The investment holding company Tuan Sing Holdings Limited has just launched a 7-storey condominium building named Kandis Residence. Situated in district 27 and along Sembawang Road, Kandis Residence is a complete residential building equipped with an assortment of accommodation types including (12) 1-bedroom units, (70) 2-bedroom units, (14) 2-bedroom with study units, (21) 3-bedroom units, and (13) 3-bedroom with study units. Rooms are characterized by elegant and spacious floor plans and high ceilings, perfect for an abundance of creative input for the interior decor.
Evident from the showcase models, one can transform the rooms into one of many different options of design. Included in the residence’s vicinity is a carpark with a capacity of 130 basement lots with 4 handicap lots. Tuan Sing Holdings’ residential property is favorably estimated at $48 per share value and has an estimated TOP of 2021. Covering an area of about 75,832 sq ft., Kandis Residence comes with a 99-year leasehold.
The Developer: Tuan Sing Holdings Limited
Tuan Sing Holdings Limited, the investment holding company responsible for Kandis Residence, invests in a myriad of business opportunities such as technologies, industrial services, and hotels as well as residential properties.
With a vision of “creating a clear distinction,” the company has had roots from way back since 1969 when it was first incorporated as Hytex Limited. Back then, the company focused on the manufacturing of polypropylene bags but was then renamed to Tuan Sing Holdings in 1983, when it was reconstituted as a dedicated investment holding company. Since then, the company has grown by taking in other companies, gaining a mass of assets, and winning awards and certifications.
Only the best should be expected from the company when it comes to a property with Tuan Sing Holdings. They own property in Singapore for a variety of residential, commercial, and industrial uses. In 2015, the company was ranked 10th out of 639 listed companies in the Singapore Governance and Transparency Index 2015. In 2016, it moved up to 7th.
To ease the minds of potential investors, a similar project nearby can be used as a prime example of Kandis Residence’s potential. In close proximity to the Tuan Sing Holding property is the Straits Gardens, located just a couple of blocks from the Sembawang Park.
Completed in 2005, the Straits Gardens is a small condominium building with rather spacious accommodations of 4-bedroom apartments up to 7-bedroom apartments for a total of 67 units.
The building is in a freehold tenure. The transaction price for just the year 2016 averages at S$1,800 psf. When the transaction prices are reviewed, one can see little change over the course of several years, showing signs of economic stability in the real estate business.
Another nearby condo building is The Shoreline Residences II. Completed in 2012, the residential building has 5-bedroom and 6-bedroom type units for this 99-year tenured building. The financial success of this building is also comparable to the Straits Gardens with an average transaction price of around S$1,900 psf. If the success of the nearby developments will be any indication of the future of the Kandis Residence, then it is a sign of positivity. These prices will only go up in the next few years with the progress of the surrounding area.
In addition to Tuan Sing Holdings’ excellent history and reputation, Kandis Residence is nearby everyday essentials such as schools, shopping centres, markets, and convenience stores. Just in the vicinity of the Kandis Residence are three schools: Sembawang primary School, Sembawang Secondary School, and the Sir Manasseh Meyer International School.
This is a common positive sign for investors because having property near schools increases the local economy significantly. Schools tend to increase traffic in nearby areas due to the influx of both children and adults. Schools also tend to be a good sign for residential buildings because schools bring in families, and many families prefer their children having short commute rides.
Another establishment that is in the vicinity of the Kandis Residence is the Sembawang Shopping Centre. Just like schools, shopping centres also contribute to increasing foot traffic and boosting the local economy, driving up the prices for nearby accommodations such as the Kandis Residence. Shopping centres also bring in hundreds of workers who might prefer to live closer to work such as the Kandis Residence. The shopping centre also improves nearby residents’ living experiences by adding the convenience of having a dedicated place for products and services nearby.
The residential project of Tuan Sing Holdings will be on the right path of the local area’s government master plan.
Firstly, the condo will be providing additional residential options for the citizens of Singapore. Furthermore, the Kandis Residence will be providing more accommodations for people who might be working in the Kandis Residence Sembawang area for a shorter commute.
Aside from benefitting the residents, the Kandis Residence Condo will also be benefitting the government in a major way. By adding another residential building in the heart of Sembawang, Tuan Sings Holdings shortens the bridge between the citizens’ homes and their places of work.
With the future plans for adding more amenities for the local area such as neighbourhood parks, sports facilities, and additional transportation infrastructure (such as a new MRT station), the area will be booming with an influx of progress that will be met with more workers in need of nearby residences for themselves and their families. In turn, these plans will benefit the Kandis Residence because of the boost in the economy and the strengthening of the value of retail investments.
Call for a Price List
As exemplified by Singapore itself, the Sembawang area is on a path of progress and economic success.
With the guidance of the government’s master plan and the addition of several amenities and facilities, the Kandis Residence will soon be a part of the area’s skyline. With an estimated completion date of 2021, the time to invest will go by quickly for this 7-storey condo building.
If interested in the project, do not hesitate to reach out and call now for the price list. The Sembawang area will definitely flourish in the coming years, and the Kandis Residence will surely contribute to its overall success.