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House hunters head for Seletar Hills

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It is easily overlooked but the quiet private residential enclave of Seletar Hills, with its bungalows and semi-detached houses, is poised for take-off.

The estate, nestled between major transport arteries, is on the doorstep of the upcoming Seletar Aerospace Park, perfectly placed to reap the benefits when the project is completed around 2018.

It is dominated by low-rise landed homes, mostly bungalows and semi-detached houses on freehold or 999-year leases.

Recent launches include the uncompleted Luxus Hills, which has semi-detached and terrace houses and is being launched in phases. The terrace homes were launched at $1,612 per sq ft (psf) on average this year. Other uncompleted projects include Este Villa, a 121-unit strata landed development that is fully sold.

There are only a few condominium projects in the estate. The two defining condo projects in the area are the 276-unit Seletar Park Residence and the 319-unit The Greenwich.

The Greenwich is right next to two-storey shopping mall Greenwich V, which has Cold Storage and Kopitiam.

Several other condos in the area are fairly old. Mimosa Park was completed in 1979, Nim Gardens in 1986 and Serenity Park in 1995.

Luxus Hills' developer had sold 252 out of 288 available units as at Sept 30. At The Greenwich, 313 out of 319 units were moved and Seletar Park Residence had 200 out of 276 units sold.

The aerospace park being built nearby is expected to boost demand for housing even further.

Credit from The Straits Times –10 November 2012
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