Sim Lian Preview Emerald Katong Nov 1
Sim Lian Group has announced that the highly anticipated Emerald of Katong will be available for preview on Nov 1, with sales to officially commence on Nov 16. This 99-year leasehold condo boasts a prime location on Jalan Tembusu, just off Tanjong Katong Road and within a short five-minute walk to Tanjong Katong MRT Station on the Thomson East Coast Line.
The development offers a total of 846 units, ranging from one-bedroom-plus-study apartments to spacious five-bedroom residences, with sizes ranging from 484 sq ft to 1,561 sq ft. Notably, Emerald of Katong has adopted the new gross floor area harmonisation initiative, which excludes air conditioner ledges from the strata area, resulting in maximised usability and efficiency, according to Sim Lian.
Kuik Sing Beng, executive director of Sim Lian Group, shared his vision for the project, stating, “Our aim is to create a home where residents can experience maximum comfort, enhanced connectivity, and a sense of community in the modern Peranakan district of Katong.”
For those interested in buying a unit at Emerald of Katong, they can search for the latest new launches to stay updated on transaction prices and available units.
The stunning development occupies Parcel B on Jalan Tembusu, a site that Sim Lian successfully acquired for $828.8 million or $1,069 psf per plot ratio in July last year.
Emerald of Katong is situated next to the impressive Tembusu Grand, a 638-unit condo project jointly developed by City Developments and MCL Land. Launched in April last year, Tembusu Grand has already sold 521 units (82%) at an average price of $2,459 psf. Interested buyers can check out the latest listings for Emerald of Katong and ask Buddy for more information.
In addition, EdgeProp’s LandLens feature provides details on the project’s location, while also displaying other new launch condos in District 15. With the tool, buyers can generate a price trend graph for a new launch condo in the area and browse through condo rental listings in District 15. They can also view a list of condo projects with the most expensive average PSF and the most unprofitable condo transactions in the past year.
The Orie CDL-led consortium has taken the potential buyers by surprise by submitting an impressive bid of $1,360 per square foot per plot ratio (ppr) for the latest land parcel in Toa Payoh. This bid was a notable 18% higher compared to the second-highest offer of $819.99 million ($1,153 psf ppr) from Tanglin Land, a subsidiary of CapitaLand. This successful bid is a significant milestone, being the first tender for a Toa Payoh site in eight years, since the development of Gem Residences. The consortium, headed by The Orie CDL, has certainly made a strong impression with their enticing offer for this highly coveted land parcel.