On November 1, Sim Lian Group made the announcement that it will be unveiling its new project, Emerald of Katong, with sales starting on November 16. The 99-year leasehold condo is located on Jalan Tembusu, just off Tanjong Katong Road and within a short walk to Tanjong Katong MRT Station on the Thomson East Coast Line.
Featuring a total of 846 units, ranging from one-bedroom-plus-study to five-bedroom apartments, the development offers a diverse range of options to suit the needs of different homebuyers. The unit sizes range from 484 sq ft to 1,561 sq ft. Making use of the new gross floor area harmonisation initiative, the project excludes air conditioner ledges from the strata area, resulting in a more efficient and functional layout, according to Sim Lian.
Executive director of Sim Lian Group, Kuik Sing Beng, stated, “We strive to create a comfortable and well-connected home for our residents in the vibrant and culturally rich Peranakan district of Katong.”
Interested buyers can easily find out the latest transaction prices and available units by searching for the project under “New Launches”.
Emerald of Katong is situated on Jalan Tembusu (Parcel B), a plot of land that was acquired by Sim Lian for $828.8 million or $1,069 psf per plot ratio in July last year.
Located next to the 638-unit Tembusu Grand by City Developments and MCL Land, this new development is expected to add to the thriving community in the area. The Tembusu Grand was launched in April last year and has sold 521 units (82%) at an average price of $2,459 psf.
Interested buyers can also check out the latest listings for Emerald of Katong condominiums on various property portals.
For those looking for profitable investments in the past year, the data on the most unprofitable condo transactions and those with the highest profits are also available. There are also upcoming new launch projects to look out for, in addition to the vibrant and bustling district of Katong in Singapore.