Margaret Ville New Condo @ Margaret Drive

Developed by MCL Land Near Commonwealth/Queenstown MRT

Margaret Ville, Margaret Ville Condo, Margaret Ville MCL, Margaret Ville Margaret Drive

Overview – Margaret Ville Condo

Margaret Ville Condo Near Commonwealth / Queenstown Singapore

The upcoming Margaret Ville residential site caught the attention of fourteen prestigious property developers when the land parcel was sold to the highest bidder in December of 2016. Located along Margaret Drive within the Queenstown Planning Area, the 99-year leasehold residential site received its highest bid from developer, MCL Land.

There have been no eyebrows raised as to why the land was competed for so fiercely by many developers, as there are a number of reasons to find the land parcel attractive. Margaret Ville, as a private housing residential development, will be able to offer residents numerous locational benefits with no shortage of dining, shopping, and transportation options nearby.

Exceeding expectations for market demand by developers, many individuals have already expressed their interest in learning more about the residential property as more details are released.

Thus far, the benefits future residents will be able to enjoy have continued to draw individuals in. More information on the project location, the developer, and the amenities future residents will be able to enjoy are discussed below.

Margaret Ville – Project Details

Development Fact Sheet
Project NameMargaret Ville
DeveloperMCL Land (Regency) Pte. Ltd.
LocationMargaret Drive
District03
Tenure99 years leasehold
Site UseResidential High Rise Condominium
Total Units316 units
SITE AREA (m2)4,809.8 m2
GROSS FLOOR AREA (m2)22,195
PSF PPR$997.85 per sq ft per plot ratio.

About Developer of Magaret Ville MCL Land

MCL Land has strengthened their brand as a reputable developer of residential properties since the inception of the developer over fifty years ago. As a member of the Jardine Matheson Group under HongKong Land Holdings, the developer is able to boast an impressive corporate portfolio.

Although they have earned a solid reputation as a quality developer of residential sites, MCL Land has also been involved in numerous commercial and retail projects—thus diversifying their portfolio.

Their extensive portfolio extends beyond just the borders of Singapore and into Malaysia, where they have successfully developed properties of similar quality. As a well-regarded developer, these properties are held through more than 15 subsidiaries and associates. The residential properties they lay claim to in Singapore include the luxurious Sol Acres EC and Lake Grande, which is located in the heart of the Jurong Lake District.

The developer consistently pushes their commitment to customer satisfaction and excellence within the industry, aiming to not only solidify but expand their brand as a reputable developer among investors and other customers.

About the Location—Margaret Drive Along Commonwealth, Singapore

Entrance to Magaret Ville

Commonwealth, a developed subzone of Queenstown, lies within the central-western region of Singapore. Already containing a number of residential developments, the recently launched site on Margaret Drive will not be by its lonesome—although its novelty as a highly-anticipated condominium may mark it as a residence of exceptional prestige.

Commonwealth is home to several useful and enjoyable amenities for residents, including several schools, access to public transportation, several churches and mosques, Queenstown Community Centre, Ridout Tea Garden, and more.

Although the management of this subzone has changed several times since 1955 due to shifts in political power, Commonwealth is currently managed by Tanjong Pagar Town Council.

The location has undergone numerous developments in order to make the area a more enjoyable, habitable area for residents of Singapore. The addition of several dining venues, shopping centres, and community facilities have lended an increased vibrancy to Commonwealth, and the development of a strong transportation system has similarly resulted in optimal convenience for commuting residents.

Benefits of the Location—What Residents Can Expect from Margaret Ville

The location of the upcoming Margaret Ville site is expected to offer numerous advantages that future residents will be able to reap benefits from in their day-to-day living.

With several schools in the near vicinity for families, as well as shopping and dining venues, the stellar transportation options that are easily accessible from the development will secure convenient connectivity for future residents.

Nearby Schools

Families living within Margaret Ville will have no issues finding suitable educational institutions within close vicinity to the development. Queenstown is home to the reputable New Town Primary School and Queensway Secondary school, and therefore offers convenient access for residents of the upcoming condo to benefit from.

Shopping Centres

Local shopping amenities in the area include:

  • Tanglin Halt Food Centre and Market
  • Queensway Shopping Centre
  • IKEA at Alexandra Road

In addition, there are as well numerous other neighbourhood shops that residents will be able to venture into for everyday necessities. There are also several supermarkets within walking distance for all grocery needs.

Similar Developments Nearby Around Margaret Ville Condo

Margaret Ville Condo that is also located along Commonwealth Avenue, the large Commonwealth Towers is another upcoming residential development in the area that has gained popularity. Offering several on-site facilities and amenities for residents’ use, the location of the site has still proved to be one of the condominium’s greatest selling points—a characteristic that will likely be shared by the upcoming Margaret Ville.

With a TOP of 2019, the opening of doors at Commonwealth Towers is nearing. Located in close proximity to medical, educational, and more leisurely amenities has given it an appreciable start in attracting a plethora of interested individuals and families.

The average price as recorded over the last six months for Commonwealth Towers is S$1,746.1 psf. The price range for active listings at the development currently range from S$750,000 for the lowest-price 1-bedroom unit up to S$2.601 M for the most expensive 4-bedroom unit.

Nearby Condos Around Margaret VilleSOLD PRICE RANGEAVERAGE PSF
QUEENS PEAKS$ 1,429 – S$ 1,871S$ 1,685
COMMONWEALTH TOWERSS$ 1,439 – S$ 2,056S$ 1,735
QUEENSS$ 880 – S$ 1,255S$ 1,162
ALEXISS$ 1,178 – S$ 1,770S$ 1,629

The Urban Redevelopment Authority (URA) Masterplan For Margaret Ville

The URA’s masterplan for Queenstown has given all individuals living within the area exciting community developments to look forward to, as well as those that have already been implemented.

For instance, Queenstown is soon to house a nursing home that will nicely complement the implementation of more public housing. With a nursing home close to the area’s residential housing, all the members of families will be able to stay close to one another, thereby promoting friendly connectivity.

However, perhaps the most enticing developments in store for Queenstown include those focusing on an increase in amenities catering to popular outdoor and leisurely activities, as well as those intended to foster an increase in community identity. An expanded park network and more green spaces are scheduled to be developed as a means of providing residents with new reasons to venture outdoors.

Additionally, there will be a focus on conserving buildings that represent Queenstown’s heritage, such as the Queenstown Library—the first community library in Singapore—as well as Blocks 1, 2, and 6 of the historic Alexandra Hospital.

Register VVIP For Margaret Ville Condo

If you are interested in staying up to date on the latest details regarding the upcoming Margaret Ville, register for your early bird privileges today!