Artist’s impression of The Alps Residences, which features an Alpine design theme. Source: MCC Land
The Alps Residences, a 626-unit condominium at Tampines Street 86, will open for preview this Saturday (24 September), said Chinese developer MCC Land. Property agencies ERA and Huttons are marketing the project.
MCC Land paid $227.78 million ($482.59 psf per plot ratio) for the hotly contested site in 2015, which attracted a total of 12 bids.
The 168,567 sq ft site will contain nine residential towers, designed with a Swiss Alps theme.
“We specially engaged a Switzerland-based architectural firm to create a tropical home with Alpine inflections,” said Tan Zhiyong, Managing Director of MCC Land.
These include a clubhouse with a gabled roof similar to those seen in Swiss chalets, and balconies with snowcap design motifs.
There are one- to four-bedroom apartments and penthouses available, with sizes ranging between 441 sq ft and 2,486 sq ft. Around 66 percent of the units are two- and three-bedrooms measuring from 689 sq ft to 1,087 sq ft.
PropertyGuru understands that prices haven’t been finalised yet, and will depend on the response seen at the preview. However, prices are expected to start in the $400,000 range for a one-bedder, which translates to just over $900 psf.
There will also be two shops of approximately 680 sq ft each, which will cater to the needs of residents and those living nearby. In addition, 104 bicycle parking lots will be installed for residents to encourage and facilitate cycling.
The Alps Residences is close to Tampines MRT station, which will become an interchange for the existing East-West Line and the upcoming Downtown Line Stage 3 in 2017. Other nearby amenities include shopping malls, schools and a hospital.
The 99-year leasehold project is expected to obtain its TOP in 2020.