by Ernie B. Calucag
United Industrial Corporation Limited (UIC) is set to launch the residential segment of its latest upmarket mixed development, V On Shenton, by the end of the month to city-loving urbanites.
The 99-year-leasehold commercial and residential project located along Shenton Way will offer 510 residential units, comprising a mix of studios (441 sq ft to 474 sq ft), one-bedders (484 sq ft and 506 sq ft), one plus study (689 sq ft to 743 sq ft), two-bedders (883 sq ft to 1,033 sq ft), two plus study (1,055 sq ft to 1,216 sq ft), three-bedders (1,356 sq ft to 1,765 sq ft), and penthouses (3,315 sq ft to 7,255 sq ft) units.
However, UIC said only 100 to 200 units will be released during the opening launch at an indicative pricing of S$2,200 to S$2,300 per square foot (psf).
UIC noted that the cheapest unit in the development of slightly under 500 sq ft is priced attractively below the S$1 million mark.
The 54-storey residential tower will feature a lap pool, Laundromat, outdoor island kitchens and gymnasium. Most of the higher-floor units will offer unobstructed views of the sea and city.
Located along Shenton Way, V On Shenton offers proximity to Tanjong Pagar and Raffles Place MRT stations, Marina Bay Financial Centre, Singapore Flyer, Esplanade Theatres on the Bay and Gardens by the Bay.
Set for completion by 2017, V On Shenton will also have 588 car park lots.
Meanwhile, the 23-storey office tower will not be released for sale and will be kept for the group’s own investment purposes.