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CapitaLand to launch The Shelford at average price of $738 psf

CapitaLand to launch The Shelford at average price of $738 psf

Phase 1 of the freehold condo near top schools is more than 50% sold

Singapore, May 30 - CapitaLand will officially launch The Shelford this Saturday, June 1, at an average price of $738 per square foot, net of discounts. Phase one of the freehold condominium, comprising 100 units, is more than 50 per cent sold during its preview. Conveniently located at 1 Shelford Road near some of Singapores top schools, The Shelford has a total of 215 units and has proven popular with young couples and investors, and especially families with school-going children. 

Patricia Chia, CapitaLand Residential Deputy CEO for Singapore Operations said: The Shelfords excellent location tucked away in an exclusive estate allowed us to create and offer to our homebuyers a well-designed home for a lifestyle of modern comfort. Families with school-going children will definitely appreciate the convenience of having many of Singapores top schools in the vicinity. We are very pleased with the strong response from homebuyers and we will release the balance units for the official launch this weekend. 

For a limited period, homebuyers with a child currently schooling in any of the neighbouring schools near to The Shelford will enjoy a one per cent rebate on their purchase in a special Education Matters scheme. In addition, homebuyers enjoy a partial deferred payment scheme where they pay only five per cent of the purchase price upon booking a unit, and another five per cent when they sign the Sales and Purchase Agreement. The balance 10 per cent downpayment is due in September 2003, followed by the respective progress payments. 

CapitaLand will subsidise the interest payments on the homebuyers loan with Standard Chartered Bank till the Temporary Occupation Permit (TOP) is obtained. For a 25-year loan of $800,000, the interest subsidy could work out to more than $9,000 based on current interest rates. The bank will provide full legal subsidy for loans above $300,000 and two years of free fire insurance. 

The Shelford is set on a sprawling 21,544 square metre site (231,900 sq ft). Designed by Chan Sau Yan Associates along clean, contemporary lines, the condominium has two clusters formed by a total of seven blocks with five-storeys plus attic. This is complemented with a lush wooded landscaping created by award-winning landscape architect Belt Collins. 

Exuding the ambience of a hillside resort on an elevated and undulating terrain, the condominium offers buyers a choice of six unit types, from one- to four-bedrooms. Sizes for the well-designed and spacious units range from 68 sq m (732 sq ft) to 218 sq m (2,347 sq ft) with majority of the units having scenic views of the pool or landscaped gardens. Many of the units also come with an exclusive private lift lobby. 

A range of comprehensive facilities within the condominium cater to wide ranging interests. The Shelford is one of the first condominiums to feature a treehouse and campsite for the childrens dream outdoor adventure. For the adults, they can relax on aqua seats in the pool, at the therapeutic corner with foot reflexology nozzles and aromatic mist effects, Jacuzzi, two swimming pools, or work out in the gymnasium. 

Some of Singapores top schools nearby include Nanyang Girls Primary, Nanyang Girls High School, Raffles Girls Primary, Methodist Girls School, Singapore Chinese Girls, The Chinese High, Anglo-Chinese School (Barker Road), Hwa Chong Junior College and National Junior College. 

The Shelford is accessible via Shelford Road and the nearby PIE. Residents can also choose to go by the pedestrian entrance conveniently located along Dunearn Road. Clubs like the Singapore Island Country Club, Raffles Town Club and Hollandse Club are mere minutes away. In addition, nearby amenities include shopping malls, food centres and supermarkets. The condominium is expected to obtain its TOP in the first quarter of 2006. 

Interested buyers can call CapitaLands marketing hotline at 6826 6800 or the showflat at 64688107 for more information. Alternatively, they can visit the condominium website at www.theshelford.com.sg. 

About CapitaLand

CapitaLand, through its subsidiary CapitaLand Residential, is committed to creating modern and comfortable homes, and not just building houses. Its portfolio of premier, high quality residences include several quality Singapore developments such as Avalon, The Levelz, The Loft and SunGlade. It aims to build its premium position with an emphasis on product leadership and the continuous introduction of innovation including intelligent living environment and e-lifestyle residences. 

In addition to Singapore, CapitaLand also has a significant presence in China through subsidiary CapitaLand China. It is active in Australia via Australand, which is listed on both the Australia and Singapore stock exchanges, and in Malaysia through listed associate company United Malayan Land. 

CapitaLand has property, hospitality and property-related products and services spanning more than 50 cities around the world.