A New Launch Condo AFFINITY @ Serangoon North is coming your way. It is a 99 years leasehold development.

Privatised HUDC estate Serangoon Ville in Serangoon North Avenue 1 has been sold to an Oxley Holdings-led consortium for $499 million, as collective sale fever grows even hotter.

The price is well above the $400 million to $430 million the owners had been expecting when the property was put on the market last month. The sale marks the sixth collective deal so far this year – already double the three deals in all of last year and is the third former HUDC project to succeed in the collective sale market this year. The other four deals were: One Tree Hill Gardens, mixed development Goh & Goh Building, former HUDC estate Eunosville, and The Albracca in Meyer Road.

The consortium also has to pay $195 million in estimated charges to top up the lease to 99 years and intensify the land use. The additional charges and purchase price work out to a land rate of $835 per sq ft per plot ratio.

Sitting on a 296,913 sq ft triangular-shaped plot, it was privatised in 2014 and has 69 years of its lease left. It is near the Australian International School and the popular Rosyth School.

Amenities within close proximity to Affinity @ Serangoon