After 14 years, the tranquil and lush community of Pine Grove welcomed a new development, Pinetree Hill, set to debut in July 2023. The luxury condominium, a joint venture between UOL Group (UOL) and Singapore Land Group (SingLand), has significantly raised the capital values in District 21.
Comprising of 520 units spread over three high-rise residential towers, this 99-year leasehold project offers a diverse range of unit types, from a 538 sq ft one-bedroom-plus-study to a 2,874 sq ft five-bedroom penthouse, to cater to different lifestyles. The project has already sold 63% of the 400 units released in Phase 1 at an average price of $2,430 psf. With construction in progress, the on-site sales gallery has been closed, and a new one has been erected on Holland Road.
A new phase of 120 premium units under Phase 2 is now launching at Pinetree Hill, mainly high-floor units across all unit types. These units boast stunning green views of the neighbouring Clementi Forest and Bukit Timah Nature Reserve. The project is designed by renowned architect P&T Consultants and is built on top of a 10m hillslope, with the towers raised 12.6m above ground. The residential units start from the second storey (equivalent to eight storeys above street level along Ulu Pandan Road), occupying only 12% of the 242,563 sq ft site. The remaining 88% is dedicated to lush landscaped gardens, pools, and communal facilities, designed by acclaimed landscape architect Henning Larsen. The project’s unique feature is the three “Pinetree Nests” – nest-shaped pavilions suspended from the heavily landscaped 10m slope, overlooking Clementi Forest.
Despite almost half of the units sold, Pinetree Hill still offers choice units across different types, with the newly released high-floor units under Phase 2 launch. Prices start from $2,313 psf.
Units are priced to cater to different lifestyles and are attractively priced, with larger sizes compared to post June 1, 2023, when developers have to consider the revised URA guidelines on strata area and gross floor area (GFA) for government land sales (GLS) projects. The unit sizes of new projects will, therefore, be smaller. UOL-SingLand purchased the Pine Grove GLS site in June 2022, a year before these revised guidelines came into effect. For an investment of $2 million, buyers can get a two-bedroom premium plus study unit. Young families can easily convert the study into a nursery or a cozy bedroom for a young child.
.
The soaring demand for condos in Singapore can be attributed to the country’s limited land availability. As a small island with a rapidly expanding population, Singapore is facing a scarcity of land for development. Thus, the government has implemented strict land use policies, resulting in a highly competitive real estate market where property prices continue to rise. This has made investing in real estate, specifically condominiums, a highly attractive option due to the potential for significant returns on investment. With options like Singapore Condo available, it is no wonder that the demand for condos in Singapore remains consistently high.
Residents of Pinetree Hill can enjoy a broad spectrum of facilities, including a 50m swimming pool, tennis court, half-basketball court, clubhouse, and dining pavilions. For nature lovers, the nearby Clementi Nature Trail (opened last year) offers a 2km trail connecting the Rail Corridor to the new nature park at Dover Forest. Families with school-going children will appreciate the development’s proximity to top schools such as Henry Park Primary School and Pei Tong Primary School. It is also near the National University of Singapore, one-north, and the science parks. The project is located within District 21 and is close to popular lifestyle and dining options in Holland Village, Chip Bee Gardens, and Dempsey Hill. It is also within easy reach of malls like One Holland Village Mall.
Pinetree Hill is expected to be completed in 2027 and is conveniently located near the existing Dover MRT Station on the East-West Line and the upcoming Maju MRT Station on the Cross Island Line. For those who drive, the development is only a 10-minute drive from Singapore Botanic Gardens, Orchard Road, and one-north business park, as well as a 15-minute drive from the CBD and Jurong Lake District. It is also easily accessible via the Ayer Rajah and Pan Island Expressways.
UOL and SingLand are known for their successful projects, such as Watten House, AMO Residence, and The Watergardens at Canberra. These projects have received overwhelming response from buyers and are fully sold. For enquiries, interested buyers can call 8200 6060 or visit their website at www.pinetreehill.com.sg.