About Margaret Ville
A private housing site in Margaret Drive attracted a strong response from developers, with the highest bid of S$238.39 million coming from MCL Land.
The 99-year leasehold site was made available on the Reserve List of the Government Land Sales (GLS) programme for the second half of 2016. Located near the Commonwealth MRT station and close to the Ayer Rajah Expressway, the site sits on 4,809.8 square metres and can yield a maximum allowable gross floor area of approximately 22,195 sq m. This is equivalent to 238,905 sq feet that can be developed into about 275 homes.
The tender drew 14 bids from developers due to its attractive location and manageable size, and the strong participation may prompt the Government to make available more land for residential development.
MCL’s bid for the Margaret Drive site translates into S$997.85 per sq ft per plot ratio.
The new condominium could be launched at above S$1,700 psf
PROJECT NAME
DEVELOPER
ADDRESS
DISTRICT
SITE AREA
TENURE
DEVELOPMENT TYPE
NO. OF UNITS
NO. OF BLOCKS
CARPARK LOTS
UNIT TYPE
EXPECTED DATE OF T.O.P
Margaret Ville
MCL Land (Prestige) Pte Ltd
Margaret Drive
3 - Queenstown
4,809.8 square metre
99 Year Leasehold
TBA
309
1
TBA
TBA
TBA
Project Details
Location
Choice Location with Excellent Accessibility
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Train Station: Commonwealth MRT Station, Queenstown MRT Station
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Drive: Close to Ayer Raja Expressway
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Close to shopping, dining and entertainment options: Queensway Shopping Centre, IKEA Alexandra, Alexandra Central, Holland Village, Rochestor Park, Dempsey Hill
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Good schools nearby: Queenstown Primary School, Queensway Secondary School, Anglo-Chinese School, Crescent Girls' School, Tanglin Trust School etc
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Leisure: Tanglin Golf Course Country Club, Temasek Club, Queenstown Stadium
REGISTER INTEREST: MARGARET VILLE
Register Today for More Benefits:
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Become one of the Priority Invites into Showflat Preview
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Entitled with Early Bird Discounts
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E-Brochure and Floor Plans
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Obtain the Latest Price List and Updates regards to the Project
News pertaining to Margaret Drive:
ABOUT DEVELOPER
MCL. Land is a leading property group with a long track record of building quality homes in Singapore and Malaysia over the past 40 years. Their commitment to being a premier and reputable property developer inspires them to be equally dedicated to absolute customer satisfaction.
MCL. Land holds an impressive portfolio of prime residential developments, including Sol Acres, LakeVille, J Gateway, Ripple Bay, Hallmark Residences, UBER388, Terrasse, The Estuary, Este Villa and Palms G. Sixth Avenue. Their new launches promises to deliver the same superb level of quality and excellence that are their hallmarks.
Master Plan - Queenstown
Queenstown is planned with a comprehensive range of facilities to meet the needs of residents. These include housing, shops, schools, libraries, sports facilities, community clubs and parks – all important in ensuring a liveable, self-sufficient town. Facilities are available to ensure good accessibility, supported by an efficient transport network. Queenstown vicinity also have multiple commercial nodes and other employment centres such as industrial estates and business parks.
