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Face of Redhill to change with more condo projects

 
Published on Oct 13, 2012
6:00 AM
Property analysts are expecting more condo projects in the area, which now includes condos such as (from left) the beige-coloured Tanglin Regency, Ascentia Sky, which is still being built, and The Metropolitan. -- ST PHOTO: JOYCE FANG

Think Redhill and a plethora of car showrooms as well as blocks of public housing probably spring to mind. But a dramatic increase in private housing in this city-fringe neighbourhood is set to modify the area's image.

Until recently, interest focused mainly on the 1,000 or so completed condominium units at four projects there.

But three upcoming projects will more than double that figure by adding more than 1,500 units.

Of the three, only one - the 373-unit Ascentia Sky - has been launched. As of August, it was more than 98 per cent sold, at a median price of $1,398 per sq ft. The other two projects will be built in Alexandra Road and Prince Charles Crescent, on sites sold earlier this year, property analyst Lee Sze Teck noted.

Background story

Compared to nearby estates like Tiong Bahru and Queenstown, Redhill boasts the lowest median resale prices so far this year, at $1,350 psf.

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