MidTown Shopping Mall & MidTown Residences is proudly brought to you by OXLEY Holdings Limited. A rare 12 Storey mix residential and 2 level of retail podium commercial development beside MRT and Bus Interchange. Excellent location with public transport readily available at your doorstep. Link-way to Hougang MRT Station fully sheltered with a mere 5 minutes walk which provide conveniences and accessibility for shoppers and residents. Surrounded by established amenities and many good schools. Ideal place to set up your businesses with good frontage, high human traffic and great exposure. Shops, Restaurants, Supermarkets and Residential units available for booking!
Luxury facilites located on level 3. Optimum privacy and great conveniences for future residents of MidTown with direct access to all amenities and transportation. Easy access to expressway and well connected to other part of Singapore.
This well known Developer successfully acquired Hougang Plaza from CapitaMall Trust (CMT). This current Shopping Mall known as Hougang Plaza is located in Hougang central along Upper Serangoon Road at District 19 and will be redeveloped into a residential and commercial development. This rare mix development near MRT are for sale.
Pricing, Floor Plan, Site Plan, Site Map and eBrochure will be releasing soon. Register your interest with us now for Residential or Retail shops / Restaurants / F&B / Supermarket
Mix development comprised of 160 residential units on higher level and commercial units on basement 1, basement 2 and level 1.
MidTown Project Summary
Developer: Oxley Holdings
Address: 1189 Upper Serangoon Road Singapore 534785
Tenure: 99 Years Leasehold
Site Area: 57,047sqft
Expected Completion: 2017
Total Units: 160 Residential Units and 107 Commercial Units (Retail Shops, Restaurants & F&B)
Carpark: To be release
Residential Unit Mix
- 2 bedroom
- 3 bedroom
- Penthouse 2 bedroom / 3 bedroom / 4 bedroom
Commercial Unit Mix
- Retail Shops
URA Planning for Hougang District
Hougang will be an even better place to live in. Hougang and Serangoon Towns will be further enhanced and will be rejuvenated and upgraded over the next 10 to 15 years. As such, more jobs opportunities will be given and thus bringing jobs closer to home at Seletar Aerospace Park and new industrial areas in Sengkang West and Lorong Halus. With the Circle Line coming on-stream, and the completion of the Kallang-Paya Lebar Expressway , connectivity to jobs, the city, and other parts of the island, will be improved. Residents will also have more recreational options with the Sengkang Riverside Park and the opening up of Coney Island.
Hougang Plaza Acquisition
Oxley successfully bought over this commercial building from CMT for $119.1 million. The acquisition price of Hougang Plaza is more than three times the market valuation of the property, which was put at $34 million as at Dec 31, 2011, by Knight Frank. The book value of the property is also $34 million. This current 99 Years (wef March 1,1991) commercial site has a net lettable area of 75,353 sqft, and a land area of approximately 57,047 square feet – into a mixed residential cum commercial development.
Ashish Manchharam, head of investments in South East Asia at Jones Lang LaSalle, which acted as property consultant to CMT for the Hougang Plaza deal, said: “Hougang Plaza received strong interest from the market. A new development on the site is expected to be well received given the location, which is walking distance to the Hougang MRT station and within proximity to amenities.”