residences is a 999 year leasehold condominium, which in Singapore is considered almost as good as freehold. After all, whether Singapore will survive another 800 years is a moot point. The famous Roman Empire didn’t last half that long, and it seemed almost indestructible at its height.

Anyway, getting back to the Ki Residences. This is being built by a joint venture of Hoi Hup Realty and Sunway Development, forming a joint collaborative company called Hoi Hup Sunway.

The main drawback about Ki Residences is that it is located really far inside this residential estate. So far in, that the Ki Residences showflat location is really peaceful, with a quiet almost somnolent nature to it. But the flip side is that it can be difficult to get in and out, especially if you don’t drive. After all, how many kids have the luxury of being chauffeured around everywhere.

And the elderly too. Especially for those who have given up cars. But of course, some would say, there is always Grab. Just take a cab in or out, it’s so common nowadays even without the excuse of living so far inside. If you are fine with that, then possibly Ki Residences is the place for you. After all, ParkSuites is no better in this respect.