Former Surrey Point in Newton Acquired for New Residential Development

Ohmyhome

July 14, 2022

A new, freehold residential development is coming to the Newton area! The former Surrey Point, at the junction of Surrey Road and Newton Road, has been acquired by Singapore-based property developer and hotelier Amara Holdings for $47.8 million or $1,434 per square foot per plot ratio (psf ppr).

The 11,977 sq ft 10-storey apartment building was launched for collective sale via public tender in January 2021, with a maximum permissible gross floor area (GFA) of 35,882 sq ft, inclusive of the additional 7% bonus GFA for balconies. Property experts predict that the site, which is well-located and attractively priced for discerning homebuyers, can yield 36 units with an average size of 914 sq ft.

While Surrey Point’s residential successor will likely be in the pricier range, property experts have noted the palatable development charge of $294,000. On top of that, factors such as its proximity to the Newton MRT Interchange, about a 10-minute walk away, prestigious schools and major shopping districts may have boosted investor confidence in the land’s sale potential as well.

What sets the new launch at former Surrey Point apart?

Unparalleled accessibility

Leisurely pacing down Newton Road to cross Dunearn Road and the Newton Flyover will take you to Newton MRT Interchange in less than 10 minutes. This literally puts you within one stop of the food and shopping districts of Orchard Road and Little India via the North-South Line and Downtown Line respectively.

*Newton MRT Interchange is only a 10-min walk away from the former Surrey Point land site. | Source: Street Directory*

If you’d rather not take the train to get your retail therapy fix, then there are still plenty of options within walking distance. Novena Square shopping mall can be reached within a short 5-minute drive, and the United Square Shopping Mall is even closer in just 3 minutes. In fact, you could get there in just 6 minutes on foot if someone else is using the family car.

And if you thought that that was all Surrey Point has to offer, you thought wrong! Fancier retail options are aplenty at Courtyard by Marriott Hotel and Royal Square, both taking just slightly over 10 minutes by car. For a little bit of nostalgia, you can also hop over to Goldhill Shopping Centre in just 5-minutes.

No shortage of local cuisine

In the unlikely scenario where you grow bored of the food found within the various shopping malls, nostalgic local gems are just waiting around the corner for you to try. The lesser known Pek Kio Market & Food Centre, while inaccessible to most, can be reached from your residential area in a short 5-minute drive. Not only is this underrated food court home to the Michelin Hong Kong Style Pin Wei Chee Cheong Fun, you’ll also find classics such as carrot cake and fried prawn noodles here.

And if you want a classic chinese banquet-style feast to celebrate the occasions, Chui Huay Lim Teochew Cuisine can be found right next to Rochelle@Newton and Newton Life Church just 6-minutes away by foot. Serving heritage on a plate from Singapore’s founding Chinese dialect group, diners will get to enjoy elevated classics such as braised duck with beancurd slices and luxuriously smooth yam paste.

An impressive line of educational institutions

Living at the former Surrey Point means receiving priority registration into some of Singapore’s top primary schools. Anglo-Chinese School (Primary), Anglo-Chinese School (Junior) and St. Joseph’s Institution Junior all lie within the 2km radius of the residential site. This gives your children an excellent chance at getting priority slots during primary one registration.

Both Anglo-Chinese schools can be reached within just 4 minutes by car. Students attending the Primary institution will also get a wide selection of direct buses to choose from, namely 48, 67, 960 and 972M. Home will be nearby for students who attend the other institutions, too, considering that Anglo-Chinese School (Junior) and St. Joseph’s Institution Junior are just a 12-minute and 9-minute walk away respectively.

Moving onto the secondary level, students will get to choose between two distinguished options in Singapore Chinese Girls’ School and ACS (Barker Road). Located just outside the residential’s 2km radius, Singapore Chinese Girls’ School can also be reached via the same bus services that link students up with Anglo-Chinese School (Primary), allowing for a smoother transition into secondary school level as graduates can continue taking familiar bus routes.

Singapore Chinese Girls’ school offers both the 4-year GCE ‘O’ Level track as well as a 6-year Integrated program which will allow qualifying students to attain direct entry into Eunoia Junior College. While Eunoia Junior College is a little further away at Marymount, students will be able to take a restful 45-minute journey to and from school via the direct bus of 162.

Just 1.7km and a 4-minute drive away is ACS (Barker Road), a school that offers the three traditional routes of Express, Normal (Academic) and Normal (Technical) streams. ACS (Barker Road) is one of the 30+ schools to offer Full Subject-Based Banding from 2022 as well as customised 1-to-1 digital device learning to encourage self-directed study and a personalised approach to academics. Students can also enjoy the same four bus services for a short 13-minute ride to and from school.

Healthcare assurance with Tan Tock Seng and KK Hospital

Residents with chronic health conditions, elderly members, or parents who wish to give birth to more children will be in very good hands because the future residential at Surrey Point will not only be served by one, but two hospitals.

Tan Tock Seng Hospital is just a 5-minute drive away and can even be reached in 5-minutes by bike. The bike option is admittedly not ideal for patients who are not in the pink of health, but can be a quick way for caretakers and family members to pick up medical supplies. Patients who naturally do not fancy the idea of riding a bike to receive medical attention can head down to KK Women’s and Children’s Hospital in 12-minutes via a bevy of bus services (56, 57, 166, 851, 980). For emergencies, the hospital can be reached within 4-minutes by driving along Thomson Road and Newton Road.

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