8 St Thomas condo complex is a new freehold real estate project located near the orchard shopping area, along Saint Thomas walk in district nine of Singapore. It is observed that a majority of the real estate projects in Singapore are constructed on leasehold land, with a lease duration of 99 years and there are only a few freehold projects. In the case of these leasehold projects, as the lease period ends the value of the flats in the project reduce, as the government may or may not renew the lease. On the other hand, for a freehold project like 8 Saint Thomas Great World City MRT Station, the property value will always appreciate, as only a onetime fee has to be paid.
8 St Thomas Condo Great World City MRT Station
The developer for 8 Saint Thomas Freehold Condo is Bukit Sembawang Estates Limited, originally a Malaysia company, which is well known in Singapore for its interests in stocks, finances, real estate. The company was originally founded more than a century ago in 1911 as a rubber company and diversified into real estate in the 1950’s. The company was listed at the Singapore Stock exchange in 1968 and has a reputation for constructing high quality residential and other real estate projects in Singapore. The firm had purchased Airview Towers in 2006 and Chez Bright Apartments in 2007, and is combining the land for these projects for the condo complex at 8 St Thomas Great World City MRT Station.
8 Saint Thomas Condo Bukit Sembawang Estates Freehold Condo
Bukit Sembawang 8 St Thomas Walk Condo is expected to be launched in 2018, and has a gross floor area of approximately twenty eight thousand square meters. The residential condo complex will have one block of thirty five storeys and one block of thirty six storeys. The entire project is expect to have approximately 250 flats of varying sizes like one , two, three and four bedroom flats. Many real estate investors are looking specifically for a freehold apartment, as they are likely to get a better returns on their investment. The luxury apartments will have the latest amenities, like swimming pool, barbeque, and play area for children, garden and gyms so that families can lead a relaxed life.
8 St Thomas Walk Former Airview Towers and Chez Bright Apartments
One of the main advantages of the 8 St Thomas condo complex is the location, near one of the prime areas of Singapore the Orchard Shopping district. The serviced apartments, shopping mall and office complex of the 35 storey tall great world city shopping mall are located close to the condo complex. Cathay Cineleisure is another shopping centre with food courts and screens for showing movies in the area. *Scape and 313@Somerset city center are some other shopping malls close to the residential condo, with food and other outlets. Additionally *Scape also encourages young people to display their talent.
Robertson Quay the largest of the three wharfs in Singapore, with a number of high end restaurants, food outlets is located close to Saint Thomas condo. The MRT stations of Great World City on the Thomas East coast line, Havelock and Somerset are close to the residential project for quickly commuting to other places in Singapore. There are many buses halting at the River Valley and Orchard Boulevard road. The freehold condo is located in the exclusive River Valley area in the central region of Singapore, which was first developed in the 1830’s and is favoured by wealthy individuals. The River Valley primary school is located near the condo complex.