From Shoebox Apartments To Gcbs

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From shoebox apartments to GCBs
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Almost a decade ago, Melvin Poh founder and
managing director of Fission Group and
joint-venture partner Yi Kai Group made a name
for themselves as developers of shoebox
apartments. The project they were most famous for
was the 293-unit Alexis at Alexandra. All the
units were sold out within three days of their
launch in early 2009. This project was followed
by the 167-unit, freehold Robinson Suites in late
2010, where all but five penthouses were sold out
in a matter of hours. The JV partners have also
collaborated on a strata-titled light industrial
development on Henderson Road called
Apex_at_Henderson.
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Highest-value asset on the market

• Now, the JV partners have their highest-value
  asset on the market a Good Class Bungalow (GCB)
  at 43 Belmont Road with a price tag of 38
  million. The property occupies a freehold site of
  15,070 sq ft, which translates into a unit price
  of 2,522 psf.
• ission Group and Pinnacle Assts purchased 45
  Belmont Road, a 31,129 sq ft GCB plot, for
  44.188 million (1,420 psf) in 2015. They
  subsequently subdivided the site into two smaller
  plots 43 Belmont Road, which was recently put on
  the market for sale and 45 Belmont Road, which
  is currently under development and will be Sohs
  new home.

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Room for flexibility

• On the first level is an en suite guest room with
  a view of a Japanese garden. There are six en
  suite bedrooms in total. The other five are
  situated on the second level of the house. The
  master suite at one wing of the house comes with
  en suite master bathroom and walk-in wardrobe.
  The adjacent bedroom can be converted into
  additional wardrobe space, a study or even a
  childs room.
• Likewise, for a multi-generational family, the
  junior master suite and adjacent bedroom at the
  other wing on the second level can be converted
  into a self-contained apartment with its own
  sitting room and pantry. Both the master and
  junior master suites boast views of the swimming
  pool.

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Contact Us

• Phone
• 8128 9565
• Email
• launchnewcondo.marketing_at_gmail.com
• Website
• https//www.launchnewcondo.com/
• Address
• Blk 25 Terrasse Lane 01-24, Singapore

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