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[COMPLETED] D10 | The Crest (Prince Charles Crescent) | 4 x 5 Floors & 3 x 23 Floors | 2017

6143 Views 16 Replies 4 Participants Last post by  Mith252
The CREST a luxurious condominium located at Prince Charles Crescent, by renowned developer and architect

Located in the Tranquil Tanglin Precinct, Prince Charles Crescent fronts the Good Class Bungalows of Chatsworth & Bishopsgate Estates with close proximity to Orchard Rd & CBD, this new development will appeal to savvy investors & buyers who are seeking quality residences in a quiet & mature neighbourhood.

The Crest @ Prince Charles Crescent architecture symbolises a growing life, that of a blooming tree, surrounding a pond in a island setting the development into two zone , The Active Zone and The Tranquil Zone.

The Active Zone in located at the south of the development that offers 3 block of 23 storey high-rise tower and The Tranquil Zone at the North offers 4 blocks of 5 storey low-rise building making The Crest a timeless harmony of architecture and nature.

For More Information on The CREST Condominium
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The Crest, a condominium project located along Prince Charles Crescent saw more than 30 units sold during its first weekend sales, said media reports.

It is understood that its developers have granted options for these units.

Average prices at the 99-year leasehold project reportedly stands at around $1,750 to $1,800 psf, prior to the reimbursement of up to seven percent of additional buyer’s stamp duty (ABSD).

Notably, the reimbursement will be made to buyers after they showed proof of ABSD payment. This brings the effective price at $1,628 to $1,674 psf assuming the maximum seven percent ABSD refund on all units.

The project features 469 units in one- to five-bedroom layouts, with three 23-storey blocks and four five-storey blocks. It is being developed by Wing Tai with retail and property group Metro as well as UE E&C’s subsidiary Maxdin.

Market watchers noted that units at The Crest are generally larger by at least 15 to 20 percent compared to current market norm. One-bedroom units, for instance, average around 650 sq ft compared to around 440 to 540 sq ft in most projects, while sizes of two-bedroom units stand at around 800 to 900 sq ft compared to the usual 580 to 700 sq ft.

The project’s first weekend sales is a great contrast with that of Commonwealth Towers, which saw 175 units sold during its first day of sale on 1 May. For the whole of last month, the project moved 275 units, according to developer sales for May released by Urban Redevelopment Authority (URA).

Market watchers attributed the difference in the outcome between the two projects to the larger lump sum quantum for The Crest arising from its units being bigger.

Specifically, a one-bedder at The Crest go for $1 to $1.2 million, while a one-bedder at Commonwealth Towers costs $750,000 to $850,000.

Muneerah Bee, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email [email protected]
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^^ Thanks for the update!!
^^ Thanks for the update!! Looks like the towers have reached about 20 floors each. The structural part of the project should be done in a few months time. It is usually the M&E and facade that will take time.
^^Again thanks for the update. The pictures look great!!
Construction update (20 February 2016)

The tower in the foreground appears to have been built to its maximum of 23 storeys.
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^^ Thanks for the update. Looks like they have yet to put the water tank for that tower.
^^ Thanks for the update. I can see that they have installed the water tanks at the top of buildings.
^^ Thanks for the update. It looks like they have done the structure and now working on the M&E services as well as the gardens and landscaping.
^^ Thanks for the update. It is only the landscaping left to be completed from the looks of things.
This project has been awarded TOP by BCA. We can consider this project completed.

TOP status of The Crest by Mith252-1, on Flickr
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