Stirling Residences, 6 minutes walk to Queenstown MRT, made history for a land parcel for homes in Queenstown, Stirling Road, fetching a bid above $1 billion – smashing the old record by more than $300 million.
Hong Kong-listed developer Logan Property Holdings and Chinese developer Nanshan Group have jointly submitted the top bid of $1.002 billion among 13 bidders for the Stirling Road residential site. It is the first time that a purely residential site in the Government Land Sales (GLS) programme has crossed the billion-dollar mark.
The sizeable Queenstown plot is the amalgamation of two adjoining sites and had been on the GLS reserve list since March 2010. It was triggered for sale last month after a developer committed to bid at least $685.25 million for the site.
Sterling Residences Prime Location
Sterling Residences attractive location, is being at the city fringe and also near Queenstown MRT station. It is close to Buona Vista, which consists of high-growth industries such as pharmaceuticals and R&D. The rental catchment is substantial as it appeals to people working in the Central Business District and Jurong East.
The 21,109.5-sqm Stirling Road site is located near the Queenstown MRT Station and Ayer Rajah Expressway, close to shopping, dining and entertainment options at Queensway Shopping Centre, IKEA Alexandra and Alexandra Central. It will be a convenient place for families with school-going children. Schools such as Queenstown Primary School and Queenstown Secondary School are located in the vicinity.
Sterling Residences is estimated to yield 1,110 housing units.
To welcome you, we have curated this website to provide you with the most up-to-date information, site plan, floor plans and compiled them into this handy guide. With this, you are ready to explore the many delights awaiting you around the neighbourhood of Stirling Residences. Please also browse through why it is important to buy directly from the developer sales team.
A Little History Of Stirling Road / Meiling Street
1953 to 1955 – Tanglin Halt, Queenstown
Built before the independence of Singapore, the three-storey and four-storey flats at Tanglin Halt, only seven of them left currently, are the remnants of the SIT low-rise flats in Queenstown. A couple of these flats are now leased to yo:HA Commonwealth as hostels for exchange students of the National University of Singapore.
1960 – Stirling Road, Queenstown
The sleepy neighbourhood at Stirling Road might not be prominent, but it has an important place in the history of Singapore’s public housing as it marked the transition of the SIT era to HDB era.
When SIT developed the satellite town of Queenstown, it built three blocks at Stirling Road, numbered 45, 48 and 49. They were only half finished when SIT was dissolved, and the task was handed over to HDB. The seven-storey flats were considered the first ever flats built by HDB when they were completed in 1960.
1970 to 1973 – Mei Ling/Mei Chin, Queenstown
The Mei Ling/Mei Chin estate of Queenstown was once a hilly area made up of farms, cemeteries and a large Hokkien village called Boh Beh Kang (No Tail River). The quiet neighbourhood scored two records for HDB in the seventies.
Blocks 160 and 161 were Singapore’s first point blocks built in 1970, while block 168A, completed in 1973, was the first residential flat to be specially designed. Unlike other rectangular blocks, it was styled with curvatures in a symmetrical way. Thus, a nickname of “Butterfly Block” was bestowed to it.
Stirling Residences Project Summary
|Project Name :||Stirling Residences|
|Developer :||Nanshan Group | Logan Property|
|Land Area :||227,221 sqft|
|Tenure of Land :||99 years|
|Address :||Stirling Road|
|Expected Date Of Vacant Possession :||T.B.A.|
|Expected Date Of Legal Possession :||T.B.A.|
|Project Architect :||T.B.A.|
|Total No. of units :||Estimated 1100|
More about Stirling Residences here…
About Nanshan Group And Logan Property
Founded at the beginning of reform and opening up, Nanshan Group has developed into a large-scale private joint-stock enterprise stably listed in the Top 500 Chinese Enterprises. At present after forty years of arduous struggle, forming a multi-industry simultaneous development pattern led by aluminium industry, textiles and garments, finance, aviation, real estate, health, education, tourism, etc.
In 2017, Nanshan Group ranked the 165th in Top 500 Chinese Enterprises and the 68th in Top 500 Enterprises in Chinese Manufacturing Industry by virtue of its comprehensive strength.
Nanshan Real Estate has now possessed the comprehensive development power. Integrating tourism, trade service, recreational vocation, old-aged caring and health-preserving, and has created a number of harmonious and livable “ideal cities” in Longkou, Yantai, Qingdao and Hainan.
Located at the AAAAA-class Nanshan Tourist Spot, Nanshan Foguang Health-preserving Valley has the perfect business and living supporting facilities with international Golf Club. It is also aiming at creating the number one old-aged caring and health-preserving base in China.
Nanshan Group Values
Nanshan Real Estate has carried forward the enterprise spirit of “loyalty, responsibility, diligent and commitment” and been devoted to providing the best quality products and service for customers by continuous development and innovation.
Founded in 1996, Logan Property Holdings Company Limited (“Logan Property” or “the Group”, stock code：3380.HK) is an integrated property developer focusing on residential property development in the PRC mainly the Guangdong-Hong Kong-Macao Greater Bay Area. With its products primarily target first-time homebuyers and upgraders. It was listed on the main board of the Stock Exchange of Hong Kong in 2013.
The Group has Grade-A qualifications in property development, general contracting of construction as well as engineering design. It is one of the best property developers in the PRC in terms of overall strength. In 2017, the group jumped to 295th in Fortune China’s Top 500 Enterprises. In 2018, the Group was ranked 26th in the China Top 100 Real Estate Developers and 4th in the Top 10 Most Profitable Companies. The meteoric rise is mainly due to its brand and overall strength being highly recognized by the market.
Logan Property Holdings Mission
Adhering to the business concept of “Building a Better Life”, Logan Property has so far developed over 110 residential projects and provided quality life services to over 600,000 people. The Group has been focusing its business in the Pearl River Delta, Guangdong and Guangxi in China. And has had the foresight to build a footprint in the world-class agglomeration Guangdong-Hong Kong-Macao Greater Bay Area, which is part of the national strategy.
Over 80% of Logan Property’s land bank is situated in the Guangdong-Hong Kong-Macao Greater Bay Area. As such provides a solid basis for realizing future growth. The Group started to expand its business to overseas markets in 2017. It commences its international journey of expansion by acquiring quality projects in Hong Kong and Singapore.
- New Condo Sales At District 5
- Singapore Property Cooling Measures
- Additional Buyer Stamp Duty (ABSD)
- Seller Stamp Duty (SSD)
- Singapore Mortgage Loan-to-Value Ratio (LTV)
- Progressive Monthly Mortgage Payments For New Purchase
- Direct Developer Price
- Friendly and Professional Sales Staff
- Discounts and Priority
- Up-to-date Information
- Ability To Handle Special Requests
Project Name: Stirling Residences
Address: Stirling Road
No. Of Units: T.B.C.
Unit Mix: T.B.C.
Tenure of Land: 99 years
Developer: Nanshan Group & Logan Property
Estimated Date Of Vacant Possession: T.B.C.
Estimated Date Of Legal Completion: T.B.C.
Developer: Nanshan Group | Logan Property • Developer’s Licence No: C1252 • Tenure Of Land: Estate in Fee Simple • Mukim/Lot No: MK 3 LOTS 03389X & 05153A • Encumbrances On The Land: Mortgage in favour of Malayan Banking Berhad • Expected Date Of Vacant Possession: 31 December 2023 • Expected Date Of Legal Completion: 31 December 2026