iCompareLoan Editorial Team
A stunning new executive condominium rises over the Punggol Waterway, right at the corner of Punggol Drive and and Edgedale Plains in District 19. Just a skip away from Kadaloor LRT Station, and three stops (five minutes) away from the Punggol MRT Station, a 13,564-square meter plot will soon be transformed into a welcoming residential address.
The Terrace is a 99-year leasehold by Peak Square, presenting a collection of homes for growing families. The 17-storey complex will have 825 residential units, with three to five bedrooms each. Windows open onto Sengkang West Way or Sengkang Avenue, with unobstructed views for units from the sixth floor onwards.
Your new home at The Terrace will be a chic, ultra-modern dwelling, gracefully finished in granite and marble. The spaces will also be affixed with eminent international brands such as Daikin, Mitsubishi, and Bosch.
The development will feature complete leisure facilities for you and your loved ones to enjoy. Cool off at the 50-meter free-form pool, or just lounge at the a pool deck, Have some fun with the kids at the family pool and the wading pool, or just have some quality me-time at the hot tub or the hydro spa. Live a balanced life by paying attention to your health; spend some time at the indoor gym, the fitness alcove, or the tennis court. Make sure to also take advantage of the other amenities such as the clubhouse, the function rooms, the barbecue area, the fountain, the garden trail, and the children’s playground.
The tentative date for TOP is November 30, 2017, while full completion is targeted sometime mid-2018. The development is intended to be launched by October of this year.
Punggol: An Emergent Eco-Town
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The verdant, picturesque township of Punggol has managed to maintain much of its quaint, countryside character through the years. The Terrace is right in the middle of the dramatic improvements currently going on in Punggol, as the region is being transformed into an exuberant waterfront town.
Residents will certainly benefit from all the upcoming developments, such as commercial centers that will provide more options, and government projects that will beautify the landscape. You can certainly look forward to improved transportation, new community facilities, more recreational and entertainment centers, and an explosion of work opportunities.
Punggol Waterway Park
Just nearby is Punggol Waterway Park, a lush,12.25-hectare, multipurpose area on Sentul Crescent. Suitably distanced from the hubbub of the metropolis , it’s a place where you can commune with nature and be transported to the rural charm of Old Punggol. The grounds also offer activity areas for children and adults, including a water park, exercise corners, gardens, picnic spots, and a heritage zone.
The Waterway Project
The new waterway is proposed to stretch a length of 4.2 km, running through the heart of the town and the Punggol Promenade. It will beautifully connect the Sungei Punggol and Sungei Serangoon Reservoirs.
With the goal of promoting “Green Living By the Waters”, the project will include an array of new communal facilities and activity centers. This will open up the community to enjoy the outdoors and appreciate the environment, enriching everyone’s way of life.
Waterway Point Mega Mall
One of the best things about living at The Terrace is its proximity to Waterway Point, Punggol’s upcoming waterfront shopping complex. It’s situated right next to the Punggol MRT Sation. A project of top-tier property developers Far-East Organization and Sekisui House, Waterway point will be the central shopping and leisure center for Punggol New Town. This supermall is part and parcel of the enhancements to the new and improvedwaterside township, and will be open for your enjoyment by next year.
Other Nearby Leisure Hubs
Shopping, dining, and recreation are richly offered by nearby shopping centers like Compass Point, Punggol Plaza, and Rivervale Mall. Don’t forget the upcoming developments like Seletar Mall
The site is also near Tampines Eco Green, Sengkang Sports and Recreation Centre, and Sengkang Riverside Park. Seletar Country Club, Marina Country Club, and Singapore Orchid Country Club are also within the vicinity. The upcoming Safra Club will be ready as soon as next year, featuring a host of play and entertainment amenities for children and adults alike.
Accessibility and Connectivity
The area is accessible via the Tampines Expressway and the Kallang Lebar Expressway. You can drive to the CBD , Marina Bay or Orchard Road in under 30 minutes.
If you prefer public transportation, you can take the Punggol LRT Line East Loop. You can also catch a ride at the Punggol Bus Terminal or the Sengkang Bus Interchange.
Here’s even better news: road improvements are under way, soon to connect Punggol Central with the Northern and Eastern towns. This will be done with roads, including a semi-expressway. Living at The Terrace will be such a blissful experience!
An Executive Condo Unit For You
The Terrace welcomes most Singaporeans home buyers over 21 years old, with a maximum gross monthly household income of $12,000. You may also benefit from the CPF Housing Grant, with the exact amount dependent on your total household income, citizenship status and if you or your spouse had taken a housing grant previously.
But before you get ahead of yourself, first things first: Compare mortgage loan Singapore so you can create an effective financial plan for your purchase. Be sure to do this with iCompareLoan mortgage broker.
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