MARGARET VILLE CONDOMINIUM
It is being developed and launched for sale in the 2nd quarter of 2018 by MCL Land Pte Ltd. The Margaret Ville condo sits on a corner site, and comprises a single 40 storey tower soaring high above its immediate neighbours. So much so that higher floor units may get views southwards to the Southern Ridges green belt, or north to Dempsey Hill and the Singapore Botanic Gardens.
This location is within the Margaret Drive Estate, also known as Duchess Estate that was formed as part of Queenstown satellite town, named in honour of the coronation of the present Queen Elizabeth. Several streets in Queenstown were named after members of the British Royal family, with Margaret Drive being named after Princess Margaret, the Queen’s sister.
This is a mature estate undergoing rejuvenation, and generally favoured for its proximity to the city centre. It is also bordered by some quite high-end neighbourhoods. Like the Swettenham Road Good Class Bungalow area and Dempsey Hill on its north-east, Holland Road to its north west, and the research hubs and business parks of One-North to its west.
New HDB flats in the vicinity of the Margaret Ville condo are among the most highly priced BTO flats, and some resale HDB flats have crossed the $1 million mark.
|Developer||MCL Land (Regency) Pte Ltd
(Co. Reg. No. 201512734R)
|Status||Condominium (Foreigners eligible to buy)|
|Address||20 Margaret Drive, Singapore 149312
20 Margaret Drive #01-01 Singapore 149312 (Management Office)
|Site Area||4,809.8 m² (51,772 sq ft)|
|Floor Area||22,195 m² (238,905 sq ft)|
|Tenure||99 years leasehold w.e.f. 13 March 2017|
|T.O.P. Date||31 December 2021|
|No. of Blocks||1|
|No. of Storeys||40|
|No. of Units||309|
|No. of Car Spaces||247 Car Spaces + 3 Handicap Spaces|
|Description||40-Storey Residential Flat Development (Total 309 units) with 3 Basement Car park & Landscape Deck with Swimming Pool and Communal Facilities on Lot 05097N MK 03 at Margaret Drive|
|Architect||Architects 61 Pte Ltd|
|Main Contractor||TPS Construction|
|Structural Engineer||KCL Consultants Pte Ltd|
|M & E Consultants||Rankine & Hill (S) Pte Ltd|
|Quantity Surveyor||Davis Langdon KPK (S) Pte Ltd|
|Landscape Consultant||Tinderbox Pte Ltd|
|Showflat ID||The I.D. Dept Pte Ltd|
|Developer’s Solicitor||Dentons Rodyk & Davidson LLP|
|Project Account||UOB For Project Account No. 451-306-703-2 of MCL Land (Regency) Pte Ltd|
|Bank SWIFT Code||UOVBSGSG|
MARGARET VILLE FLOOR PLANS
The Margaret Ville floor plans are available. Below are some examples.
Kindly drop us a note below if you would like the full set of Margaret Ville condo floor plans to be emailed to you.
MARGARET VILLE SITE PLAN
The Margaret Ville condo site enjoys 3 frontages. It is a corner site bounded by Margaret Drive and Commonwealth Road. It also has the advantage of mainly low rise immediate neighbours.
On its north west is Queensway Secondary School (light green marked E on the map), and a small patch of open space (olive green). On its south east are 2 churches (dark red marked W). To its north-east is residential land, but with a plot ratio of 2.1 compared to the 4.62 plot ratio for Margaret Ville. So neighbouring blocks to its north-east could be about half its height.
This means higher floor units at the Margaret Ville condo will get comparatively open views, and the whole project won’t feel too hemmed in.
MARGARET VILLE SHOWFLAT · VIEWING
Please drop us a line below if you wish to view the Margaret Ville showflat. Virtually online or advance appointments.
Showflat unit types are
. 1 Bedroom + Study Type A2
. 2 Bedroom + Study Type B3
. 3 Bedroom Type Type C2
MARGARET VILLE PRICES · TYPES
UNIT TYPES . SIZES
|Unit Description||Type||No. of Units||Strata Area
|1 Bedroom + Study||A2||39||49||527|
|2 Bedroom + Study||B3||36||77||829|
|Total Number of Units||309|
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
MARGARET VILLE PRICE RANGES
Status as at 24 May 2018 – see below for estimate pricing. Subject to change. Indicative maintenance fees are $58 per share value, before GST.
Please drop us a note below if you wish to be kept posted on the detailed prices when available.
|Unit Description||Type||Est Price (SGD$)||Share
|Est Monthly Maintenance|
|1 Bedroom||A1||$938,000 – $1,164,000||5||$290 + GST|
|1 Bedroom + Study||A2||$1,055,900 – $1,261,000||5||$290 + GST|
|2 Bedroom||B1||$1,183,400 – $1,377,400||6||$348 + GST|
|2 Bedroom + Study||B3||$1,484,100 – $1,794,500||6||$348 + GST|
|3 Bedroom||C1||$1,619,900 – $2,085,500||6||$348 + GST|
|4 Bedroom||D1||$2,163,100 – $2,522,000||7||$406 + GST|
MCL Land topped the bid at this URA land sale in December 2016, out of a strong field of 14 contenders. It lodged $238.39 million, or $997.85 per sq ft per plot ratio (PSF PPR).
Dr Lee Nai Jia, head of South-east Asia research at Edmund Tie & Company, said that while the bid may seem bullish, the Margaret Ville price is actually reasonable, due to the location of the land parcel. It is also pretty much in line with market trends for both government land and enbloc sales.
Especially seen against the next Queenstown land sale near by, at Stirling Road, that was won by Hong Kong’s Logan Property & Chinese developer Nanshan Group, with a top bid of over $1 billion, or $1,050 PSF PPR.
Break even cost for the Margaret Ville condo could be about S$1,600 PSF.
ABOUT THE DEVELOPER
MCL Land is one of the most reputable property developers in Singapore. It is a member of the Jardine Matheson Group under Hongkong Land Holdings, with an extensive track record over 40 years, of developing quality homes in Malaysia and Singapore.
Many of these are really nice projects, such as Parvis @ Holland Hill, Hallmark Residences @ Bukit Timah, The Grange, The Esta @ Amber Gardens, Este Villa @ Seletar Estate, Uber 388 @ East Coast, The Palms @ Sixth Avenue, The Peak @ Balmeg, The Estuary, and Terrasse.
MCL Land has a reputation for value and quality. It has also been very successful in recent times with its projects in the west of Singapore, like at J Gateway at Jurong Central that completely sold out at its opening day. Other recent projects include LakeVille and Lake Grande, both in the Jurong Lake District too.
MARGARET VILLE LOCATION · FEATURES
Location. The Margaret Ville location is on the city fringe, a 10 minute drive from the Orchard Road shopping belt, and near the Central Business District (CBD) and Marina Bay Financial District, as well as the future Greater Southern Waterfront City.
Shops, F&B, Supermarkets, Entertainment and Leisure. Within its immediate vicinity, it is located in a mature residential estate supported by a full range of amenities. Such as shops, food centres, supermarkets, student and child care centres, parks, sports complex, library, in the neighbourhood.
Also shopping, dining and entertainment options slightly further afield at IKEA Alexandra, The Anchorage, and Alexandra Central (a new hotel and retail development).
Nearest MRT Station. The Queenstown MRT station on the East-West line is around 550m, roughly 7 minutes walk away.
Along this line, 2 train stops up, is Vista Xchange, the corporate and business support centre of One-North. The epitome of 24/7 city-centre living, it houses high-rise offices, a business hotel, and the Star Vista retail-cum-entertainment hub with over 100 stores.
Potential Residents. The Margaret Ville location has the advantage of being close to several institutes of higher learning, research hubs and integrated business parks. Like at One-North (Fusionopolis, Mediapolis, Biopolis), Alexandra Technopark, National University of Singapore (NUS), and Mapletree Business City I and II.
One-North alone has a thriving community of more than 18,000 researchers & professionals working in public research institutions such as ASTAR (Agency for Science, Technology and Research), and business schools like INSEAD and ESSEC.
Accessibility. The Margaret Ville location is around 5 to 10 minutes drive to the Ayer-Rajah Expressway, and from there to the major highways. Also connected by MRT island-wide.
Parks and Nature Walks. Near some of the nicest nature reserves and walks in Singapore: the Southern Ridges Green belt. This walk, that stretches from Kent Ridge Park, via HortPark and Telok Blangah Hill Park, to Mount Faber Park, boasts elevated walkways in the midst of treetop greenery. With the Henderson Waves and Mount Faber Cable Car Station thrown in.