Translated from Malay meaning “long sand,” Pasir Panjang was once a stretch of sandy beach.
It attracted affluent families like Lee Kong Chian and Aw Boon Par in the 1920s.
Rapid industrialization led to the development of PSA Pasir Panjang Terminal.
Terra Hill’s Redevelopment:
Redevelopment of former Flynn Park into Terra Hill with 270 units, up from 72 in the original development.
Developed by Hoi Hup Sunway for $371 million or $1,355 psf.
Positioned to capitalize on the Greater Southern Waterfront vision and PSA Port’s move to Tuas by 2040.
Unique Aspects of Terra Hill:
Built on an incline, providing an advantageous vantage point.
Units on higher ground offer views of PSA Pasir Panjang Port and the distant sea.
Expect unobstructed views post-PSA Port relocation to Tuas by 2040.
Implications of the Incline:
Higher construction costs due to dealing with the uneven terrain.
Estimated breakeven costs might not account for the expenses incurred on the sloped landscape.
Strategic Location and Future Transformations:
Freehold tenure aligns with future developments like the Greater Southern Waterfront vision and Circle Line loop expansion by 2026.
Anticipates a more connected and vibrant area post-PSA Port’s move and Circle Line expansion.
The insider tour offers detailed insights into the unique offerings and features of Terra Hill.
Exploring Terra Hill: A Detailed Insider Tour
Location Insights at Terra Hill
Situated at the cul-de-sac of Yew Siang Road in Pasir Panjang, flanked by landed houses and Fragrance Court condo.
Adjacent to Breakthrough Missions at 24 Yew Siang Road, reminiscent of Pasir Panjang’s affluent history and offering a larger compound dedicated to greenery.
Entry and Parking at Terra Hill
Pros
Inconspicuous entrance with sufficient lanes for 270 units.
1-to-1 basement parking ideal for residents with easy access to Pasir Panjang MRT.
Cons
Expected average unit price around $2.5 million, indicating probable multiple-car ownership.
Distinct Unit Classes: Signature vs. Prestige Collection
Pros
Signature Collection with household shelter and high ceiling for first-storey units.
Prestige Collection offers exclusive block layout, private lift access, and high ceilings for all first-storey units.
All blocks positioned to avoid direct west-facing units.
Cons
None noted.
Sustainability Initiatives and Design at Terra Hill
Pros
Aiming for Green Mark Platinum through solar panels, EV lots, and energy-efficient aircon units.
Inclusion of ceiling fans in every unit.
Trendy dark-brown copper hue design contributing to an upscale appearance.
Cons
None specified.
Facilities Overview: Five Distinct Zones
Pros
24/7 standard security and a water courtyard at the drop-off point.
Various facilities in zones like “The Valley,” featuring a Mini Putt and Chill Out Deck.
“The Enclave” houses a 2-storey clubhouse named Terra House.
Cons
None explicitly mentioned.
Clubhouse Features and Pool Amenities
Pros
Terra House cantilevers over a lap pool, featuring a gym with a social space.
Function rooms, lap pool, Jacuzzi, and various deck spaces available.
BBQ pavilions and kid-friendly water features provided.
Cons
Lack of tennis court despite the ample land size.
Exploring Additional Zones and Elevated Spaces
Pros
Amenities in zones like “The Sanctuary” and “The Alcove” for various activities.
Connectivity to Pepys Road for access to parks and a fitness terrace.
Cons
Southeast-facing units may have limited space due to the sloping terrain.
Summarizing Terra Hill’s Offerings
Generous facilities but no tennis court.
Varied proximity between blocks.
Southeast-facing units might have space limitations.
Tranquil atmosphere but possibly the lowest-priced units.
Review of Terra Hill’s 4-Bedroom Type DP1 (176 sqm/1,894 sq ft)
Unit Overview:
4 Bedroom units at Terra Hill divided into Signature and Prestige Collections.
Prestige Collection significantly larger at 1,894 sqft compared to Signature Collection’s 1,302 to 1,335 sqft.
Variances in materials and fittings between the collections.
Features of 4 Bedroom Type DP1:
Private Lift Access: Provided exclusively for Signature Collection units with a 5 sqm private lift lobby.
Spacious Living Area: Marble flooring, 3m ceiling height (Prestige Collection), exceptionally wide living room (6m width), and ducted air-conditioning units.
Balcony: A 12 sqm area extending from the living room, providing ample space for al-fresco dining or other uses.
Dining Area: Adjacent to the living room, large enough for a long or round table.
Kitchen Spaces: Dry kitchen with a luxurious-looking engineered stone countertop, tinted glass cabinets, and ample storage. Wet kitchen equipped with high-quality appliances and ample workspace.
Bedroom Spaces: Study room or Bedroom 4 with full-length windows. Bedrooms 3 and 4 both have access to Bathroom 3, designed in a jack-and-jill concept.
Junior Master Bedroom: Features a built-in wardrobe and a relatively long corridor, smaller than the Master Bedroom but with a 3m high ceiling.
Master Bedroom: Opulent, spacious, and equipped with a walk-in wardrobe strategically located beside the Master Bath.
Pros:
Spacious Layout: Large living area, bedrooms, and well-designed kitchen spaces.
Luxurious Bathrooms: Marble tiling, high-end fittings, and spacious layouts in bathrooms.
Strategic Storage: Well-thought-out storage spaces, including a store and walk-in wardrobes.
Functional Spaces: Versatile balcony, study room, and well-equipped wet and dry kitchens.
Impressive Design: Modern, stylish design with high ceilings and large windows in select areas.
Cons:
Space Allocation: Some areas might feel slightly cramped, like Bedroom 4’s entrance and the Junior Master Bedroom.
Limited Views: Bathrooms may lack natural light due to the absence of windows in some.
This review showcases the luxurious aspects and detailed features of the 4 Bedroom Type DP1 units at Terra Hill, emphasizing the exclusive amenities and spacious layout within both the Signature and Prestige Collections.
Terra Hill’s 2 Bedroom + Study Type B3 (75 sqm/807 sq ft):
Important Points:
Terra Hill offers 70 2 Bedroom units with various sizes, starting from 624 sq ft.
Dumbbell layout provides efficiency and includes a 2nd bathroom in all units, even in smaller layouts.
Signature Collection units boast a standard ceiling height of 2.85m.
Common areas have tiles, while bedrooms feature natural timber flooring.
Well-equipped kitchen with luxury appliances like De Dietrich induction hob and oven.
3 sqm home shelter adaptable for storage or display.
Dining and living areas accommodate average-sized furniture comfortably.
6 sqm balcony offers flexibility for various uses.
Common bathroom is shared between guests and the common bedroom, showcasing clean design and quality sanitary ware.
The study room is practical for work purposes or could potentially be converted into a walk-in wardrobe.
Common bedroom size allows for a sofa bed and a simple study space, with limitations due to aircon ledge placement.
Master Bedroom feels more spacious and includes a built-in wardrobe with accessory compartments.
Master Bath features similar high-quality fittings and an added rain shower.
Pros:
Efficient dumbbell layout maximizing space.
Inclusion of a 2nd bathroom in all units.
Quality flooring and finishes in the bedrooms and common areas.
Well-equipped kitchen with luxury appliances.
Versatile balcony space.
Functional study room that can potentially be repurposed.
Spacious Master Bedroom with thoughtful wardrobe design.
Cons:
Lack of windows in the kitchen and common bedroom due to external unit placement.
Limited space in the common bedroom for furniture due to aircon ledge proximity.
This summary should offer a clear view of the notable features and aspects of the 2 Bedroom + Study Type B3 unit at Terra Hill.
Terra Hill Location Review
Important Points:
Connectivity: Close proximity (3 mins walk) to Pasir Panjang MRT (Circle Line), enhanced connectivity expected with the completion of the Circle Line in 2026.
Convenience: Short distances to major areas like HarbourFront, One North, and upcoming accessibility to Marina Bay.
Business Proximity: Near Mapletree Business City, VivoCity, and within reach of CBD and One North, home to various multinational corporations and major sectors.
Nature and Recreation: Access to green spaces like Kent Ridge Park, Labrador Park, HortPark, and views of Keppel Bay, offering opportunities for relaxation and exercise.
Food Options: Abundance of affordable food choices, including nearby food centers like Pasir Panjang Food Centre, Telok Blangah Food Centre, and Seah Im Food Centre, as well as various restaurants in the area.
Drawback: Limited availability of primary and secondary schools within close proximity (1 km) to Terra Hill, with Blangah Rise Primary School being the nearest within 2 km.
Pros:
Excellent public transport connectivity.
Proximity to major business hubs and amenities.
Access to nature parks and harbor views.
Abundance of nearby food options and dining choices.
Cons:
Limited options for primary and secondary schools within close range.
This summary should highlight the key aspects of Terra Hill’s location, including its advantages and drawbacks, providing a quick overview for potential residents or buyers.
Developer Information:
Hoi Hup Realty: Established in 1983, known for diverse property development from DBSS to prime properties.
Sunway Developments: Part of a Malaysian property company with global presence and ongoing developments in Malaysia.
Unit Mix:
2 Bedroom: 624 – 807 sqft, 70 units
3 Bedroom: 904 – 1,098 sqft, 108 units
3 Bedroom Penthouse: 1,249 – 1,335 sqft, 18 units
4 Bedroom: 1,302 – 1,355 sqft, 20 units
4 Bedroom + Study / Penthouse: 1,539 – 1,862 sqft, 19 units
4 Bedroom (Prestige Collection): 1,894 sqft, 24 units
Focus on larger units to cater to demand in the area.
Prices ranging from $1.5mil for 2 Bedroom to $5mil for Prestige Collection units.
Positioned as a high-end development with an average price of $2,600 psf.
Sun Analysis and Preferred Units:
Units have either northeast or southwest facing, with southwest-facing units experiencing direct afternoon sun for about half a year.
Preferred units: Outward facing > Inward pool-facing > Units by the boundary.
Specific preferences for different unit types and stacks based on privacy, views, and block positioning.
Summary Pros and Cons of Developer and Units:
Pros:
Diverse unit mix catering to different preferences.
Collaboration of two established developers with a track record of successful projects.
Larger units targeting potential demand in the area.
Cons:
Potential sun exposure for southwest-facing units.
Limited preferred unit options within specific price ranges.
Some units may have privacy or view concerns based on block positioning.
This summary encapsulates the key developer information, unit mix details, pricing strategy, preferred unit considerations, and the general pros and cons associated with Terra Hill as per the developer’s vision and offering.
Price Review
Type
Price
Size
$PSF
2 Bedroom
$1.5xM
624
~$2,484
3 Bedroom
$2.3xM
904
~$2,600
4 Bedroom
$3.4xM
1302
~$2,650
4 Bedroom (Prestige)
$5.0xM
1894
~$2,666
Quarter
Unsold Units in Launched Private Residential Projects (NUMBER)
Quarterly Percentage Change in Unsold Units in Launched Private Residential Projects (per cent)
2020Q1
4506
NA
2020Q2
4889
8.5
2020Q3
5353
9.5
2020Q4
6126
14.4
2021Q1
6534
6.7
2021Q2
6057
-7.3
2021Q3
4877
-19.5
2021Q4
4266
-12.5
2022Q1
3204
-24.9
2022Q2
2829
-11.7
2022Q3
2133
-24.6
2022Q4
1930
-9.5
Important Points:
Comparative Analysis:
Terra Hill’s PSF price ($2,600) and TOP in 2026.
Compared to neighboring developments such as Kent Ridge Hill Residences, Bijou, Skyline Residences, The Peak @ Balmeg, The Peak, and Island View.
Comparison Details:
Terra Hill offers freehold tenure, proximity to Pasir Panjang MRT, and competitive pricing.
Kent Ridge Hill Residences, although cheaper, was launched during a different market climate and has an earlier TOP.
Bijou, with stagnant prices since launch, is smaller but has retail units.
Skyline Residences and The Peak @ Balmeg offer cheaper options with different amenities and locations.
The Peak and Island View represent demand for large units in the area, setting a precedent for Terra Hill.
Terra Hill Indicative Prices:
Prices vary across unit types, starting from 2 Bedroom at $1.5xxM to 4 Bedroom (Prestige) at $5.xxM.
Expected PSF ranges from around $2,484 to $2,666.
Market Outlook:
Speculation suggests Terra Hill’s prices might exceed $2,000 PSF in line with other OCR developments.
Terra Hill’s freehold status within the Rest of Central Region sets it apart.
Macro Perspective:
Decrease in unsold private residential units and launched project units over time.
Limited options for new launches despite Terra Hill’s competitive pricing.
Pros:
Competitive pricing compared to neighboring developments.
Freehold status and proximity to Pasir Panjang MRT add value.
Variation in unit types catering to different preferences.
Overall pricing is not as high as anticipated for a new launch near an MRT station in a freehold location.
Limited options in the market despite decreasing unsold residential units.
Competitive pricing might not reflect the past availability of more affordable units.
This summary outlines Terra Hill’s comparative pricing, its position among neighboring developments, indicative pricing details, market outlook, and key pros and cons based on the reviewed information.
Comparison to 2-bedroom new launches
2 Bedroom
Tenure
Price From ($)
Median PSF ($)
Size Range
Segment
Pasir Ris 8
99 yrs from 05/07/2021
$1,474,000
$2,087
710 – 721 sq ft
Outside Central Region
The Gazania
Freehold
$1,513,000
$2,379
635 – 700 sq ft
Outside Central Region
Terra Hill
Freehold
$1,550,000
$2,484
624 – 840 sq ft
Rest of the Central Region
The Lilium
Freehold
$1,570,300
$2,257
699 – 742 sq ft
Outside Central Region
Forett At Bukit Timah
Freehold
$1,716,000
$1,950
764 – 947 sq ft
Rest of the Central Region
Hyll On Holland
Freehold
$1,716,700
$2,904
570 – 710 sq ft
Core Central Region
Mori
Freehold
$1,719,000
$1,955
883 – 883 sq ft
Rest of the Central Region
The Landmark
99 yrs from 28/08/2020
$1,770,240
$2,748
678 – 764 sq ft
Rest of the Central Region
Kopar At Newton
99 yrs from 22/04/2019
$1,773,000
$2,919
614 – 614 sq ft
Core Central Region
Irwell Hill Residences
99 yrs from 13/04/2020
$1,806,000
$2,981
614 – 764 sq ft
Core Central Region
LIV @ MB
99 yrs
$1,816,000
$2,656
624 – 850 sq ft
Rest of the Central Region
Haus On Handy
99 yrs from 07/05/2018
$1,821,000
$2,694
689 – 926 sq ft
Core Central Region
Neu At Novena
Freehold
$1,822,000
$2,820
646 – 646 sq ft
Core Central Region
Leedon Green
Freehold
$1,837,000
$2,919
614 – 926 sq ft
Core Central Region
35 Gilstead
Freehold
$1,838,000
$2,626
700 – 700 sq ft
Core Central Region
One Bernam
99 yrs from 10/12/2019
$1,851,000
$2,796
700 – 872 sq ft
Core Central Region
Peak Residence
Freehold
$1,854,700
$2,435
776 – 808 sq ft
Core Central Region
The M
99 yrs from 03/07/2019
$1,882,000
$2,969
592 – 980 sq ft
Core Central Region
Van Holland
Freehold
$1,942,580
$3,055
657 – 1001 sq ft
Core Central Region
10 Evelyn
Freehold
$1,965,000
$2,696
732 – 753 sq ft
Core Central Region
Wilshire Residences
Freehold
$1,968,000
$2,814
743 – 797 sq ft
Core Central Region
One Pearl Bank
99 yrs from 01/03/2019
$2,048,000
$2,965
700 – 840 sq ft
Rest of the Central Region
Grange 1866
Freehold
$2,051,000
$3,329
710 – 1012 sq ft
Core Central Region
Pullman Residences Newton
Freehold
$2,059,000
$3,145
667 – 667 sq ft
Core Central Region
Cairnhill 16
Freehold
$2,067,500
$2,702
775 – 775 sq ft
Core Central Region
Meyer Mansion
Freehold
$2,144,600
$3,113
689 – 689 sq ft
Rest of the Central Region
Ikigai
Freehold
$2,196,780
$2,267
969 – 1087 sq ft
Core Central Region
Midtown Bay
99 yrs from 02/01/2018
$2,219,360
$3,216
732 – 1152 sq ft
Core Central Region
The Reef At King’s Dock
99 yrs from 12/01/2021
$2,297,000
$2,508
883 – 980 sq ft
Rest of the Central Region
The Atelier
Freehold
$2,324,000
$2,868
872 – 915 sq ft
Core Central Region
Perfect Ten
Freehold
$2,474,100
$3,278
753 – 797 sq ft
Core Central Region
Atlassia
Freehold
$2,585,427
$2,054
1270 – 1270 sq ft
Rest of the Central Region
Klimt Cairnhill
Freehold
$2,650,000
$3,289
829 – 893 sq ft
Core Central Region
Cuscaden Reserve
99 yrs from 14/08/2018
$2,762,000
$3,525
807 – 926 sq ft
Core Central Region
15 Holland Hill
Freehold
$3,919,770
$3,064
1292 – 1292 sq ft
Core Central Region
Boulevard 88
Freehold
$4,785,000
$3,903
1313 – 1313 sq ft
Core Central Region
Park Nova
Freehold
$5,868,000
$4,246
1432 – 1432 sq ft
Core Central Region
Terra Hill in Comparison to Competitors:
Competitive Advantage of Terra Hill:
Affordability vs. Desirable Locations:
Terra Hill stands out for affordability compared to 2-bedroom units in traditionally desirable areas like the Core Central Region or closer to the CBD, such as The Landmark or One Pearl Bank.
Comparison with Lower-Priced Competitors:
Competing with Outside Central Region Developments:
Terra Hill’s competitors with lower price points, like Pasir Ris 8 and The Gazania, are also located Outside the Central Region.
The Gazania, despite a similar commute to the CBD and unit numbers, is priced lower, suggesting that Terra Hill’s previously sold units might have been at lower prices.
Notable Comparisons:
The Gazania vs. Terra Hill:
Despite comparable commute times and unit numbers, The Gazania’s lower price point compared to Terra Hill raises questions about Terra Hill’s pricing consistency.
The Greater Southern Waterfront’s proximity, marketed as a desirable factor for Terra Hill, might be the primary differential factor.
Mori vs. Terra Hill:
Mori, despite being a higher-priced option, offers larger units, such as the 2-bedroom + guest unit, making direct comparisons challenging.
Terra Hill, with its starting indicative prices, seems more competitive but has fewer offerings in central areas or smaller unit sizes.
Market Observation:
Current Market Availability:
The units available in the market, particularly for Terra Hill, are more concentrated in central areas or larger in size, which may not necessarily reflect fundamental competitiveness.
Overall Assessment:
Terra Hill’s competitive edge lies in its affordability compared to more sought-after districts, but questions arise regarding its pricing consistency in comparison to similar competitors. The remaining units in the market are either in central areas or larger in size, deviating from the core aspect of competitive pricing.
Comparison to 3-bedroom new launches
3 Bedroom
Tenure
Price From ($)
Median PSF ($)
Size Range
Segment
North Gaia
99 yrs from 15/02/2021
$1,140,000
$1,249
958 – 1076 sq ft
Outside Central Region
Zyanya
Freehold
$1,728,900
$1,896
893 – 1044 sq ft
Rest of the Central Region
Royal Hallmark
Freehold
$1,740,000
$2,184
797 – 936 sq ft
Rest of the Central Region
Bartley Vue
99 yrs from 13/04/2020
$1,887,000
$1,888
947 – 1066 sq ft
Rest of the Central Region
Pasir Ris 8
99 yrs from 05/07/2021
$1,934,000
$1,784
1023 – 1302 sq ft
Outside Central Region
Baywind Residences
Freehold
$2,016,000
$2,106
969 – 1055 sq ft
Outside Central Region
Mori
Freehold
$2,073,000
$1,814
1098 – 1184 sq ft
Rest of the Central Region
Ki Residences At Brookvale
999 yrs from 23/03/1885
$2,081,000
$2,223
936 – 1313 sq ft
Outside Central Region
Lentor Modern
99 yrs
$2,130,100
$2,109
969 – 1130 sq ft
Outside Central Region
Sky Eden@Bedok
99 yrs
$2,199,000
$2,082
1087 – 1302 sq ft
Outside Central Region
Atlassia
Freehold
$2,257,955
$2,072
1098 – 1141 sq ft
Rest of the Central Region
Terra Hill
Freehold
$2,350,000
$2,600
904 – 1335 sq ft
Rest of the Central Region
Piccadilly Grand
99 yrs from 02/08/2021
$2,524,000
$1,861
1356 – 1356 sq ft
Rest of the Central Region
The Lilium
Freehold
$2,528,800
$2,078
1227 – 1227 sq ft
Outside Central Region
Peak Residence
Freehold
$2,547,800
$2,623
1066 – 1088 sq ft
Core Central Region
Haus On Handy
99 yrs from 07/05/2018
$2,607,000
$2,754
947 – 1141 sq ft
Core Central Region
The Landmark
99 yrs from 28/08/2020
$2,615,888
$2,601
1076 – 1141 sq ft
Rest of the Central Region
Enchante
Freehold
$2,695,000
$2,768
1001 – 1270 sq ft
Core Central Region
Hyll On Holland
Freehold
$2,696,100
$2,913
936 – 1055 sq ft
Core Central Region
The Atelier
Freehold
$2,724,000
$2,779
1173 – 1281 sq ft
Core Central Region
Midtown Modern
99 yrs from 10/12/2019
$2,739,000
$3,199
904 – 904 sq ft
Core Central Region
The Reef At King’s Dock
99 yrs from 12/01/2021
$2,785,620
$2,593
1076 – 1345 sq ft
Rest of the Central Region
LIV @ MB
99 yrs
$2,863,000
$2,474
1119 – 1453 sq ft
Rest of the Central Region
Cairnhill 16
Freehold
$2,876,300
$2,758
1055 – 1292 sq ft
Core Central Region
One Pearl Bank
99 yrs from 01/03/2019
$2,988,000
$2,782
1098 – 1281 sq ft
Rest of the Central Region
Ikigai
Freehold
$3,147,040
$2,104
1496 – 1915 sq ft
Core Central Region
Meyer Mansion
Freehold
$3,205,400
$2,890
1109 – 1496 sq ft
Rest of the Central Region
Pullman Residences Newton
Freehold
$3,258,000
$3,064
1163 – 1281 sq ft
Core Central Region
Riviere
99 yrs from 07/03/2018
$3,258,000
$3,041
1141 – 1711 sq ft
Rest of the Central Region
Mayfair Gardens
99 yrs from 26/09/2018
$3,261,000
$1,980
1647 – 1647 sq ft
Rest of the Central Region
10 Evelyn
Freehold
$3,276,000
$2,692
1227 – 1238 sq ft
Core Central Region
One Bernam
99 yrs from 10/12/2019
$3,357,000
$2,632
1421 – 1948 sq ft
Core Central Region
Van Holland
Freehold
$3,513,330
$3,050
1152 – 1152 sq ft
Core Central Region
Perfect Ten
Freehold
$3,609,760
$3,094
1227 – 1281 sq ft
Core Central Region
Kopar At Newton
99 yrs from 22/04/2019
$3,918,000
$2,426
1615 – 1615 sq ft
Core Central Region
Cuscaden Reserve
99 yrs from 14/08/2018
$4,255,000
$3,739
1152 – 1152 sq ft
Core Central Region
Midtown Bay
99 yrs from 02/01/2018
$4,437,200
$3,657
1324 – 1324 sq ft
Core Central Region
Leedon Green
Freehold
$4,498,000
$3,317
1356 – 1356 sq ft
Core Central Region
Klimt Cairnhill
Freehold
$4,850,000
$3,509
1432 – 1496 sq ft
Core Central Region
Comparison of 3-Bedroom Units:
Terra Hill’s Positioning:
Shift in Affordability:
The 3-bedroom units at Terra Hill no longer remain among the more affordable options, particularly in comparison to developments like Lentor Modern and Sky Eden @ Bedok.
Competing Factors for Other Developments:
Lentor Modern:
Located in a new area but integrated with essential amenities like a mall and an MRT station at close proximity.
Sky Eden @ Bedok:
Competitive due to limited private residential supply in the area, closeness to an MRT station with a direct line to the CBD, and proximity to Bedok Mall.
Importance of Location:
Consideration of Ideal Location:
Emphasizes the crucial role of location when making a home purchase decision.
If the location doesn’t align with your needs or lifestyle, even seemingly more suitable developments might not be ideal choices.
Location Suitability for Work:
Relevance of Terra Hill’s Location:
Terra Hill emerges as a potentially better option for those working in Pasir Panjang, especially around places like Mapletree Business Park.
Sky Eden @ Bedok’s Offering:
Features of the 3-Bedroom Unit:
Sky Eden @ Bedok offers a 3-bedroom premium unit at $2,199,000, highlighting family-oriented features like a high ceiling, WC, and service yard.
Overall Perspective:
The emphasis is on the evolving affordability status of 3-bedroom units at Terra Hill compared to other developments, highlighting the pivotal role of location suitability in making housing decisions. The practicality and family-friendly features of units at Sky Eden @ Bedok are noted as a potential consideration for certain buyers.
Comparison of Piccadilly Grand and The Lilium for 3-Bedroom Units:
Piccadilly Grand’s Offer:
Penthouse Unit at Piccadilly Grand:
Offers a 3-bedroom penthouse with a void area, priced at $2,524,000, including separate wet and dry kitchens. However, the unit lacks a proper laundry area, despite indications on the plans.
It’s a 99-year leasehold development known for maintaining value in its early years.
Comparison with The Lilium:
The Lilium’s 3-Bedroom Premium:
Priced at $2,528,800 for a 1,227 sq ft unit, featuring an enclosed kitchen, service yard, bathroom, and a master bedroom with a walk-in wardrobe.
Despite a 7-minute walk from Bartley MRT, the location is not described as fantastic.
Differences in Features:
Impact on Lifestyle:
The differences in unit features, such as the presence of a service yard and layout design, greatly affect lifestyle despite a relatively close price point.
Terra Hill’s 3-bedroom units lack a designated service yard area, which may be a notable factor for some buyers.
Price Comparison:
Cost Analysis:
Even with a lower assumed cost per square foot, Terra Hill’s larger units would reach close to $2.8 million, surpassing The Lilium’s 3-bedroom premium unit’s price but without the added convenience of a service yard.
Overall Perspective:
The comparison highlights the differences in features and lifestyle impact between Piccadilly Grand’s penthouse unit and The Lilium’s 3-bedroom premium unit. The absence of a service yard in Terra Hill’s 3-bedroom units is noted as a distinguishing factor in this comparison.
Comparison of Terra Hill’s 4-Bedroom Units with Peak Residence and Enchante:
Terra Hill:
Starting Price: $3.4x million for the 4-bedroom units.
Notable Features:
Three naturally-ventilated bathrooms, but lacks a service yard.
Offers good facilities but doesn’t include a service yard like some other developments.
Peak Residence:
Comparison Point: Cheaper than Terra Hill but situated in the Core Central Region.
Advantages:
Proximity to Balestier’s amenities but not close to an MRT station.
Layout includes a study room or additional workspace.
Enchante:
Similar Price Range: Close to Terra Hill’s starting price.
Layout and Features:
Offers smaller dining area and utility space but provides unique layout features like expandable balcony dining and a master bedroom with its own balcony.
Private lift lobby, en-suite bathrooms for most bedrooms, and a more exclusive experience due to a limited number of units.
Summary Perspective:
Factors to Consider:
Personal preferences and family needs are vital, considering layout, location, and specific features like service yards, facilities, and exclusivity.
Location and layout seem to be the primary considerations when comparing these developments.
Ultimately, the decision between Terra Hill, Peak Residence, and Enchante relies heavily on individual preferences, lifestyle needs, and what aspects of layout and location matter most to potential buyers or residents.
Resale Comparison:
2 Bedroom:
Resale Properties within the Vicinity:
Average prices are generally lower per square foot compared to Terra Hill’s indicative prices.
Notable exceptions include Bijou, a boutique development, and Mendon Spring, an older property with larger units.
Bijou:
Considerations:
Offers freehold tenure, next to an MRT station, sold at $1,755,485 ($2,265 psf) for a 775 sq ft unit with a loft.
Provides a unique “Soho” living style but faces the AYE, potentially leading to higher noise levels.
Terra Hill’s 2-Bedroom Units:
Distinctive Features:
Dual-key unit layout, ideal for various lifestyles (families with elderly, young couples, or as an investment property).
Efficient dumbbell layout with two bathrooms, offering more comfort compared to some compact 2-bedrooms with only one bathroom.
Considerations for Buyers:
Terra Hill’s Competitiveness:
Despite smaller size on paper, Terra Hill’s 2-bedroom units offer competitiveness and efficiency.
Potential considerations for renters due to proximity to Mapletree Business Park and appealing layouts.
Additional Option – Mendon Spring:
Older Development Consideration:
Offers larger units (1,055 sq ft) for around $1.2 million, 69% larger than Terra Hill’s units.
The comparison highlights varying factors such as price, unit size, layout efficiency, noise considerations, and lifestyle suitability between Terra Hill’s 2-bedroom units and neighboring resale properties, emphasizing distinct features and competitive aspects.
Appreciation analysis
The Greater Southern Waterfront, set to unfold post-2040 after Pasir Panjang Terminal’s move to Tuas, holds promising prospects for Terra Hill. The area’s transformation anticipates improved sea views and heightened interest in freehold properties like Terra Hill. Investments, like Labrador Tower’s impending completion in 2024, signal the growing attention to this evolving precinct.
Terra Hill’s connectivity will elevate with the Circle Line’s final stretch completion by 2026, linking Pasir Panjang MRT to Marina Bay in 7 seamless stations. This enhanced transport network, directly connecting to the CBD, Mapletree Business City, and one-north, will likely elevate Terra Hill’s rental appeal significantly.