Perfect Ten Condo – Freehold, District 10: An Investment Review
Perfect Ten Condo is an upcoming freehold ultra luxury condo development in Bukit Timah. Nested within Singapore’s prime District 10, it will occupy the site of the former City Towers that was sold en-bloc in August 2019 to Japura Development, a company linked to Hong Kong tycoon Li Ka-Shing’s Cheung Kong empire, which is well-known for developing high-end properties..
Perfect Ten is within walking distance of two MRT stations – Newton and Stevens. Located within an exclusive private residential enclave, it will consist of a 24-storey twin tower with 230 units and offer a choice of 1- to 4-bedrooms. This will cater to a wide range of buyers, be they for investment or own stay.
This review will seek to provide an unbiased examination of its design features, locational attributes and investment potential. To gain a
deeper insight about the development, please contact us for a show flat viewing and information-sharing session. Alternatively, you may WhatsApp Us.
Unique Selling Point
- An ultra luxury development by well-known Hong Kong conglomerate Cheung Kong Holdings
- Competitively priced versus other similar ultra luxury developments
- Located in Prime District 10 favoured by well-heeled foreign investors
- Strong rental demand
- Excellent transportation network, with 2 MRT stations (Newton and Stevens) nearby
- Close to amenities and eateries
- A stone’s throw away from major shopping destinations in Orchard Road and Novena
- Near reputable schools and educational institutions
- Close to many nature parks such as Singapore Botanic Gardens and Bukit Timah Nature Reserve
- Development of Health City Novena, a world-class integrated medical hub, to boost investment potential
Site Location of Perfect Ten Condo
The Perfect Ten condo is situated in Bukit Timah Road, one of Singapore’s most coveted location. It is predominantly a private residential enclave with many high-end housing developments.
Being close to the main road, it has easy access to public transport services (buses & MRT). Across it in Dunearn Road is the Anglo Chinese School (Baker Road). For direction, please click here.
The area is known to attract the well-heeled due to its proximity to Orchard Road and the Central Business District (CBD).
Orchard Road is Singapore’s upscale shopping, leisure, dining and entertainment destination while the Central Business District (CBD) is home to many Fortune 500 companies, as well as Singapore’s financial centre, the fourth largest globally.
Bukit Timah Road is also well-known for its many sough-after schools, in addition to quite a number of international schools. Hence, its appeal to many expatriate families with young children.
Despite being in the city centre, many nature attractions are just a short drive from the Perfect Ten condo. These include the Singapore Botanic Garden, Rifle Range Nature Park, Bukit Timah Nature Reserve and Hindhede Nature Park, as well as the Rail Corridor Central.
Perfect Ten’s High-End & Exquisite Design Features
Below are some of the design features that have been scrupulously conceptualised to target the high-end segment of the residential property market.
- Two Signature 24-storey twin towers with sky bridge
- Every unit specially crafted to ensure maximum privacy
- A long boulevard driveway with trees lining both sides to provide a grand sense of arrival
- Full marble grand lobby and reception, equivalent in standard to a 6-Star hotel
- Cantilevered Clubhouse above swimming pool
- Sky Bridge, Sky Pool, Sky Garden and Observation Terrace with 360 degrees unobstructed views
Perfect Ten Condo Price
The price of Perfect Ten condo has not be released yet. But being positioned as an ultra luxury development, its expected selling price is estimated to be in the region of $3,300-$3,400 psf. The prices of unit are expected to range from $2.4 million to $4.2 million. For updates, please WhatsApp Us.
The estimated pricing is derived from the following:
Occupying a land area of 9,711.3 sqm (approx. 104,531 sqft) with a plot ratio of 2.1, the new development will have a gross floor area of 20,393.7 sqm (approx. 219,516 sqft).
With Japura Development clinching the site with a winning bid of $401.9 million, this works out to be $1,847 psf per plot ratio (ppr), excluding construction and profit margin. The bid was a 13% premium over the owners’ reserve price of $355 million ($1,633 psf ppr), which includes a development charge of about $3.505 million for land use intensification.
Developer of Perfect Ten
Japura Development Pte Ltd is a subsidiary of CK Asset Holdings Limited. CK Asset was previously known as Cheung Kong Property Holdings.
Cheung Kong Ltd is a leading property developer in Hong Kong and owned by Li Ka-Shing, the wealthiest man in Hong Kong and the 19th richest person in the world. Founded in 1950, it is one of the oldest property developers in Hong Kong. The company employs more than 240,000 people and operates in more than 50 countries, which include Mainland China, Singapore and the United Kingdom.
It is involved in the development of many types of properties – hotels, offices, shopping malls, and residential projects. In Singapore, CK Asset has extensive experience in developing residential and commercial projects. Their portfolio includes Costa Del Sol, Cairnhill
Crest and Stars of Kovan.
|Project Name||Perfect Ten|
|Address||317 Bukit Timah Road Singapore 259711|
|Description||An ultra luxurious development with a 24-storey twin tower|
|Developer||Japura Development Pte Ltd, a subsidiary of Cheung Kong Holdings|
|Showflat Location||Actual Site|
|No of Units||230|
|Unit Mix||1- to 4-Bedrooms|
|Land Area||104,531 sqft|
|Total Gross Floor Area||219,516 sqft|
|Developer’s Licence No:||C1386|
|Project Account No:||141-382044-002|
|Beneficiary Bank||The Hongkong & Shanghai Banking Corporation Ltd|
Excellent Transport Network
The Perfect Ten condo is well-served by public transportation. Beside the many buses plying the Bukit Timah/Dunearn Road, it is also close to two MRT stations – Newton and Stevens – both of which are a 12-minute walk from the development.
Moreover, both are MRT interchanges. The Newton station is an interchange for the North-South and Downtown Lines while the
Stevens station is an interchange for the Downtown and Thomson-East Coast Lines
Together, they will provide Perfect Ten residents convenient access to many parts of Singapore. For example, the trains along the North-South and Downtown Lines will also take commuter directly into areas such as Marina Bay, City Hall and Raffles Place.
The National University of Singapore (NUS) and Singapore Management University (SMU) can also be easily reached. NUS is just six stops and SMU three stops from the Stevens and Newton MRT stations respectively.
For those driving, it takes less than 10 minutes to reach Singapore’s Central Business District (CBD). The Perfect Ten condo is also served by three major expressways – Central Expressway (CTE), Pan-Island Expressway (PIE) and North-South Corridor (NSC). These expressways will ensure that travelling a quicker access to other parts of Singapore.
Newton MRT Station
Stevens MRT station
New North South Corridor (NSC) to Improve Transportation Network
The North South Corridor (NSC) will be Singapore’s longest Transit Priority Corridor. Spanning 21.5 from the northern region such as Yishun, Sembawang and Woodlands to the city centre and East Coast Parkway, passing through areas such as Ang Mo Kio, Bishan and Toa Payoh. It is expected to be completed by 2026. The NSC will feature dedicated bus lanes, cycling trunk routes and pedestrian paths, to serve public bus commuters, active mobility users and pedestrians.
When completed, it will provide smoother and faster journeys for everyone by providing alternative travelling routes. At the same time, it helps to alleviate the congestion on the Central Expressway (CTE) and major arterial roads such as Newton. Inadvertently, this will
reduce traffic congestion in the city, providing a more conducive living environment.
Being situated at the city centre, Perfect Ten condo enjoys a wide variety of amenities and services – shopping centres, cineplexes, restaurants, supermarkets, banks, home repair services and many
more. Many of these can be found in Orchard Road and Novena shopping centres which can be easily reached via the MRT.
Amenities Near Perfect Ten Condo
Being situated at the city centre, Perfect Ten condo enjoys a wide
variety of amenities and services – shopping centres, cineplexes,
restaurants, supermarkets, banks, home repair services and many
more. Many of these can be found in Orchard Road and Novena
shopping centres which can be easily reached via the MRT.
Orchard Road – A Shopping & Lifestyle Haven
With Orchard Road being practically at its doorstep, Perfect Ten residents will have easy access to a plethora of shopping, dining, entertainment and leisure options.
Orchard Road is Singapore’s premier shopping belt and it stretches 2.5 km from Grange Road to Dhoby Ghaut. Lined with department stores and boutiques stocking the world’s best luxury fashion and lifestyle goods, along with restaurants, bars and hotels, it is a mustvisit destination for tourists.
Some of the internationally renowned brands that cater to the well-heeled include Louis Vuitton, Giorgio Armani, Cartier and Hermes. But Orchard Road is not only popular with tourists but locals too, as many affordable merchandises can also found there as well. These range from fashion accessories, bags, streetwear and footwear to sporting goods and more.
Novena – Specialty Shopping Malls
There are three popular shopping malls in Novena, namely United Square, Velocity @ Novena Square and Square 2. These malls are very popular with those working in Novena, a well-known medical hub. Besides shopping, there are many eateries and restaurants, as well as supermarkets such as NTUC FairPrice and Cold Storage that serve residents in the surrounding housing estates.
United Square – It is one of Singapore’s most family-oriented malls and a popular destination for those looking for books, children clothing, toys, art & craft materials, etc. It is also a children learning hub where many tuition and enrichment centres are found. These include Smart Science Lab, I Can Read, Hua Language Centre, Kindermusik With Love Studios, The Ballet & Music Company, and more.
Velocity @ Novena Square – Being positioned itself as a sportsthemed mall, it regularly organises sporting events and basketball competitions at the outdoor basketball court. There are also large
TV screens screening football matches. Unsurprisingly, it is well stocked with many famous sporting brands such as Adidas, New Balance, Reebok and Asics. Besides sports goods, there are also a few stores that specialise in hiking and rock-climbing equipment. One of its most popular outlets is Decathlon.
Square 2 – Square 2 is part of Novena Lifestyle and Medical Hub. Comprising of 200 specialty shops and food outlets, it is better known as being Singapore’s first Korean-themed shopping mall. It offers various Korean merchandise and services ranging from fashion, beauty products & wellness, household goods and delightful Korean cuisines.
A Gourmet Paradise Near Perfect Ten Condo
The famous Newton Food Centre is about a 14-minute walk from the Perfect Ten condo. It is frequented by tourists from all over the world. In the past, it was notorious for over-charging by some unscrupulous hawkers. However, due to the bad press, most have cleaned up their acts.
The food centre is popular for its eclectic mix of cultures and delicious hawker food, especially its chilli crab and barbeque seafood dishes. In 2013, it was chosen to host the SingTel Hawker Heroes Challenge where Michelin-star chef Gordon Ramsay battled three Singapore hawkers in a much-anticipated Singapore versus Ramsay cook-off.
And in 2018, it was featured in the Hollywood blockbuster ‘Crazy Rich Asians’. The film is about is about super-wealthy Chinese Singaporeans and their ultra-lavish lifestyles.
Besides the Newton Food Centre, a wide variety of food and cuisines from all over the world can be found in Orchard Road and Novena. Ranging from the affordable to the extravagant, these include fast-food outlets such as McDonald’s, Kentucky Fried Chicken and Subway Sandwiches and local food courts to Michelin
Star restaurants like Les Amis (French), Iggy’s (European), Summer Palace (Cantonese) and beni (Japanese fusion).
Newton Food Centre
The Grandstand – A Family Lifestyle & Recreation Destination
The Grandstand at Turf City is a family lifestyle and recreational destination in Bukit Timah. It occupies the former site of the Singapore Turf Club where it used to host horse-racing venue. However, it has since been repurposed as a shopping, dining and recreational destination.
Besides a supermarket, children play-centre, preschools, retail outlets and restaurants, it also offers many recreational and sporting activities. These include football, basketball, karting, archery, horseriding and paintball combat, among others.
It also houses PasarBella (a gourmet food hall) and Kidzland (an indoor children playground).
PasarBella offers a unique dining experience by serving favourite
street food from the region and around the world. At the same time, it seeks to showcase the best of the classics, modern and culinary crossovers for a truly unforgettable dining experience.
Kidzland has been touted as Singapore’s largest indoor playground and integrated family entertainment centre. There are different play areas for kids to enjoy and these include the Forest, the Beach, Magic Pen, Block and Sand and more. They also provide customised birthday parties.
Reputable Schools Near Perfect Ten Condo
There are many reputable Singapore schools near Perfect Ten condo, especially along the stretch along Bukit Timah/Dunearn Road.
It is a well-known fact that properties near good schools are in great demand due to the Ministry of Education’s distance-based school allocation system for Primary 1 admission. The following primary schools are within a radius of 1 km and 2km of Perfect Ten:
- Anglo Chinese School (Primary)
- Singapore Chinese Girls’ Primary School
Within 1km – 2 km
- Anglo Chinese School (Junior)
- CHIJ Primary (Toa Payoh)
- Saint Joseph’s Institution Junior
Besides the above, the other schools nearby include:
- Methodist Girls School
- Saint Margaret’s Primary School
- Nanyang Girl High School
- School of the Arts (SOTA)
- National Junior College
- Hwa Chong Institution
- Catholic Junior College
The Perfect Ten condo is also close to a number of international schools. Moreover, they can be easily reached via public transport.
This will attract rental demand from expatriate families with children, especially those working in Singapore’s Central Business District (CBD) where many global MNCs are located. With the CBD just a 7-minute drive or 3 MRT stations away, it is unsurprising that properties in Bukit Timah have attracted strong housing rental demand.
Some of these international schools include:
- Hwa Chong International School (HCI)
- Chinese International School
- Saint Joseph’s Institution International
- Global Indian International School Singapore
- International School Singapore (ISS)
- Hollandse School
- Chatworth International School
- Singapore Korean International School
Bukit Timah-Rochor Green Corridor
There are plans to develop a 11km Bukit Timah-Rochor Green Corridor, which will run parallel to the Bukit Timah Canal near the Perfect Ten condo. This will provide cyclists and pedestrians a continuous path between Jurong Lake Gardens, the Singapore Botanic Gardens and Gardens by the Bay – Singapore’s three main
Construction of Phase 1 of the 1.4km elevated linear sky park, which will run above the canal between Bukit Timah and Dunearn Road, will begin in 2021 and expected to be completed by 2025. It will connect to existing overhead bridges as well as the Rail Corridor near the Bukit Timah Railway Station node.
The Bukit Timah-Rochor Green Corridor, together with other nature developments, will enable Singaporeans to experience and explore the rich heritage and biodiversity of the Rail Corridor. Branching off from this major green artery, it will connect to many other many recreational connections.
Neram and rain trees are among the species that will line the initial 1.4km of the Bukit Timah-Rochor Green Corridor to create a “riverine rainforest experience”. They will also provide shade for those traversing the section above the canal. Such exciting developments will surely enhance the attraction of a development like the Perfect Ten condo as it is less than 50m away.
In the future, there are plans to extend it to the Kallang Riverside Park. This will provide a wonderful opportunity for people from the West to access the city centre in a green setting
Bukit Timah-Rochor Green Corridor
Nature Attractions – A Short Train Ride from Perfect Ten Condo
Although the Perfect Ten condo is situated in the city that is highly buildup, many nature parks are not far from the development. These include the Singapore Botanic Gardens, Rifle Range Nature Park, Bukit Timah Nature Reserve, Hindhede Nature Park and Dairy Farm Nature Park. These nature parks can be easily reached by taking a short MRT ride.
Singapore Botanic Gardens – It is just one stop from the Stevens MRT station. In 2015, it has been inscribed as a UNESCO World Heritage Site – the first and only tropical botanic garden on the UNESCO’s World Heritage List. It is also the first in Asia and the third botanic gardens inscribed in the world. The other two are Orto botanico di Padova and the Royal Botanic Gardens, Kew.
The Singapore Botanic Gardens is broadly divided into four sectors – the Tanglin Core, the Central Core, the Bukit Timah Core and the Tyersall-Gallop Core. Collectively, they provide many beautiful spots of nature that both children and adults can enjoy, such as having a picnic, a stroll in the park or simply enjoy the lush greenery and flowers. Some of the popular spots include:
Singapore Botanic Gardens
- Swan Lake
- Fish Ponds at the Green Pavilion
- The Bandstand and Vanda ‘Miss Joaquim’ Grove
- Sundial Garden
- Learning Forest
- National Orchid Garden
- Palm Valley and the Shaw Symphony Stage
- Frangipani Collection
Other than the above, an outing to the Jacob Ballas Children’s Garden may possibly be the most interesting, especially for families with young children. It is the first garden in Asia dedicated to children and its theme – ‘Life on Earth Depends on Plants’ – seeks to educate and instill a love for nature in children. The Garden provides a complete nature-learning environment where children can find out more about the ecology of plants in our environment through discovery and experiential learning.
Bukit Timah Nature Reserve – This 163ha Bukit Timah Nature Reserve includes Singapore’s highest hill, Bukit Timah Hill, which stands at 163m. It is also one of the few areas of primary rainforest in Singapore boasting a highly diverse ecology with over 500 species of fauna and 800 species of flowering plants. Popular with strollers, joggers, hikers and rock-climbers, Bukit Timah Nature Reserve was officially declared an ASEAN Heritage Park on 18 October 2011.
Rifle Range Nature Park – It is a 67ha park located south of the Bukit Timah Nature Reserve. It acts as a buffer to alleviate the heavy footfall in the other nearby nature reserves, as well as provide an alternative venue for visitors to connect with nature.
A trek through the secondary rainforest, visitors may chance upon its eclectic inhabitants – native fauna species such as the Sunda pangolin and Horsfield’s flying squirrel. Along the stream, crabs, frogs, fish and snakes can also be seen.
Bukit Nature Reserve
The Sin Seng Quarry, once Singapore’s deepest quarry, has been backfilled and transformed into a freshwater habitat with a lookout point for visitors to appreciate marsh birds.
Hindhede Nature Park – Located next to the Bukit Timah Nature Reserve, its scenic and serene environment provides an excellent spot for bird watching, trekking or simply enjoying the best nature has to offer. With easy trails and well-defined footpaths, it provides a great place for a morning or evening stroll. The park is also ideal for
families with young children and the elderly to enjoy a fascinating day out.
Dairy Farm Nature Park – Being next to the Bukit Timah Nature Reserve, it’s no surprise to find a rich biodiversity of insects, birds and mammals. Attractive butterflies like the Chocolate Pansy and Malayan Jester, amazing birds like the Magpie Robin and the Crimson Sunbird, as well as alluring mammals such as the Malayan Colugo and Long-Tailed Macaques are some of the fascinating species that
visitors may encounter.
Its secondary vegetation includes fruit trees like rambutan, jackfruit, mango trees, and other native species such as Leea indica and tiger orchids.
The Rail Corridor – The Rail Corridor was formerly a railway line that stretched from Peninsula Malaysia through the heart of
Singapore, ending at Tanjong Pagar. Long disused, it will be redeveloped into a community space for Biodiversity and Greenery, Heritage and Culture and recreational activities.
Enhancements will begin with Rail Corridor (Central), which is known for its lush natural landscapes and elements of rich heritage.
Landmarks such as the truss bridges and Bukit Timah Railway Station have been gazetted for conservation.
The Bukit Timah Railway Station will be revitalised into a distinctive community node that highlights its heritage and will include various spaces for the community to enjoy.
As the Rail Corridor is home to a rich variety of flora and fauna, the habitats along it will be enhanced to create a conducive environment for wildlife to thrive and to strengthen the ecological connection with the adjacent green spaces.
This will provide visitors on an interesting journey through a variety of landscapes, communities and unique experiences.
Rail Corridor (Central)
Health City Novena – A World-Class Integrated Medical Hub
Under the Novena Master Plan, one of its major developments will be the Health City Novena, a world-class integrated medical hub that is expected to
Targeted to be completed by 2030, it will be the largest single healthcare complex in Singapore. Healthcare space will be increased by 150%, with about 600,000 sqm of space being used for learning, teaching and healing.
The integrated development will incorporate 10 buildings, including Tan Tock Seng Hospital and 5 new healthcare facilities which will consist of a new Ambulatory Centre at TTSH in addition to specialist and intermediate care centres.
Health City Novena is envisaged to be a model for future healthcare in Singapore that combines world-class research, cutting-age treatment and medical care. The congregation of medical specialists will further underpin Singapore as an internationally renowned medical destination.
This will draw medical tourists and business travellers from across the region. And with a growing population of well-heeled city residents in proximity, surrounded by supporting offices, medical facilities, schools, hotels and amenities, a property such as Perfect Ten is expected to grow further in stature as one of Singapore’s most coveted addresses.
Health City Novena
Review Conclusion – Perfect Ten’s Investment Potential
The Perfect Ten condo, being situated in the prime District 10 of Bukit Timah Road, is one of the most coveted addresses in Singapore and it is positioned to target the ultra luxury segment of the residential property market. Surrounded by mostly high-end apartment buildings and landed homes, it will greatly appeal to the well-heeled, including rich foreign investors that typically favour properties in the Core Central Region (CCR). There are good reasons for this.
Blessed with a wide variety of restaurants, cafes, shopping malls and lifestyle options, as well as the proximity to several nature parks, it will appeal to those looking for a vibrant and dynamic living environment. For families with school-going children, the convenient access to many prestigious schools will be an added appeal.
For those looking for investment, there will be no lack of tenants as the Perfect Ten condo is close to many employment nodes in the city, including Singapore’s financial district, where a large number of global MNCs are headquartered. However, they should be realistic about rental yields as the surrounding developments are fetching mostly in the low 2.0% level.
Considering that the fixed deposit rates offered by Singapore banks are less than 1%, this is not too bad though. For investors who are looking for more attractive rental yields, perhaps they may wish to look at a property like the recently launched One-North Eden. Located in one-north, properties in the precinct are fetching yields above 3%.
Nevertheless, the lower rental yields are unlikely to deter investors looking for a niche development like Perfect Ten, which is likely to attract the well-heeled. It will also attract those looking for the excitement, dynamism and convenience of city living. As the saying goes – “location creates desirability, desirability creates demand, and demand raises real estate values”.
Should the Perfect Ten condo be priced around $3,300-$3,400 psf, it will compare very favourably versus the following luxury
developments in the core central region (CCR):
- Les Maisons Nassim (Nassim Road) – $6,600 psf
- Park Nova (Tomlinson Road) – $5,294 psf
- Eden (Draycott Park) – $5,165 psf
But for those looking for more affordable alternatives, they may consider the following (with their average selling prices indicated):
- The Hyde @ Balmoral – $2,851 psf
- Sloand Residences – $2,758 psf
- Pullman Residences – $2,730 psf
- Juniper Hill – $2,631 psf
- Royalgreen – $2,711 psf
- Fyve Derbyshire – $2,313 psf
- 10 Evelyn – $2,429 psf
Should you have any queries on Singapore property investment or if you require clarification on any property-related matters, please feel free to Whatsapp for an obligation-free information-sharing session or chit-chat.
Alternatively, you may also drop me a message below and I will get back to you shortly.
Besides Perfect Ten condo, below are other new property launches:
- Bartley Vue, a 115-unit condo development 400m from the Bartley MRT station
- Pasir Ris 8, an integrated development beside the Pasir Ris MRT station, bus interchange and White Sands shopping mall
- The Watergardens At Canberra, a low-rise condo development near the Canberra MRT station
- Parc Greenwich, an executive condo at Fernvale Lane, next to the Seletar Springs Estate
- Belgravia Ace, a freehold strata landed development in Seletar Hills Estate
- Provence Residence, an executive condo near Canberra MRT station and Canberra Plaza
- Canninghill Piers, an integrated development at Clarke Quay beside the Singapore River
- One-North Eden, a mixed-use development in one-north, Singapore’s high-tech, research and innovation hub
- Midtown Modern, an integrated development to be built atop the Bugis MRT station
- The Reef At King’s Dock, an exclusive waterfront development at Harbourfront opposite Sentosa island
- One Bernam condo, a mixed-use development at Tanjong Pagar within the Central Business District
- The Atelier, a freehold condo development at Newton in Singapore’s prime District 9
- , a District 9 condo near the Great World City shopping mall and Great World MRT station
- Kopar At Newton, an exclusive condo development opposite the Newton Food Centre
- Ki Residences At Brookvale, a 999-year development in the idyllic Sunset Way estate
- Parc Central Residences, the first executive condominium to be launched in Tampines in eight years
Meanwhile, below are some useful property guides:
- Singapore Property Investment – 5 Key Factors
- Buying A Property In Singapore – Factors to Consider
- Singapore Property Rules For Foreigners
- How to Buy A New Launch Private Property
- Home Loan In Singapore – Factors to Consider
- How to Calculate Singapore Property Stamp Duties BSD, ABSD And SSD
- Change in CPF Usage And Housing Loan Rules