Arena Residences - Geylang New Launch Condo is about to be completed next year.
One of Geylang new launch condo developed by Roxy-Pacific Holdings is listed in Singapore as Arena Residences. With expected completion in August 2022, it means less than 1 year before the project will be launched and put into operation. Arena Residences occupies a 2,457.7-square-foot vacant lot, which is a combination of four properties at 2 and 6 Guillemard Lane, as well as 12 and 14 Guillemard Lane. According to Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, it was a rare freehold site in the eastern region of Singapore.
Most condos in the neighborhood, especially the Dakota area, have traditionally been 99-year leasehold. The last launch of a freehold project in the Guillemard area was a decade ago, namely the 45-piece Cosmo project in 2008 (completed in 2012), and preceded that with the launch of 44 Nicole's. Green in 2001, with the project completed in 2002. Arena Residences is a rare freehold project, next to Mori Condo, one of the Geylang new launch condos also owned by Roxy Pacific Holdings.
Arena Residences - Geylang New Launch Condo is about to be completed next year
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Arena Residences - Geylang new launch condo has a convenient location
Attributes of the Geylang new launch condo include its connectivity, Teo notes. The CBD and Orchard Road are just a seven- to 10-minute drive away from the development via the Central Expressway, East Coast Parkway, Kallang Paya Lebar Expressway and Pan Island Expressway.
Arena Residences is a Geylang new launch condo that is also located within 500m of Mountbatten MRT station, or a five-minute walk away. It just takes you 2 MRT stops from the Paya Lebar commercial hub and the Paya Lebar MRT interchange station for the East West and Circle Lines. The CBD is just three MRT stops away, and Marina Bay, just four stops away.
For people enjoying an active lifestyle, the world-class sports facilities at Sports Hub are in the neighborhood which is just one stop from Mountbatten MRT station. Likewise, the Old Airport Road Food Centre, which boasts many famous hawker stalls, is less than a 10-minute walk away from the development.
The 14-storey Arena Residences - Geylang new launch condo will tower over other projects in the neighbourhood
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Arena Residences - Geylang new launch condo with efficient layout and attractive pricing
Expected to be complete next year, Arena Residences comprises a mix of two- and three-bedroom units that start from 549 and 807 sq ft, respectively. Two-bedroom units account for 40% of the total units, while three- and three-bedroom dual-key units make up the remainder. The price for 2-bedroom apartments of the condo start from $970,000, while those of three-bedroom units start from $1.386 million. Mr. Teo said that was very attractive and affordable in terms of absolute prices.
He pointed to other freehold projects launched in the Meyer Road, Amber Road and Tanjong Rhu area that have been priced above $2,200 psf. Meanwhile, Arena Residences will be priced from $1,694 psf, which Teo says is competitive with other cityfringe projects near MRT stations.
The drop-off point at Arena Residences - Geylang new launch condo by Roxy Pacific Holdings
Roxy-Pacific has launched projects in Singapore so far this year. Arena Residences is one of those. Teo say that they had achieved positive sales for their new launches that year and they believed that would continue despite the new cooling measures.
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