Name of condo(Condominium): Liv @ MB
Name of condo(Condominium): Liv @ MB
Experience the epitome of sophisticated living at Liv @ MB, a prestigious 99-year leasehold condominium located at Arthur Road in District 15. Envisioned for completion in 2024, this opulent development comprises four blocks, presenting a total of 298 exquisite units.
Development Overview:
Strategic Location: Liv @ MB enjoys a strategic location within walking distance to Katong Park MRT and Mountbatten MRT, offering residents seamless access to various parts of Singapore, enhancing their connectivity and lifestyle.
Proximity to Neighboring Condos: Nestled among neighboring condos such as Margate Point, Santa Fe Mansions, and Rivage, Liv @ MB forms part of an exclusive and well-connected community.
Educational Institutions: Families and young couples with children benefit from the close proximity to esteemed schools like Eton House International School (Mountbatten 718), Eton House International School (Mountbatten 717), and Indiaboy, providing a conducive environment for educational growth.
Retail Convenience: Residents can effortlessly meet their grocery and household needs with nearby supermarkets like FairPrice Xpress and FairPrice Jalan Tiga, ensuring a convenient shopping experience.
Health and Wellness Access: Health services are readily accessible with clinics such as Tang Medical & Surgery Pte Ltd, addressing residents’ health needs efficiently.
Monetary Services: Residents have the convenience of obtaining monetary services at Ng Geok Wah, adding to the overall convenience of living at Liv @ MB.
Leisure and Entertainment: For leisure and entertainment, residents can unwind at the nearby Wilkinson Interim Park, providing a serene outdoor space for relaxation and enjoyment.
Transaction History Data: Explore the most recent transaction history data for Liv @ MB, offering residents transparency and valuable insights into the development.
Key Selling Points
Luxurious Living Spaces: Liv @ MB offers a selection of 298 meticulously designed units, providing residents with luxurious, functional, and comfortable living spaces.
Proximity to MRT: The development’s close proximity to Katong Park MRT and Mountbatten MRT ensures convenient and quick access to public transportation, enhancing residents’ mobility.
Educational Hub: Families benefit from the variety of nearby educational institutions, creating an ideal environment for academic growth and development.
Comprehensive Community: Surrounded by neighboring condos, Liv @ MB fosters a sense of community, allowing residents to engage in an exclusive and well-connected living experience.
Convenient Retail Options: Nearby supermarkets cater to residents’ daily needs, offering a hassle-free shopping experience for groceries and household essentials.
Health and Wellness Access: Liv @ MB prioritizes residents’ well-being with nearby healthcare services, ensuring prompt attention to health-related concerns.
Banking Convenience: The presence of Ng Geok Wah adds to the convenience, offering residents easy access to monetary services.
Nature Proximity: With Wilkinson Interim Park nearby, Liv @ MB provides a serene green space for residents to relax, exercise, and enjoy a peaceful natural environment.
Indulge in a harmonious blend of luxury, comfort, and convenience at Liv @ MB, where every aspect of modern living is meticulously crafted for a premium living experience.
Factsheet of Liv @ MB
Project Name – LIV@MB
Road – ARTHUR ROAD
Location – Local
District – D15 KATONG, JOO CHIAT, AMBER ROAD
Region – Central Region
Broad Region – Rest of Central Region (RCR)
Country – Singapore
Category – NON-LANDED RESIDENTIAL
Model – CONDO
Expected Top – 04 2024
Tenure – 99 YEARS LEASEHOLD
Chinese Name
Architect – ARC Studio Architecture . Urbanism Pte Ltd
Project Account – 713-106250-001 Oversea-Chinese Banking Corporation Limited
Land Size Area – 140,758 sqft
Site Use – Residential
Payment Schemes – Normal Progressive Payment Scheme
Mukim Lot No – 04343V MK 25 Arthur Road
Total No Units – 298
Addresses – 114A Arthur Road, 439826
Floor Plan of Liv @ MB
Total Area – 140,760 sq ft
Number of Bedrooms – 1 BR, 2 BR, 3 BR, 4 BR, Ground
Number of Bathrooms – 1 bathroom, 2 bathrooms, 3 bathroom, 4 bathroom
Type of Kitchen – NA
Flooring Material – NA
Balcony Presence – YES
Orientation – North-facing, South-facing
Level/Floor – 20
View Type – NA
Ceiling Height – NA
Energy Efficiency Rating – NA
Window Type – ventilation window
Heating and Cooling System – NA
Parking Availability – Parking available
Storage Solutions – Built-in wardrobes
Security Features – NA
Accessibility Features – NA
Furnishing Status – NA
Smart Home Features – NA
Outdoor Space – AVAILABLE
Review of Liv @ MB
Our Assessment – it’s a worthwhile investment (84%)
Unit Efficiency – 5/5
Unit Size – 4/5
Design – 4/5
Variety of Facilities – 4/5
Quality of Facilities – 4.5/5
Surrounding Amenities – 3.50/5
Developer – 4/5
Transport Links – 4.5/5
Driving Accessibility – 4.5/5
Price Point – 4/5
Pros
Proximity to the seaside, historical significance.
Connectivity to the CBD and enhanced public transport.
District 15 is considered a desirable area to live in.
Mountbatten is a prestigious area with a rich history.
Mountbatten Road’s heritage bungalows and conservation.
LIV@MB offers a view of conservation bungalows and landed estates.
Strategic location off Mountbatten Road at Arthur Road.
The 99 year leasehold plot purchased enbloc for $345 million.
Bukit Sembawang’s established reputation as a developer.
Cons
No malls or eateries within a 15minute walk.
Limited surrounding amenities.
Property Overview
Location and Tenure:
Conveniently located, the residence offers a quick 3-minute walk to the Katong Park MRT station, providing easy access to the Thomson-East Coast Line (TEL).
The neighborhood is in close proximity to well-regarded educational institutions such as Tanjong Katong Primary, Kong Hwa School, and Dunman High School.
Enjoy the advantage of a less than 15-minute drive to both the city center and Changi Airport, ensuring convenient connectivity to key destinations.
Proximity to Business Hub:
LIV @ MB enjoys a strategic location, bordered by a thriving business district to the west. For employees and businessmen, a quick 12-minute drive is all it takes to reach the bustling Marina Bay Financial District.
Holistic Education Approach:
Ngee Ann Primary School is renowned for its holistic education program, fostering a well-rounded development for students
Convenient Distance:
A short 6-minute drive brings residents to Ngee Ann Primary School, enhancing accessibility for families in the vicinity
Unit mix layout
1-Bedroom (Type A1)
Number of Units: 39
Strata Area: 46 sqm/495 sq ft
2-Bedroom Deluxe (Type B3)
Number of Units: 113
Strata Area: 70 sqm/753 sqft
3-Bedroom Deluxe (Type C3)
Number of Units: 118
Strata Area: 118 sqm/1,270 sq ft
4 Bedroom Premium Type D2
Number of Units: 28
Strata Area: (155 sqm/1,668 sq ft)
This diverse range of units offers a variety of layouts and sizes, catering to different preferences and household sizes, from cozy 1-bedroom units to spacious 4-bedroom units and luxurious penthouses.
Developer Overview:
Bukit Sembawang: A Legacy in Property Development
- Roots in Rubber:
- Established in 1911, Bukit Sembawang began as a rubber company before diversifying into the landed properties scene in the 1950s.
- Property Development Expansion:
- The property development arm of Bukit Sembawang was officially formed in 1967, marking a significant expansion into real estate.
- SGX-Listed Success:
- Today, Bukit Sembawang is a Singapore Exchange (SGX)-listed company with a noteworthy market capitalization of $1.3 billion
Architect Notes: Arc Studio’s Design Mastery
- Founding and Growth:
- Arc Studio, founded in 1999 in Singapore by Khoo Peng Beng and Belinda Huang, has grown significantly from its humble beginnings as a 2-man outfit.
- Designer of the Year Accolades:
- Khoo Peng Beng and Belinda Huang jointly received the prestigious Designer of the Year award at the President’s Design Awards Singapore 2020, highlighting their design prowess.
- Iconic Singapore Developments:
- Arc Studio’s portfolio includes iconic Singapore-based developments such as the Pinnacle @ Duxton, The Tembusu, One Balmoral, and LViv.
Location Review: Boon Keng Neighbourhood
Public Transport Access:
- Before MRT operations, buses are the primary mode of public transport.
- A side entrance provides direct access to the bus stop, allowing for well-planned commuting.
Proximity to Katong Park MRT:
- Located along Arthur Road, just a 3-minute walk to Katong Park MRT.
- A convenient option for transportation even before the MRT becomes operational
Visibility and Surroundings:
- LIV@MB is prominently visible from Mountbatten Road.
- Situated across from several charmingly conserved bungalows with rich histories.
Educational
- Despite this, many parents are likely to have attended top schools in the broader area, such as Tao Nan, Kong Hwa, Tanjong Katong Primary, and Haig Girls.
- Secondary school options are more accessible, with Dunman High and Chung Cheng High located just a 9 and 11-minute walk away, respectively.
Shopping and Dining Choices within Reach
- Retail Convenience:
- Kallang Wave Mall and Kallang Leisure Park, just a 5-minute drive away, offer a range of shopping and dining options for residents.
- Iconic Parkway Parade:
- For a classic shopping experience, residents can head to Parkway Parade, a renowned destination in District 15. It’s a short 7-minute drive away, providing access to a wide array of retail outlets and services.
Proximity to Amenities in Jalan Batu HDB Estate
- Residential Focus:
- Given its primarily private residential nature, essential amenities are situated in the nearby Jalan Batu HDB estate.
- Convenient Walk:
- A mere 7-minute (500m) walk connects the estate to Jalan Batu, ensuring convenient access to amenities.
- Hawker Centre Presence:
- Jalan Batu features a hawker centre, providing diverse dining options for residents.
- Grocery Shopping Options:
- While the local hawker centre is available, it’s noted that there might not be a major supermarket. For comprehensive grocery needs, residents can explore Kallang Wave Mall or Kallang Leisure Park, both conveniently reachable within a 5-minute drive.
Price Analysis
Development – Units – Psf – TOP – Tenure – Price Gap
LIV@MB – 298 – $2,350 – 2024 – 99 Years
Meyer Mansion – 200 – $2,646 – $2,024 – Freehold – -11%
One Meyer – 66 – $2,545 – $2,024 – Freehold – -8%
Coastline Residences – 144 – $2,723 – $2,022 – Freehold – -14%
Amber Park – 592 – $2,477 – $2,024 – Freehold – -5%
Nyon – 92 – $2,332 – $2,022 – Freehold – 1%
Fulcrum – 128 – $2,404 – 2016 – Freehold – -2%
The Line @ Tanjong Rhu – 130 – $2,249 – 2016 – Freehold – 4%
The Belvedere – 167 – $2,003 – 2007 – Freehold – 17%
The Seafront on Meyer – 327 – $1,961 – 2010 – Freehold – 20%
Developer of Liv @ MB
Name of the Developer – Bukit Sembawang Estates Limited (BSEL)
Years of Experience – 50 years of experience+
Number of Completed Projects – TBA
Types of Projects Undertaken – LIV @mb
Average Project Size – Varies, from condominiums to condominium
Geographic Area of Operations – Singapore (primarily operate in Singapore.
Financial Stability Rating – BBB
Environmental Compliance Rating – B rating from (CDP)
About Bukit Sembawang Estates Limited (BSEL)
Bukit Sembawang Estates Limited (BSEL) is a leading and experienced property developer that has a solid track record in designing and building fine quality homes. For over half a century, it has been building some of Singapore’s most well-known residential developments including more than 4,600 landed homes in Seletar Hills, Sembawang Hills, Luxus Hills and more than 1,800 condominium units in Singapore’s prime location such as District 9 and 10. Initially established as a leading rubber company in 1911, BSEL diversified into the development of landed property in 1967. Today, BSEL is listed on the Singapore Exchange, and is committed to property development, investment and other property-related activities.
Pricing of Liv @ MB
Base Price – $1.08M ~ $3.63M
Price per Square Foot – $1,787 ~ $2,292
Location-Based Price Variation – TBA
Pricing Tiers – tba
Discounts and Offers – contacted
Payment Plan Options:
- Stage Payment Under a Standard Payment Scheme (% of Purchase Price)
- Upon the grant of Option to Purchase 5% (Booking Fee)
- Upon signing of the Sale & Purchase Agreement or within B weeks from the Option date 20% less Booking Fee
- Completion of foundation work 10%
- Completion of reinforced concrete framework of unit 10%
- Completion of partition walls of unit 5%
- Completion of roofing/ceiling of unit 5%
- Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit 5%
- Completion of car park, roads and drains serving the housing project 5%
- Notice of Vacant Possession (TOP) 25%
- On Completion date 15%
Price Increase Rate – TBA
Resale Price – NA
Rental Yield – CALCULATE
Historical Price Trends – tba
Discounts and Offers – contacted
Price Comparisons with Similar Units: $2,646- Meyer Mansion, $2,545-One Meyer
Financing Options Impact – TBA
Maintenance Fee Inclusion – Paid on monthly basis- TBA
Deposit Required – TBA
Government Subsidies Impact – TBA
Market Demand Influence – NA
Developer Reputation Impact – Premium developer: +10% price increase
Project Completion Stage Impact – TBA
Furnishing and Interior Design Cost – Furnished: +$50,000, Unfurnished: Base price
Tax and Legal Fees – TBA
Land Site – LIV @ MB (Former Katong Park Towers)
Sold Date – 15 March 2018
Tenure – 99 Years
Site area (sqm) – 13,076.80
Site GFA (sqm) – 29,395.10
Highest bid ($m) – 405
Highest bid ($psf) – 1,280.00
Number of bids – 10
No. of Rooms – Unit Type – Price Min. – Price Max.
1 Bedroom – 1BR – To be released. – To be released.
2 Bedroom – 2BR – To be released. – To be released.
3 Bedroom – 3BR – To be released. – To be released.
4 Bedroom – 4BR – To be released. – To be released
Site Plan of Liv @ MB
Total Land Area – 29,395 sqm
Number of Residential Units – 298 units
Building Height – Storey 24
Unit Size Range – 495-1668 sq ft
Types of Units Available:
One-Bedroom
Two-Bedroom
Three-Bedroom
Three-Bedroom + One
Four -Bedroom