Introduction of Artra Condo
Artra Condo was initially sitting on an empty plot of land until Urban Redevelopment Authority (URA) released the land parcel for public tender sale program. After a fiercely contested bidding on this piece of land located at Alexandra road, it was sold to Tang Skyline Pte Ltd.
If you were to look closely on the recent land bids by developers of all sizes, it reflects an increasing positive sentiment on the local residential market scene. More so on the city outskirts and prime site as compared to other regions.
However, market watchers have warned that due to the many unsold units within the Artra condo area, it would be a risk for the developer moving forward. There are Alex Residences, Principal Garden and The Crest in the immediate vicinity as their main competitors during then.
But things have changed since, with the local private property segment bottoming out and into a recovery phase after two consecutive price rises since 2017, many home buyers have come into the market hunting for good buys. As a result, both Alex residence and Principal garden have been fully sold at a stunningly fast pace.
Artra Condo Development
With the impending shock wave flowing into the marketplace, we could expect more good news coming from the Artra condo in the next few months. It is not only an ordinary condo but one which is right next to the Redhill train station for your day to day convenience. Wouldn’t it be great to be able to reside in a city fringe locale and yet it offers you such an unbeatable connectivity?
Amenities around and within the Artra Condo
Apart from scoring highly on transportation aspect, it is only three and four stations away to our central business district, Tanjong Pagar and Raffles Place respectively.
As a resident here, one will not be short-changed from a lack of amenities because Artra is a mixed development where it encompasses commercial component on the same building. Bringing to you plenty of food and beverage establishments as well as retail services including a large supermarket for your weekly groceries.
If you or your wife is expecting, or you have a newborn baby right now, we’re pleased to tell you that there will be an indoor childcare centre situated within the artra residence for your ultimate convenience.
Everything has been carefully planned for you by the developer, if you are on a house hunting currently, do not missed this golden opportunity anymore!