New Futura | Orchard new Condo | Leonie Hill | CDL
New Futura is a brand new ultra luxurious condominium located in one of the most prestigious address, Leonie Hill in District 09. The rare Freehold condo will be developed by an equally influential developer City Developments(CDL). The new Leonie Hill condo will feature 124 luxurious residential units housed in 2 prominent towers at a staggering peak of 36 storeys with common basement car parks and communal facilities.
Sitting on a good sized land of 87094 square feet, New Futura location is exquisite. It is within good proximity to the main Grange road and surrounded by other luxurious private condominiums. Apartments such OUE Twin Peaks, Leonie Parc View, Leonie Condotel, Leonie Hill Residences and Horizon Towers are all brimming with gorgeous landscape soothing to the eye of residents in New Futua condo.
It was noted that the collective sale was initiated by both El-Ad Group and City Developments during late 2006. However, the Israel-based American firm later sold its 50% stake to CDL. Previous condo development Futura has only a sole tower of 69 apartments that comes with private lift lobbies and designed with rounded, spilt- level living & dining with curved walls, huge kitchens and bathrooms.
The New Futura site is bought over as a collective sale for $287.3 million or at $1,179 per square foot per plot ratio. It will have a wide range of unit mix of two, three, four and five bedroom penthouses from 1098 sq ft to a whopping 7825 sq ft with private lift access in every unit. Industry experts noted the relatively limited new condominium projects in the Core Central Region(CCR) will drive demand and prices up. The New Futura price is approximated to start from $2700 per square foot (psf). This estimate is due to the recent launch of Martin Modern by Guoccoland that saw overwhelming response by buyers at an average price of $2300 psf with 99 years tenure. The launch at Martin Place, Robertson Quay has a slightly inferior location and thus the New Futura psf estimate can be justified.
Besides the successful launch of Martin Modern condo, analysts believe that buyers are coming back to the market sighting the high liquidity and the relatively low housing supplies presently. Also from the excellent sales in premium market properties such as Gramercy Park(also by CDL) that saw pricing from $2600 to $2800 psf, it is safe to comment that the New Futura price of $2700 psf is fair considering its location is the closest to Orchard shopping belt among the rest.
The New Futura TOP date is expected come extremely soon in the final quarter of 2017. This comes as a good news to buyers as they will be able to attain near immediate occupation upon the completion of purchase. Home stayers can move in with their families and investors will be able to rent out immediately and not lose out on rental opportunity cost during the construction phases.
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Why New Futura?
- Educational Institutions – New Futura condo is home to a wide array of local and international schools to serve residents or expatriates tenants. Educational Institutes nearby such as River Valley Primary School, Alexandra Primary School, Anglo Chinese School(Junior), St. Margaret’s Primary School, Zhangde Primary School, Outram Secondary School, Raffles Girls’ School(Secondary), Gan Eng Seng School, School of Arts, Singapore and Crescent Girls’ School are among those local schools you can find within 2 km radius. Catering to expatriates and foreign residents New Futura Singapore, there are also many International schools in the precinct such as Finnish Supplementary School @ Paterson Road, Norwegian Supplementary School, Swedish Supplementary Education School, Swedish Supplementary School, ISS International School(Elementary & Middle), Chatsworth International School Orchard Campus, Eton House International School(Claymore), Eton House International School(Outram), Nanyang Academy of Fine Arts(Campus 1) and Academy of Fine Arts(Campus 2).
- Seamless Connectivity – New Futura location is superb beyond doubt. This is especially true for tenants or home occupiers who commute by way of public transports. The nearest MRT station is about 500 meters away at Somerset that serves the North-South line and Orchard station that serves the upcoming Thomson-East Coast Line other than North-South line. Exceptionally for New Futura Leonie Hills, it has many more MRT stations within close proximity such as the Great World MRT, Havelock MRT, Napier MRT, Orchard Boulevard MRT serving the Thomson-East Coast Line, Fort Canning MRT, Newton MRT, Bencoolen MRT, Little India MRT and Chinatown MRT serving the Downtown Line and Dhoby Ghaut Interchange that serves the Cirle Line, North-South line and North-East Line. Besides the many MRT, there are also public bus services such as number 5, 14, 16, 32, 54, 65, 75, 139, 175, 195 that connects residents to places such as the Central Business District(CBD), Marina Bay and Suntec City.For drivers, it is already a luxury to live right in the heart of Singapore’s city center where you can get to most of the places of interest within a 10 minutes driving distance. To top it up, New Futura is close to the Central Expressway(CTE) that connects us to the Pan-Island Expressway(PIE) towards the Eastern region, Seletar Expressway(SLE) towards the North and Ayer-Rajah Expressway(AYE) towards the West of Singapore. Located in the Core Central Region(CCR), it is within minutes driving distance to Central Business District(CBD), Marina Bay Sands(MBS), Suntec City, Resorts World Sentosa, Dempsey Road, Orchards Shopping Belt, Clark Quay and Holland Village.
- Shopping needs – New Futura review is phenomenal due to its closeness to Orchard Shopping Belt and the abundance of shopping convenience. There are countless number of shopping malls that comes with most of the supermarkets you can think of such as NTUC Finest, Cold Storage, Three sixty Market Place, Paragon Market Place, Jasons The Gourmet Grocer, Tanglin Market Place and even Sheng Siong Supermarket. All these can be found in shopping centers such as Ngee Ann City, ION Orchard, Wisma Atria, Wheelock Place, Liat Towers, Far East Shopping Center, Forum The Shopping Mall, Tanglin Shopping Center, Orchard Towers, Palais Renaissance, Shaw House, Royal Plaza on Scotts & T Galleria where DFS is located, Far East Plaza, Scotts Square, Tang Plaza, Lucky Plaza, Paragon, Gran Park Orchard, 268 Orchard, The Heeren, Mandarin Gallery, Cathay Cineleisure Orchard, *Scape, TripleOne Somerset, 313 @ Somerset, Orchard Shopping Centre, Midpoint Orchard, Orchard Gateway @ Emerald, Orchard Central, The Centrepoint, Cuppage Plaza, Orchard Pint, Orchard Plaza, Plaza Singapura, The Atrium @ Orchard and The Cathay which are only at the Orchard Road precinct. As the locality of New Futura Orchard is unique on its own, it is also near to suburban malls such as Tiong Bahru Plaza, UE Square and shopping mall, Valley Point, Boat Quay and Clark Quay where Robertson Walk, Central and Liang Court is located. For local delicacies, dwellers can also take a short drive down to the famous Zion Riverside Food Center, Havelock Road Hawker Center, Tiong Bahru Market and Redhill Market.
- Reputable Developer – New Futura developer City Developments is not new at all to the real estate development scene of Singapore. Established in 1963, they started off humbly with only 8 staff at a rented premise in Orchard Road. Today, they are an International real estate company listed in Singapore and possesses global presence across 26 countries. CDL’s wide portfolio of projects include residences, offices, hotels, serviced apartments, integrated developments and shopping centers spanning a floor area of eighteen million square feet globally.Here in Singapore, they have an abundance of successful past residential projects under their belt prior to New Futura. Their extensive developments include Wilkie Studio, Volari, Villas at Kew, Villa De West, Tribeca, Trevose Park, Trellis Towers, Tree House, The Solitaire, The Sail @ Marina Bay, The Rainforest, The Pier at Robertson, The Palette, The Oceanfront @ Sentosa Cove, The Glyndebourne, The Florida, The Esparis, The Arte, Tanglin Park, Symphony Heights, Sunshine Plaza Residences, Summerhill, Spring Grove, Sophia 98, Sixth Avenue Ville, Signature Park, Shelford Suites, Savoy Park, Savannah Condopark, River Lodge, Ritz Mansions, Residences @ Evelyn, Queen Astrid Park Bungalows, Pinewood Gardens, Peirce Villas, Pasir View Park, Parkshore, Park West, Park East, Parc Palais, Parc Emily, NV Residences, Nuovo EC, Nassim Park, Moonstone View, Monterey Park Condominium, Mirage Tower, Lush Lornie Gardens, Livia, Jervois Lodge, Hundred Trees, Hume Park 2 and many more!Currently, CDL is also involved in a number of projects where some are still under construction among others. Such as Gramercy Park, One Shenton, The Residences at W Singapore Sentosa Cove, Cliveden at Grange, St. Regis Residences, Forest Woods, The Venue Residences & Shoppes. Echelon, Up@Robertson Quay, Coco Palms, The Criterion and The Brownstone EC. Their current and past launches is a testament to the quality and satisfaction that CDL presents to their buyers. It is no doubt that New Futura condo will replicate their prior successes and maybe even to a whole new level.
- Full Fledged Facilities – New Futura review has it that the facilities is extremely comprehensive to cater to the wide range of dwellers within. It should have a good size 50 meters lap pool for adult swimmers and children’s play pool for the kids. There will be a gymnasium and BBQ areas for the gathering of family and friends. On top of all these, they will feature abundance of greeneries to create a tranquil environment perfect for city living.
- Low in Supply, High Demand – The supply of brand new condominium projects in the Core Central Region(CCR) has all along been limited. This is especially so for the past 3 years where the local real estate market is bleak prior to the launch of New Futura. During the property boom between year 2009 to 2013, properties in the CCR saw prices climbed 48 percent. It is only when the Additional Buyer’s Stamp Duty and tighter loan restrictions is implemented that saw the high-end market to be hit drastically.However, recent launches in this region has seen positive results and confidence from buyers. Developments such as Cairnhill Nine located right beside Paragon is fully sold, the wonderful sales of the new Martin Modern @ Martin Place and Gramercy Park injected an abundance of certainty to developers and thus CDL decided to launch their new brainchild at an estimated New Futura price of $2700 psf. Quoting from a spokesperson of CDL, they believe “prices in the high-end market are showing signs of bottoming out, with increased buying interest for luxury developments”. Also with the liquidity sighted in the market, it is definitely timely to launch this exquisite development.
- Luxurious Layout – CDL has a wide range of projects from Executive Condominiums, Luxury Condominiums and the Ultra Luxury Condominiums such as the New Futura. Their latest project will be the nearby Gramercy Park condo @ Grange Road. Also an ultra luxury condominium, their unit starts from 2 + Study with luxurious size of 1184 square feet to 1292 square feet, 3 bedrooms from 1884 square feet to 2207 square feet and 4 bedrooms from 2562 square feet to 3122 square feet.The New Futura floor plan has a similarly luxurious layout starting from 1098 sq ft to 7825 sq ft in size across 2 to 4 bedrooms.Sighting from the floor plan of Gramercy Park, it is evident that the layout design is exceptionally practical and presents a glamorous ambience when one step foot into the unit. This brand new development is suitable for buyers seeking for an abode with state-of-the-art facade that is furnished with only the most luxurious fittings and finishing, while near to the city center from the prestigious address at Leonie Hills. Allow us to arrange an appointment to view the New Futura showflat today!