The Crest @ Prince Charles Crescent
The newly completed architectural masterpiece by Wing Tai Holdings is one of the rare condominiums today that offers Deferred Payment Scheme to entice buyers.
If you’ve been following Wing Tai Holdings’ work in Singapore’s private residential market, you will know that it is more than capable of producing some of the finest condominiums – and The Crest at Prince Charles Crescent will add on their collection of architectural masterpieces.
Completed since 2017, The Crest may be one of the most prominent private residential development along Princes Charles Crescent and It’s almost impossible not to give it a second look when you travel along Alexandra Road.
Despite being this iconic, it was probably the most challenging project for Wing Tai due to its high land acquisition cost back in 2012.
Little did Wing Tai know that the sentiments in the property market started to decline the following year the neighboring sites under the government land sales (GLS) programme were subsequently sold at prices which were much lower.
Thus, projects such as ARTRA and Principal Garden were selling their units much faster due to the lower price point since 2015.
Moving forward into 2019, there isn’t much old stock left from the earlier projects which were launched 3 to 4 years, except for The Crest.
So how does it line up against some of the newer projects (i.e. One Pearl Bank, Avenue South Residence, and Margaret Ville) in the precinct today? Does it present itself as an interesting preposition to homebuyers and investors in today’s property market?
Let’s dive into the details and my personal review of The Crest.
The Crest Project Information
Before we go through the details for The Crest, here is a quick overview of the project information.
|Wing Tai Holdings, Metro Holdings and United Engineers Ltd
|Prince Charles Crescent
|Toyo Ito & Associates
|No. of Blocks/Storeys
|4 blocks of 5-Storey (Island Villas)
3 blocks of 24-Storey (Towers By The Meadow)
|256,026 sqft / 23,785.4 sqm
|Total No. of Units
The Crest Developer
The Crest is developed by Wing Tai Holdings, together with Metro Holdings and United Engineers Ltd.
The 3 parties (led by Wing Tai) acquired the 99-year leasehold site along Prince Charles Crescent for a whopping a $516.29 million (or $960 psf ppr) back in September 2012 via the GLS programme.
The tender drew bids from 7 other developers as well, which include the likes of City Development Ltd (CDL), Hong Leong Group, Keppel Land, and UOL Group.
Wing Tai Holdings
Established and incorporated in Singapore since 1963, Wing Tai Holdings has been one of the leading property developers in the country and was listed on the Singapore Stock Exchange (SGX) since 1989.
Wing Tai has a wide array of businesses which include residential and commercial properties; retail and hospitality – across countries such as Singapore, Malaysia, China, Hong Kong, and Australia.
Other than The Crest, some of Wing Tai Holding’s well-known and iconic residential developments in Singapore include the likes of Le Nouvel Ardmore, Helios Residences, Belle Vue Residences, and The Tembusu.
The group has also won numerous awards over the years, such as the URA Architectural Heritage Awards, the Singapore Landscape Architecture Awards, and the BCA Universal Design Awards, etc.
Listed on SGX since 1973, Metro Holdings was first founded and established back in 1957 by the late Ong Tjoe Kim.
The group started out as just a textile store along High Street in Singapore and grown over the years to become a real estate investment group with a diversified and expanded asset portfolio.
Metro is, in fact, one of the most well-known major retail companies in Singapore and its departmental store business has become a household name to many over the last few decades.
Today, Metro Holdings focuses mainly on 2 market segments – real estate development and investment, and retail. Its businesses are evolved within key markets such as Singapore, Indonesia, China, and the United Kingdom.
United Engineers Ltd
United Engineers Ltd was (UEL) founded way back in 1912 and it is one of Singapore’s pioneer organizations that played a crucial in the countries economic growth and transformation.
Despite focusing mainly on the engineering segment, UEL has slowly evolved into a dynamic organization with key businesses revolving around real estate development, investment, manufacturing, and hospitality.
Some of UEL’s projects include Eight Riversuites, The Rochester, Orchard Gateway, and UE BizHub EAST. The group also developed and own several shopping malls in Singapore including Rochester Mall, UE Square, and The Seletar Mall.
The Crest Location
The Crest is located along Prince Charles Crescent, in District 3 of Singapore – right next to Crescent Girls’ School and Principal Garden condo.
In fact, it is also situated along the fringe of District 10 where it comprises some of the most expensive landed homes in Singapore – a prestigious landed enclave of all the good class bungalows – namely Bishopsgate, Jervois, and Chatsworth.
Spreading across an approximate of 256,026 sq ft of land, embedded with lush greenery and that nature-feel, The Crest certainly offers home-stayers another level of affluent living.
Located within close proximity to Orchard Road shopping belt and the Central Business District (CBD), The Crest condo will certainly appeal to many property buyers looking for a quality & beautiful home and for prudent investors who are seeking for excellent capital growth and rental demand.
With Redhill MRT Station just a mere walking distance away (about 800 meters) from The Crest. Thus, getting to anywhere in Singapore is simply a breeze!
For those who into outdoor activities, the Alexandra Linear Park Connector & Canal is just right outside The Crest which leads all the way to the Singapore River via River Valley.
Along the river stretch, you’ll find several entertainment hotspots such as Boat Quay, Clarke Quay, and Robertson Quay.
At The Crest condominium, you’ll find an endless amount of activities to do – whether it is just a light and relaxing stroll after dinner or an adventurous cycling expedition over the weekend.
The Crest Condo Facilities and Design
The Crest will be a truly unique development within the prestigious enclave where you will find a perfect blend of affluent culture & legacy, together with contemporary & stylish living.
It is clearly defined into the landscape of The Crest, giving every resident that elegant sense of living in a work of art!
Towers by the Meadows
The Crest comprises of 7 residential blocks in total – 3 high-rise and 4 low-rise blocks.
The three 23-storey residential towers are also known as the “Towers by the Meadows”. Each has an intriguing design which offers residents spectacular views of the surrounding.
On the top level of these towers, you will find garden spaces and The Crest Club – which is the perfect spot to host your guests and family. At the Crest Club, you will an entertainment suite which is also a theatrette, recreational spaces for dining and also the sky gym.
On the other hand, the four 5-storey residential towers are called “Island Villas”. They certainly live up to their names as each tower interconnects with the condo’s greenery and waterscape.
The units located on these Island Villas are clear representations of ‘luxury meets nature’ and only 2-bedroom and 4-bedroom units are available in these towers.
The Crest Architect
Designed by renowned award-winning Japanese architect, Toyo Ito, who is a leading exponent of architecture and is crowned “one of the world’s most innovative and influential architects”.
Back in 2013, Mr. Toyo Ito received what is possible the industry’s most prestigious accolade which is equivalent to the Nobel Prize in architectural design.
Not only The Crest, but he was also the man behind the design for the prestigious Belle Vue Residences in District 9, and also one of Singaporean’s favorite mega shopping mall Vivo City.
The Crest Floor Plans and Unit Types
The Crest comprises of 469 units in total, ranging from 1-bedroom units to 5-bedroom units spreading across 7 residential blocks. It has already received its TOP and was completed back in 2017.
Here is The Crest floor plan for each unit types.
- 1-Bedroom (614 to 775-sqft)
- 2-Bedroom (743 to 1044-sqft)
- 3-Bedroom (1033 to 1658-sqft)
- 3-Bedroom Dual-Key (1141 to 1335-sqft)
- 4-Bedroom (1367 to 1744-sqft)
- 5-Bedroom (1841 to 2002-sqft)
- 2-Bedroom Villa (904 to 1033-sqft)
- 3-Bedroom Villa (1173 to 1378-sqft)
- 4-Bedroom Villa (1604 to 1884-sqft)
The Crest Showflat
The Crest has already been completed and prospective buyers can view the actual showflat within the development. You will be able to view most of the unit types available for sale.
Here are some pictures from The Crest showflat. (Photo credit: SRI)
The Crest Price Guide and Units for Sale
The following is the price guide for The Crest and is accurate as on 25 July 2019.
- 1-Bedroom from $1.25 million
- 2-Bedroom from $1.721 million
- 2-Bedroom + Study from $2.098 million
- 3-Bedroom from $2.415 million
- 3-Bedroom Dual-Key from $2.219 million
- 2-Bedroom Villa from $2.075 million
- 4-Bedroom Villa from $3.502 million
Please note that prices may be subjected to future discounts being offered and changes
According to the developer, there are ready units for sale at The Crest – both vacant and tenanted. If you are an investor, the tenanted units will probably be the most suitable for you.
Other than the normal payment scheme, the Deferred Payment Scheme (DPS) is also being offered at The Crest. So do drop us a note using the form below if you are interested to find out more.