COMMERCIAL PROPERTY | Natalie Shu, Singapore

Launching: Twin Peaks and Horizon Residences

Upcoming Twin Peaks and Horizon Residences offer home buyers a piece of the property pie in Orchard and Pasir Panjang.

Twin Peaks by Overseas Union Enterprise (OUE)
Location: District 9, 33 Leonie Hill
Tenure: 99 Years
Preview: Late May to June 2010
T.O.P.: 1Q 2015
Type: Twin Peaks is a new upcoming condo within walking distance to the Orchard Shopping Belt. The first residential project by major commercial property developer Overseas Union Enterprise Limited (OUE) of Meritus Mandarin and Marina Mandarin fame, Twin Peaks will be a 36-storey high condo with 462 units consisting of one, two and three-bedroom types.
Twin Peaks has the distinction of being the first in Singapore to come fully furnished with designer-label furniture options. Price is estimated to range from S$2,750 to S$3,200 psf.
Analyst's forecast: This is the first residential project by OUE and is expected to be priced at market rates. With more than half of the units comprising of one-bedrooms translating to a low quantum of about S$1.5 million, it can be an attractive investment catch.

Horizon Residences by Far East Organization
Location: District 5, 41 Pasir Panjang Hill
Tenure: Freehold
Launching: Late May to June 2010
T.O.P.: 2014
Type: Horizon Residences is a new low-rise condominium project located within the Pasir Panjang Hill enclave, comprising of 72-units with one to three bedrooms. It is within walking distance to the future Haw Par Villa MRT Station and a short drive away to the Resorts World Sentosa, Vivocity and National University of Singapore. Units range from 624 sq ft for a one-bedroom apartment to 2691 sq ft for a four-bedroom apartment. Pricing is estimated to range from S$1,340 to S$1,600 psf.
Analyst's forecast: Near to major business hubs like Science Park, One North, and upcoming Mapletree Business City, there is potential rental yield to tap on from expatriate employees working in the vicinity.

Source credit: Keith Ng, Asia Property Group Pte. Ltd.

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