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Property development is highly synergetic to the Group’s broad construction expertise.
After completing the last development at Telok Kurau in 2003, the strategic decision was taken in 2006 to revitalise the activities in property development in Singapore. Our strategy focuses on niche projects and developing freehold residential properties in prime locations and to position our business unit as a boutique developer.
At present, SP Development Pte. Ltd. and SP Holland Hill Private Limited are the companies within the Group which develop residential properties for sale and focus on luxury developments in the booming Singapore housing market.
8 Nassim Hill
SP Development embarked on an up-market development at 21 St. Martin’s Drive at the prestigious Nassim Hill area.
On 9 February 2007, SP Development entered into a joint venture with Shing Kwan Group, which owns the adjacent 17 & 19 St. Martin’s Drive, to jointly develop the combined sites into a single development. The merits of combining the sites include enhanced usage of land, achieving better efficiency, better economies of scale and having a larger sizeable development.
The combined freehold property comprises a land area of 34,854 square feet and will be redeveloped into a 5-storey super luxury residential development with attic and basement car parks with a plot ratio of 1.4. The Project will consist of 16 super luxury triplex units.
Lush on Holland Hill
SP Holland Hill acquired a property at Holland Hill in the prime District 10 on 15 March 2007. We will be developing luxury homes with facilities in this exclusive residential enclave.
This freehold land has an area of 52,741 square feet with a plot ratio of 1.6 and has a potential for redevelopment into a 12-storey luxury condominium with attic, basement car parks and facilities. The site sits at the top of Holland Hill and is easily accessible to Holland Village, Tanglin Village, The Botanic Gardens, Orchard Road and the future Holland Village MRT station.
With the development of both Nassim Hill and Holland Hill sites, we can offer potential buyers or investors seeking freehold properties in the prestigious District 10 area a choice of luxury and exclusive residential units.
Careful selection of location and exclusive design are key success factors. The search for other sites with good potential is ongoing for our future developments.
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BBR Building, 50 Changi South Street 1, Singapore 486126, Tel No: 6546 2280 Fax No: 6546 2268 |
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