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THE LANDMARK CONDOMINIUM

Here we present the Landmark, an upcoming 396-unit high-rise residential development set to launch for sale in mid-November 2020. It will occupy the site of the former Landmark Tower at Chin Swee Road.

Former Landmark Tower on site of The Landmark  . Unobstructed Views of the City

Former Landmark Tower on site of The Landmark . Unobstructed Views of the City

The Landmark condo is being developed by Landmark JV, a joint venture of ZACD Group, SSLE Development, and Singapore-based MCC Land.

This 99-year leasehold project is perched on top of Pearl’s Hill City Park, between Outram and Havelock on the fringe of the CBD.

The Landmark Tower at Pearl's Hill

The Landmark Tower at Pearl’s Hill

It will comprise a single 39-storey tower block housing a mix of unit types, from one to three bedroom apartments. Sizes of these range from 495 sq ft for the smallest, to around 1,141 sq ft for the largest.

The Landmark Singapore City Skyline View

The Landmark Singapore . City Skyline View

With its advantage of an elevated position, the Landmark condominium will get unobstructed views of the park and city skyline. The developers chose the site for this reason, as it provides an opportunity to create something that offers ‘urban city living next to a green park’.

The Landmark Condo . South View from Level 38

The Landmark Condo . South View from Level 38

Not many projects in land-scarce Singapore get to enjoy so much greenery on its doorstep, with open views thrown in, especially so close to the city centre.

The Landmark Pearl's Hill Clubhouse View

The Landmark Pearl’s Hill Clubhouse View

The architects are Swan & Maclaren, the oldest architectural firm in Singapore, with a long track record.

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Connectivity

The main drawback here is that there is no MRT station next door. Probably the closest on foot is Chinatown station.

By cutting across Pearl’s Hill Park and down Upper Cross Street, you could get there in about 7 to 8 minutes.

And it makes up for the lack of closeness to a station, by offering other choices if you don’t mind a longer walk. There is Clarke Quay station (and Clarke Quay itself) within 11 to 12 minutes.

There is also Outram Park station a similar distance away, by the main road. But if you could cut across Pearl’s Hill southwards, you could get there faster. Especially if you enter via the nearest entrance of the Thomson-East Coast MRT Line (TEL).

Outram Park Station Thomson-East Coast MRT Line . Exits Marked with Orange Boxes

Outram Park Station Thomson-East Coast MRT Line . Exits Marked with Orange Boxes

Outram Park station is one of the very few triple-line interchange stations around. It connects the East-West, North-East, and Thomson-East Coast lines, allowing for greater flexibility. This stage of the Thomson line is set to start running in 2021, way before the Landmark condo completes.

It has the advantage of bringing residents on a direct line, within 3 to 4 stops, southwards to the Raffles Place / Marina Bay business district and northwards to Orchard Road.

Video of the former Landmark Tower on the site

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Market Factors

The closest comparison is probably One Pearl Bank, that is situated on the other side of Pearl’s Hill City Park. This is also a 99-year leasehold project, and launched in July 2019.

As of November 2019, it had sold 242 units at an average pricing of $2,387 PSF. It should be noted that One Pearl Bank has the advantage of being nearer to Outram Park MRT station.

The Landmark Condo Location View . Neighbourhood

The Landmark Condo Location View . Neighbourhood

However, the Landmark condo is likely to have the advantage of more competitive pricing. For buyers who are cost-conscious, this could present a viable alternative.

Especially as it still enjoys the other locational attributes that made One Pearl Bank one of the most successful launches of 2019.

Apart from its proximity to the CBD, The Landmark condo’s appeal lies in its proximity to the Singapore River and Robertson Quay, as well as Chinatown and Tiong Bahru. These areas each offer their own attractions, with some having gentrified into lifestyle precincts with lots of popular dining places and a flourishing night scene.

The Landmark Singapore Skyline View

The Landmark Singapore Skyline View

The Landmark Condominium . Panoramic City Views by Night

Close at hand, we also have the Singapore General Hospital (SGH). There is a 20-year master plan to expand this into a larger medical complex, that will become a major healthcare hub.

This proximity to the future SGH campus should attract investors, as seen in other similar cases. The medical professionals and ancillary healthcare staff there are likely to constitute a strong potential tenant pool in future.

The Landmark Condo at Outram

The Landmark Condo at Outram

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    Project FactSheet

    Name The Landmark
    Developer Landmark JV Pte Ltd
    (Joint Venture of ZACD Group + MCC Land + SSLE Development)
    Status Condominium (Foreigners eligible to buy)
    Address 173 Chin Swee Road, Singapore 169897
    District 02
    Site Area 6,706.8 m² (72,192 sq ft)
    Floor Area 26,256 m² (282,624 sq ft)
    Plot Ratio 4 (Gross 4.25)
    Tenure 99 years from 28th August 2020
    Official T.O.P. Date 30 March 2025
    No. of Storeys 39
    No. of Units 396
    Car Parking Basement Car Park Spaces – 315
    Open-to-sky Surface Carpark Spaces – 2
    Handicap Accessible Spaces – 4
    Description 1 block of 39-Storey Condominium Development comprising Basement Carpark, Communal Facilities and Swimming Pool on Lot(s) 00269P. 00270W, 00599T & 00601N of Town Subdivision 22 at 173 Chin Swee Road
    Architect Swan & Maclaren Group Pte Ltd
    Landscape Architect Swan & Maclaren Group Pte Ltd
    M&E Engineer United Project Consultants Pte Ltd
    C&S Engineer KTP Consultants Pte Ltd
    Project Account UOB Ltd for Project A/C NO. 4513108294 of Landmark JV Pte Ltd
    Developer’s Solicitor Rajah & Tann Singapore LLP


    The Landmark Floor Plans

    Shown here are example Landmark condo floor plans. Kindly let us know via the Contact Form below if you would like the full floor plans brochure to be emailed to you.

    The Landmark Floor Plan . One Bedroom Type A2

    The Landmark Floor Plan . One Bedroom Type A2

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    The Landmark Floor Plans . 2 Bedroom Standard Type B3

    The Landmark Floor Plans . 2 Bedroom Standard Type B3

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    The Landmark Condo Floor Plan . 3 Bedroom Type C2

    The Landmark Condo Floor Plan . 3 Bedroom Type C2

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    The Landmark Condo beside Pearl's Hill

    The Landmark Condo beside Pearl’s Hill

    The Arrival Drop-Off

    The Landmark Condo . Arrival Drop-Off

    The Landmark Condominium Pool facing Pearl's Hill Park

    The Landmark Condominium . Pool facing Pearl’s Hill Park


    The Landmark Condo Site Plan

    The Landmark site is an irregular-shaped parcel of land fronting Chin Swee Road. It is backed against Pearl’s Hill, with the Pearl’s Hill City Park just beside it, sweeping round from its east to its south.

    So on this side it enjoys quite panoramic open views, at least 180° wide. Lower floor units facing this way see the greenery of the park, or perhaps overlook the bush and tree tops. While high floor units get views to the distance, over the rooftops of Chinatown to the CBD city skyline and beyond.

    Even on the north and north-west there is a relatively open outlook, since it faces the road with the CTE tunnel below that. Given the distance across, there could be pocket views to Robertson Quay and River Valley for high floor units on this side.

    Altogether, the views at night are quite something.

    The Landmark Singapore Park View by Night

    The Landmark Singapore Park View by Night

    Night View West from Level 38

    The Landmark Singapore . Night View West from Level 38

    The Landmark Condominium . Night View Southwards from Level 38

    The Landmark Condominium . Night View Southwards from Level 38

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    The Facilities

    The Landmark Site Plan . Level 1

    The Landmark Site Plan . Level 1

    There are several levels of facilities, at levels 1 (ground), 2, 14, 34, and the roof level.

    The Landmark Condo Site Plan . Level 2 and 14

    The Landmark Condo Site Plan . Level 2 and 14

    The sky lounges at level 34 and the roof level will certainly provide panoramic views around.

    The Landmark Site Plans . Level 34 and Roof

    The Landmark Site Plans . Level 34 and Roof

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    Building coverage on the site is just 40%. Leaving 60% for landscaping and facilities.

    Play Pool against Backdrop of Pearl's Hill Park

    Landmark Condominium Play Pool against Backdrop of Pearl’s Hill Park

    Sky Terrace View

    The Landmark Condo . Sky Terrace View

    View from the Gym

    View from the Gym


    The Landmark Condo Showflat · Viewing

    The Landmark showflat is taking viewing appointments now. (Note: all viewings are by advance appointment only.)

    Please drop us a note in the Contact Form if you wish to register for a viewing slot.

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    Unit Types that will be represented in the Landmark showroom
    . One Bedroom . Type A1 . 48 m² . 517 sq ft
    . 2 Bedroom . Type B3 . 63 m² . 678 sq ft
    . 3 Bedroom . Type C2 . 106 m² . 1141 sq ft

    Ceiling height will be around 2.9 metres for the main rooms, and around 2.4 metres for corridors, kitchen, bathrooms, and so on.

    Branded fittings. Kitchen appliances will be by Miele. Main bathroom fittings will be from Gessi.

    The Landmark Showflat . Living Room

    The Landmark Showflat . Living Room

    The Landmark Showflat . One Bedroom Unit

    The Landmark Showflat . One Bedroom Unit

    The Landmark Sales Gallery . Living Room

    The Landmark Sales Gallery . Living Room

    The Landmark Showroom . Master Bedroom

    The Landmark Showroom . Master Bedroom

    Walk-in Wardrobe

    The Landmark Condo Showflat . Walk-in Wardrobe

    Bathroom Fittings

    The Landmark Condo Showflat . Bathroom Fittings


    The Landmark Prices · Unit Types

    The Landmark Condo Price . Unit Types & Sizes . Click to Open / Close

    UNIT TYPES . SIZES

    Unit Description Type No. of
    Units
    Strata Area
    (sq m)
    Strata Area
    (sq ft)
    1 Bedroom A 144 46 – 48 495 – 517
    2 Bedroom B 180 63 – 71 678 – 764
    3 Bedroom C 72 100 – 106 1,076 – 1,141
    Total Number of Units 396

    Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.

    The Landmark Pricing . Click to Open / Close

    THE LANDMARK PRICE RANGES

    Indicative Landmark pricing starts from $9xxK up for one bedders, $1.2xM up for 2 bedders, and $2.3xM up for 3 bedders.

    Please drop us a line via the Contact Form if you wish to know specific prices when ready.

    The Landmark Price Background . Click to Open / Close

    The Landmark condo’s site area is 60,822 square feet. The land is zoned “residential” with a plot ratio of 4 under the URA Master Plan. This works out to a permissible GFA (Gross Floor Area) of close to 243,288 square feet.

    At the SGD$286 million that the developer paid for the site in May 2018, together with a lease upgrade premium of around SGD$57 million, the land costs roughly SGD$1,406 per square foot per plot ratio (PSF PPR).

    After adding the development, construction, financing and marketing costs, the break even could work out to about $1,960 PSF PPR.

    This is roughly $130 PSF lower than the break even for One Pearl Bank.

    Which is expected to translate to a lower selling price for this project, compared to the close-to-$2,400 PSF average that One Pearl Bank transacted at.


    About the Developer

    The Landmark condo is being developed by Landmark JV, a collaboration led by ZACD Group with its joint-venture partners MCC Land and SSLE Development.

    MCC Land is the Singapore-based property development arm of a Chinese state-owned enterprise, the MCC Group. SSLE Development, on the other hand, is an investment vehicle of construction company Sin Soon Lee, and its real estate development arm, Elitist Development.

    The ZACD Group and SSLE Development together own a 70% share of Landmark JV, while MCC Land holds the remaining 30% stake.

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    About the ZACD Group Limited (“ZACD” or the “Group)

    ZACD Group was established in 2005. Over the last three years, the Group has re-positioned itself into a property development & management, asset management, fund management and financial services company.

    It is now an integrated asset manager headquartered in Singapore and listed in Hong Kong, that offers integrated solutions spanning the real estate value chain, across the Asia Pacific.

    Powered by a management team with in-depth experience & knowledge in real estate & finance, the Group has a reputation for identifying and seizing opportunities early, to capture first-mover advantages in advance of market cycles.

    While the Landmark condo is the first development where ZACD has taken a leading role, it has for some time held smaller stakes in several residential projects. These include JadeScape in the Thomson-Marymount area, Le Quest in Bukit Batok, Parc Centros, Flo Residences, Vue 8, iNz Residence, and RiverParc Residence.

    Artist's Impression . The Jadescape Condo

    Artist’s Impression . The Jadescape Condo

    ZACD has also made a series of investments overseas, in Malaysia, and particularly in Australia. These range from commercial buildings to serviced apartments, and a portfolio of hotels across major cities in Australia.

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    About MCC Land (Singapore) Limited (“MCC Land”)

    Established since 2010, MCC Land has played an active role in Singapore’s real estate scene. It has developed five projects, co-developed two projects, and manages five others. The company has been ranked among Singapore’s top 10 developers for three years running, and has won an “Asia’s Top Influential Brands” award.

    Among local developments that MCC Land has had a hand in, are ones like Poiz Residences at Potong Pasir MRT station, Canberra Residences, The Canopy, The Nautical and One Canberra.


    The Landmark Location · Features

    The Landmark Location Map View

    The Landmark Condo Location Map View

    1. Location. The site is perched on the north-western side of Pearl’s Hill, in the Havelock-Outram-Chinatown neighbourhood. This is situated on the fringe of the Central Business and Financial District, at the Tanjong Pagar end of it. It is also not far from Orchard Road, about 5 minutes drive via Clemenceau Avenue.
    2. Retail, Dining, Banks, Supermarkets, Hotels. The Landmark location is around 7 minutes walk across Pearl’s Hill Park from Chinatown. There are lots of older shopping centres here, including People’s Park Centre, People’s Park Complex, and Chinatown Complex. The first two are prime candidates for en bloc sale and redevelopment or rejuvenation.

      Meanwhile there is always the Orchard Road shopping belt 5 minutes drive away, for more upmarket shopping and dining experiences. And closer at hand, residents can take a 10 to 15 minute walk to Liang Court, or Clarke Quay with its wide array of eateries.

    3. Nearest MRT Station. From the site, the quickest walk to an MRT station is by cutting across a corner of Pearl’s Hill City Park, to Pearl’s Hill Road and Upper Cross Street, to Chinatown station on the North-East MRT line. That should take roughly 7 to 8 minutes.

      Alternatively, if you cut across the park southwards to Outram Park Road, you could possibly get to the nearest Thomson-East Coast Line entrance of Outram Park station in about the same, or even shorter time.

      The advantage of this is that it is an interchange station that connects three MRT lines. The North-East Line, the East-West Line, and the Thomson-East Coast Line slated for completion by 2021 (for this stage).

    4. Lifestyle Destinations. Not too far from the Landmark condo location, is the future Greater Southern Waterfront city, around the corner down Cantonment Road.

      This is one of the grandest visions to come out of the URA Master Plan, that will extend the CBD westwards, past Tanjong Pagar towards Pasir Panjang. It will be a lifestyle destination too, with lots of dining and shopping options, and a 30 KM long waterfront promenade. With a green corridor running from Gardens by the Bay, to Labrador Park.

    5. The Greater Southern Waterfront Footprint

      The Greater Southern Waterfront Footprint . Source: URA

      Proposed Greater Southern Waterfront . 10 minutes drive from Landmark Condo Location

      Proposed Greater Southern Waterfront . 10 minutes drive from the Landmark Location

    6. Accessibility. The Landmark location is in the Core Central Region, on the fringe of the CBD and the Orchard Road area. It should appeal to investors who want to tap the tenant pools in these locations. It also offers fast access from and to the expressway network via the Central Expressway (CTE) just down the road.


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