Bukit Sembawang Estate had acquired Liv @ MB, a residential property situated in District 15 of Singapore through its subsidiary for $345 m. The buying price is 20% more than the reserve price, which set at $288 m. The site attracted a total of 10 bidders.
The sale price for Liv @ MB reflects a land rate of $1,280 psf ppr factoring the top-up of about $60 million for extending the lease. Owners of the units are expected to receive anything between $2.25 and $3.23 million. But owners of the penthouses will receive higher amounts ranging from $4.95 million to $12.08 million.
Sitting on the site is a 31-year-old property comprising of 5 penthouses, 111 apartments and 2 commercial units. The site has a land area of 140,758 sq ft. It has a plot ratio of 2.1 and can be developed for residential purposes, rising to 24-storey as per 2014 Master Plan guidelines.
The developer drew interest on the site due to its excellent connectivity to the future Katong Park MRT Station. The location of Liv @ MB is also strategic. Many iconic landmarks also surround it. The upcoming Liv @ MB condo is set to be a high-quality development providing unobstructed scenic views of the beautiful city’s skyline.
LIV @ MB’s strategic location. It is famous internationally being a key transport hub connecting to various destinations worldwide. But if you want to get the most of the small island then living in the thriving Katong neighbourhood is a great choice. It allows you to stay close to most of the attraction that many people desire to live in Singapore.
Katong is one of the coolest neighbourhood with several amazing things in store for its residents. It features amazing shopping destinations at Katong V, Parkway Parade and 112 Katong that allow residents to get anything they can think of close to their doorstep. Besides. Restaurants like the Katong Laksa, bars and cafes are dotted around the neighbourhood offering quality services and food.
Staying in this neighbourhood also allows you to access the nearby schools like Chung Cheng High School, which is about 10 mins walk from your future home at Liv @ MB. Accessibility to the numerous amenities available in the area is made easy due to the excellent transportation network.
A 7 mins ride through Mountbatten Road will get you to The Marine Parade Public Library that is found at 278 Marine Parade Road. Residents of Liv @ MB who need medical attention can connect to the nearby Katong Baby & Child Clinic and SigHealth Polyclinic Marine Parade.
For those who love engaging in community activities, Geylang Serai Community Centre and Katong Community Centre are the perfect places. Being situated close to your home means you will have an easy time accessing them, having fun and meeting new friends.
|Liv @ MB
|1 Block of 20-Storey and 3 Blocks of 19-Storey. Communal facilities - Main Pool, Playground, Beach Villa, Play Pool, Gymnasium, Water Gym, Bicycle Yard, Garden Villa, Sky Lounge, Dining Lounge, Sky Grill, Lap Pool, Study Lounge.
|BSEL Development Pte. Ltd.
|Arc Studio Architectural + Urbanism Pte. Ltd.
|D15 - KATONG, JOO CHIAT, AMBER ROAD
|114A - 114D ARTHUR ROAD
|approx. 140,758 sqft
|99-Year leasehold w.e.f 23 November 2021
|285 Basement Carpark Lots
|1 April 2026
|Expected Date of Legal Completion
|1 April 2029
|495 - 667
|624 - 1,044
|1,119 - 1,453
|1,518 - 1,668