KI RESIDENCES CONDOMINIUM
This is a Review of Ki Residences. Ki Residence is a new 999 year leasehold condominium at Brookvale Drive off Sunset Way, in the Clementi neighbourhood.
It sits on the sprawling site of the former Brookvale Park. This lies within a quiet, leafy enclave designated for private residential developments and two-storey bungalows.
Note: This is NOT an advertisement for sale.
What do we feel about this project? Is it a good one to consider? Well, we would say it has its attributes, but also its drawbacks.
If you are looking for a fairly central, yet lush, green and peaceful location, and don’t need to be able to walk to an MRT station, then Ki Residences could be for you.
The site is a short drive to Holland Village, and the Orchard Road area. Clementi is notable for its proximity to several centres of higher learning, research and medical hubs, and science parks as well. It is also just around the corner from the upcoming transformation of the Beauty World area, that will add more amenities and vibrancy to the neighbourhood.
Among the first developments there will be the Bukit Timah Community Building and Integrated Transport Hub, a new one-stop integrated facility with a Community Club, redeveloped market, and hawker centre.
But as the Ki Residences site is set deep inside this private, mainly landed housing estate, it is not convenient to amenities. There are neighbourhood shops near the main road on the way in, and Sunset Way is something of a foodie’s haunt.
Access to public transport is another matter. You need to make your way out to Clementi Road, or take the shuttle bus. (Yes, there is one.)
So Ki Residences will likely suit more those with their own transport, or who are happy to forego quick access for a quiet & secluded living environment. Particularly as convenience & seclusion seldom come hand in hand, and all the more if budget is a consideration.
Residents of the former Brookvale Park appear to be in that category. Many of them lived here for over 35 years before the site was sold for redevelopment as the Ki Residence condo.
About the KI Residences Development
Its unusual setting provides the developer an opportunity to create a unique development here.
Hoi Hup Sunway intends to leverage on the green and natural environment to offer something special. One with a design concept that takes its cue from its backdrop to act as a calm respite from the stresses of city life.
Ki Residences will house 660 apartments within ten 12-storey high blocks. It is geared towards couples, and young and multi-generational families. The immediate milieu, and surrounding context of numerous educational, business and research hubs, are certainly eminently suited for that.
Units in the development will enjoy unobstructed views over the neighbouring greenery and landed housing estate.
And the developer will be taking steps to improve the accessibility of the neighbourhood. Hoi Hup Sunway is undertaking an extension of the existing Sunset Way road, via the Ki Residence site and through the forested area on its east, and out to Clementi Road.
This road will provide residents an alternative and more direct access to Clementi Road.
Ki Residences is targeting to launch for sale in the 4th quarter of 2020. But this could possibly be delayed till early 2021 depending on the course of the COVID-19 situation in the next few months.
Request to be kept updated here.
|Name||Ki Residences at Brookvale|
|Developer||Hoi Hup Sunway Clementi Pte Ltd
(JV of Hoi Hup Realty and Sunway Developments)
|Status||Condominium (No restrictions on foreign ownership)|
|Address||1 Brookvale Drive, Singapore 599968|
|Site Area||34,653.28 m² (373,008 sq ft)|
|Floor Area||55,445.26 m² (596,812 sq ft)|
|Tenure||999 Year Leasehold from March 1885|
|T.O.P. Date||30 July 2024|
|No. of Blocks||10|
|No. of Storeys||12|
|No. of Units||660|
|Car Park Spaces||660 spaces + 110 bicycle spaces|
Ki Residences Floor Plans
The Ki Residence floor plan layouts are not available yet. Do send us your contact details via the Form below if you wish for the floor plans to be emailed to you once finalised.
Ki Residences Site Plan
Ki Residence Singapore is a low to mid-rise condominium development set within a private residential estate inside Sunset Way. It occupies a rather elongated, irregular-shaped sprawling site, stretching from the north-west to the south-east.
To its north-east is the greenery of Maju camp. And to its south-west is a low-rise landed housing enclave, comprising mainly 2-storey high bungalows.
Hence higher floor units on either side should get unblocked views, good wind flows, and natural light.
Ki Residences Showflat · Viewing
The Ki Residence showflat is not available for viewing yet. Please drop your contact details in the Form below if you wish to be kept updated when the showflat is ready.
Ki Residences Prices · Unit Types
UNIT TYPES . SIZES
|Unit Description||Type||No. of
|2 Bedroom Compact||BC||180||65||700|
|2 Bedroom + Study||BS||69 – 82||743 – 883|
|3 Bedroom Compact||CC||418||80 – 96||861 – 1,033|
|3 Bedroom||C||87 – 131||936 – 1,410|
|4 Bedroom||D||58||116 – 159||1,249 – 1,711|
|5 Bedroom (Private Lift Lobby)||E||4||169 – 193||1,819 – 2,077|
|5 Bedroom + Study (Private Lift Lobby)||ES||184 – 208||1,981 – 2,239|
|Total Number of Units||660|
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
KI RESIDENCE PRICE RANGES
The indicative Ki Residences prices are not available yet yet. Please let us know via the Contact Form if you wish to be kept posted on the pricing when finalised.
KI RESIDENCES PRICE BACKGROUND
The Ki Residence site was formerly that of Brookvale Park. Which was sold collectively in an en bloc deal to Hoi Hup Sunway for SGD$530 million, on 15 February 2018.
On top of that, a development charge of around SGD$26 million was payable, which adds up to a total cost of $556 million.
Under the URA Master Plan, this 373,008 sq ft land parcel is zoned for residential development and has a gross plot ratio of 1.6. It may be redeveloped up to a maximum total floor area of 656,494 sq ft, inclusive of the 10 per cent bonus balcony allowance.
Hence the total amount paid for the site works out to a land rate of about $932 PSF PPR (per sq ft per plot ratio). After factoring in all the development, financing, and construction costs, the break even level might be around $1,500 PSF.
We could therefore be looking at a selling price of anywhere between $1,7xx to $1,9xx PSF. Which would be quite competitive, given that the recently launched 99-year leasehold View @ Kismis nearby is selling fairly well at around that pricing.
(Freehold and 999 year leasehold prices are usually around 25% higher than 99-year leasehold prices.)
About the Developer
Ki Residences Singapore is being developed by Hoi Hup Sunway, a joint venture between Hoi Hup Realty and Sunway Developments Pte Ltd.
Both are well established and reputable developers with collectively, decades of experience on the local real estate scene.
Among their various collaborative efforts together in Singapore, are projects such as Vacanza @ East, Miltonia Residences, Sea Esta, and The Peak @ Toa Payoh. They also built City View @ Boon Kheng, that made the news recently for achieving million dollar prices on the HDB resale market.
They are currently working together on the mixed-use 33-storey high Royal Square at Novena.
About Hoi Hup Realty Pte Ltd (“Hoi Hup” or the “Group)
Hoi Hup Realty was established in 1983 in Singapore. It is a niche property developer with a variety of completed projects to its credit.
These range from executive and private condominiums, to mixed-use developments, to landed and cluster housing projects. To date, Hoi Hup has been responsible for more than 7,300 units of Singapore’s housing stock.
Among these are recognisable ones such as Residences @ Killiney, Sophia Hills @ Mount Sophia,
Suites @ Cairnhill, Shelford 23, Waterford Residence, The Ford @ Holland, Whitley Residences, The Foresta @ Mount Faber, De Royale.
Hoi Hup’s strength lies in its accumulated knowledge and experience, and dedication to create spaces that embody functionality, quality, style and comfort. It intends to leverage on that to pursue an ever higher standard for its upcoming developments.
In fact, Hoi Hup has already clinched several building accolades and awards in acknowledgment of its standards of built quality. Including BCI Asia’s Top 10 Developers Awards for the years of 2012, 2013, 2017 and 2018.
About Sunway Developments Pte Ltd (“Sunway”)
Sunway Developments is a fully-owned subsidiary under the Sunway Group, a Malaysian conglomerate or MNC.
The primary business areas of the group include property investment and development, supply of building materials, design and building construction of mega-projects (like Sunway City), hospitality, real estate REITs, leisure, education, and information technology.
Sunway is also one of Singapore’s leading concrete pre-casters. It has been involved in both public and private sector work, and undertaken a number of Design & Building projects. Such as at The Meadows @ Punggol, and Ikea @ Tampines.
The Group has won awards from international bodies such as IFAWPCA and FIABCI for its work.
Ki Residences Location · Features
Location. The Ki Residence location is along Brookvale Drive in the Sunset Way estate off Clementi Road. This is a private low-rise residential enclave that is just across from the junction of Clementi Road with Holland Road.
In fact it has something of the feel and ambience of the Holland Road / Upper Bukit Timah neighbourhood as well.
F&B, Supermarkets, Shops, Banks, MRT station. The Ki Residences location enjoys a high level of seclusion and privacy. Far from the crowds and buzz and noise. Which also means it is not within close proximity to major shopping malls or transport nodes.
Of course on the way in via Sunset Way, there are some neighbourhood shops at the ground level of the HDB blocks. Housing some bakeries, cafes, clinics, and hair salons. A large part of it has evolved into a sort of food haven. And there is even a small neighbourhood mall, Clementi Arcade.
But other than that, you would need to make your way out to Holland Village or Clementi Town Center, or Bukit Timah Plaza up the road for more heavy-duty shopping.
Schools & Academic Institutions. This must be one of the strengths of the Ki Residences location. It is right in the midst of the education belt here, that starts from the schools of Bukit Timah, and Ngee Polytechnic at the north end of Clementi Road.
Down south to campuses like University Town and the National University of Singapore at Kent Ridge, the Singapore Polytechnic campus, the United World College of South-East Asia. And several other noteworthy educational institutions, from pre-schools to tertiary institutions.
Nature Parks & Recreation. The Ki Residence location is somewhere midpoint between two major nature parks. The Bukit Timah Nature Reserve is within 5 minutes drive north, and the Southern Ridges Green Belt is about 10 minutes drive south of the site.
Accessibility. It might lack an MRT station within walking distance, but in terms of driving time and distance, Ki Residences scores quite well. It is not too far from Orchard Road and the CBD, which is why Clementi is one of pricier HDB estates.
Driving north on Clementi Road, you can get onto the PIE (Pan-Island Expressway) in about 5 to 6 minutes. While southwards, it takes less than 10 minutes to get onto the AYE (Ayer-Rajah Expressway). Both lead quickly to the rest of the expressway network criss-crossing the island.