Chuan Investments, Chip Eng Seng Corporation, and SingHaiyi Group have successfully acquired a tender for TMW Maxwell development through a joint venture. The deal will see a transfer of $276.8 million to the owners of TMW Maxwell. Chip Eng Seng has the highest stake of 40%, while the other two developers share the remaining stake equally.
Sited on the 20 Maxwell Road site is a 13-storey commercial development with a gross plot ratio of 4.3. It measures 41,799 sq ft or 3,883.3 sqm with a potential gross floor area (GFA) of 21,746 sqm.
TMW Maxwell’s location at the heart of Singapore’s Central Business District makes it ideal for professionals working in the city. Within the vicinity are plenty of dining, shopping and entertainment amenities allowing the future residents of TMW Maxwell to meet their day-to-day needs within walking distance.
The upcoming TMW Maxwell will also benefit from the planned rejuvenation of Tanjong Pagar and the planned developments of the Greater Southern Waterfront precinct. That means a higher property value for owners in a few years.
Under the hands of three major industry players, the future owners and investors of TMW Maxwell are guaranteed value for their money. The developers have the right skills, experience, and resources to deliver modern and comfortable living units.
A luxurious lifestyle awaits at TMW Maxwell, an opportunity not to be missed by families or singles.
TMW Maxwell Location – Unmatched Convenience
Located in prime land in the city, TMW Maxwell puts professionals in the middle of all the buzz. Everything is within a short distance which makes your life here easier. Whether it’s dining or entertainment, a wide range of hotspots are within walking distance.
TMW Maxwell is also well linked to the CBD and other key parts of Singapore through an established network of roads and rail lines. Telok Ayer, Outram, and Chinatown MRT Stations are within the vicinity and Raffles Place MRT is also closeby. Motorists are connected to major expressways like AYE, CTE, and MCE, and public transport users can count on the many bus services for smooth commutes.
There are many great malls to choose from when you need to shop, such as Chinatown Point, China Square Central, People’s Park Centre, and the Far East Square. A few steps away are the Icon Village, Tanjong Pagar Plaza, International Plaza, and Amara Shopping Centre, adding to the list of shopping options. Orchard Road and the mega VivoCity are also less than a 10-minute drive away, so there’s nothing to miss when living here.
When you don’t feel like cooking, many dining spots are nearby with wide menu options. The reputable Maxwell Road Food Centre is a few steps from your home, giving you access to tasty local to international dishes like Hainanese Chicken Rice. Also nearby are Golden Shoe Hawker Centre, Tanjong Pagar Plaza Market, and Telok Ayer Market.
As for parents looking for a family-friendly neighbourhood with wide school options, access to good schools is stress-free when living in TMW Maxwell. You can pick from Outram Secondary School, Cantonment Primary School, Chatsworth International School (Orchard), and Singapore Management University (SMU), a short drive away.
On weekends, mornings or evenings, you can soak yourself in the tranquil nature as you unwind with a jog at the nearby Telok Ayer Park. Culture enthusiasts will enjoy living footsteps from the iconic Esplanade, Singapore Arts Museum, the ArtScience Museum, and Theatres by the Bay, which are found under a 10-min drive from TMW Maxwell.
TMW Maxwell Project Details
| Project | Detail |
|---|---|
| Name | TMW Maxwell |
| Description | PROPOSED NEW ERECTION OF MIXED DEVELOPMENT COMPRISING 1 BLOCK OF 20-STOREY RESIDENTIAL BLOCK (324 UNITS) WITH PROVISION OF COMMUNAL FACILITIES, 3-STOREY COMMERCIAL PODIUM AND 3-STOREY BASEMENT CARPARKS ON LOT 00359C TS 03 AT 20 MAXWELL ROAD (OUTRAM PLANNING AREA) |
| Developer | Maxwell Residential Pte. Ltd. and Maxwell Commercial Pte. Ltd. (JV between CEL Development, Sing-Haiyi Investments and Chuan Investments) |
| Architect | Formwerkz Architects |
| Location | District 02 - Tanjong Pagar / Chinatown |
| Address | 31 Tras Street, Singapore 079934 |
| Land Area | Approx. 41,799 sqft |
| Tenure | 99-Year Leasehold commencing from 28 April 2023 |
| Residential Units | 324 residential units 11 commercial units |
| Carpark | 184 + 4 accessible lots |
| T.O.P | 30 June 2028 |
| Expected Date of Legal Completion | 30 June 2031 |
Lush greenery parks and recreation places
When not working, there are nearby places TMW Maxwell residents can head to and unwind from the busy work life. One of the nearest places with abundant greenery is Tanjong Pagar Park. The well-maintained park covers around 1.02 hectares offering a lovely green environment for residents to interact with nature. It has a nice kids playground to keep your kids entertained.
A 7-minutes walk from TMW Maxwell gets you to Duxton Plain Park. The small and narrow green tree-lined park is an excellent place for catching a breath. Another hidden oasis of tranquillity found nearby is Pearl’s Hill City Park, sited at the corner of Chinatown. The park is set around a reservoir on top of a hill, making it a perfect spot escaping from the hustle and bustle of city life.
Telok Ayer Green, Hong Lim Park, and Telok Ayer Park are also short distances. Alternatively, you can take a 7 min walk down Telok Ayer Street to Thian Hock Keng Temple, a national monument constructed in 1839. History lovers will be fascinated by the marvellous heritage site named Singapore’s oldest Chinese temple.
Tanjong Pagar Community Club, Kreta Ayer Community Centre, and Singapore Recreation Club are within easy reach for recreation. There will be no boring weekends to spend indoors for the future TMW Maxwell residents with everything nearby.
Tanjong Pagar in 5-10 years: 2019 Masterplan and 2030 Concept Plan
The Downtown has largely been Singapore’s commercial and financial heartbeat. However, things are about to change under the URA’s 2019 Master Plan and 2030 Concept Plan. The office dominant centre will feature more mixed-use developments.
Here are some of the notable developments around Tanjong Pagar in the next few years that will benefit TMW Maxwell residents:
- Greater Southern Waterfront Project: The area around Tanjong Pagar will be expanded into a space thrice the size of Marina Bay.
- Older office buildings will be refurbished into homes and hotels to make the CBD more livable.
- Addition of more housing units: Public and private housing units will be constructed once the port moves to Tuas Mega Ports.
- Development of newer residential and commercial districts along the coastline stitching more than 30km between Gardens by the Bay and Labrador Park water promenade.
- The transport system will be improved with the addition of Shenton Way and Maxwell MRT stations on the Thomson-East Coast Line. Cantonment and Prince Edward stations on the Circle Line will also be added.
- A new 5km cycling path will be added to the existing 22km connecting the downtown area.
- Transformation of Robinson Road bus corridor into a transit-priority corridor allowing more spaces for buses. Pedestrian walkways and cycling paths.
With the implementation of these policies, Tanjong Pagar and neighbouring areas will benefit from the refreshed look. The future residents can look forward to a more accommodating downtown that meets their modern lifestyle needs.
Developers
Chip Eng Seng Corporation Limited is a Singapore-listed company and a multinational conglomerate interested in civil infrastructure, precast technology, construction, education, hospitality, property investment, and development. It was founded in the 1960s as a development subcontractor for landed properties. A breakthrough happened when it was appointed as the main constructor for HDB projects. The company has grown since then and now has a broad portfolio n in the construction of executive condominiums and private condominiums. With extensive industry knowledge and experience, the Group has expanded its services to other countries outside Singapore. It has established a presence in the Maldives. New Zealand, Australia, Vietnam, and Malaysia. Their strive for excellence in their projects has earned them various awards and recognition.
SingHaiyi Group Ltd is a diversified company rapidly expanding in property management, investment, and development. By identifying unique investment opportunities, the Group has managed to establish a stellar track record in residential property development spreading outside Singapore to other Asian countries and the US. With wide exposure in the real estate industry, the Group has refined its diversification strategy to offer stable income while delivering value to its shareholders. The company is founded on integrity and business excellence, and the team endeavours to establish a reliable and trustworthy brand.
Chuan Investments is wholly owned by Longlands Holding, a subsidiary of Chuan Holdings, a reputable property and construction group. Chuan Hup Holdings was started in 1970 and has grown to become one of the biggest investment companies in Singapore. It has a diversified portfolio consisting of properties in other countries such as the Philippines and Australia. Singapore listed Group, Chuan Hup, enjoys success in the Asian Pacific Region and has amassed valuable industry knowledge since its first residential project in Singapore. The company seeks good investment opportunities that generate value for its stakeholders and clients for long-term sustainable growth.