Rising on at east coast is the newest condominium project Straits Mansion by reputable Roxy Capital, an established developer engaged in developing residential and commercial properties. The developer purchased Straits Mansion sites for S$21.5 million, since it is one of the last few remaining bungalows that can be developed into flats in the East area.
Throughout the period they posted the highest capital gains, the 99-year leasehold cluster homes registered the least transactions having sales of 1,125, while the freehold cluster homes posted 1,492 sales. The best number of transactions at 11,356 sales was recorded by Freehold landed homes with individual land title and the counterpart 99-year leasehold posted 2,051 sales.
Straits Mansions Showflat will feature 25 exclusive resort style residential units of 2 bedroom, 3 bedroom, 4 bedroom and 5 bedroom units with various sizes ranging from 721 sqft to 1464 sqft. Homes having land tenures of 99 to 105 years were grouped under 99-year leasehold, while the land tenures more than 105 years were cover by freehold category. It is a freehold project covers the area of 19, 474 sq ft with communal facilities.
Straits Mansions is a former bungalow and zoned for 5 storey residential flat development, well situated 5 minutes walk away from 2 popular shopping destination in Katong area, the Parkway Parade and 112 Katong. Singapore's most precious urban getaways the East Coast Park is also within a short stroll away from the project.
This freehold site by Roxy Pacific is well connected via major expressways including East Coast Parkway Expressway (ECP), Kallang-Paya Lebar Expressway (KPE) and Pan Island Expressway (PIE). With its great location neighbouring various amenities and upcoming Thomson East Coast Line, Straits Mansions will be another worthy investment.