On July 6, Hong Leong Holdings will unveil Kassia, their concluding venture in the Flora Drive area, just off Upper Changi Road North. Sales are slated to commence on July 20.
This 276-unit, freehold condominium marks the final chapter in the Flora Drive-Flora Road private residential enclave, initiated three decades ago by Tripartite Developers. This joint venture comprises Hong Leong Holdings, City Developments Ltd (CDL), and TID, the latter being a collaboration between Hong Leong Holdings and Mitsui Fudosan.
As part of the Flora Drive-Flora Road enclave, the condos bear floral-inspired names, introduced in alphabetical sequence. It all began with the 316-unit, 999-year leasehold Azalea Park in the mid-1990s, followed by the 365-unit Ballota Park, the 528-unit Carissa Park, the 299-unit Dahlia Park, the 517-unit Edelweiss Park, the 475-unit Ferraria Park, the 329-unit The Gale, the 501-unit Hedges Park, the 396-unit The Inflora, and the 428-unit The Jovell.
Including Kassia, Tripartite Developers will have built 11 private condominiums, totaling 4,430 units within the Flora Drive-Flora Road enclave.
The most recent project launched in this area was The Jovell, a 99-year leasehold development, in September 2018. It sold out entirely and was completed in 2022. The latest transaction involved a 904 sq ft, three-bedroom unit sold for $1.339 million ($1,481 psf) in May.
The new launch Kassia will feature four 8-storey blocks spread across a 150,839 sq ft site. The development offers units with one to four bedrooms, ranging from 473 sq ft to 1,345 sq ft.
Prices start at $883,000 ($1,867 psf) for a 473 sq ft, one-bedroom unit, $1.196 million ($1,823 psf) for a 656 sq ft two-bedroom unit, $1.659 million ($1,835 psf) for a 904 sq ft three-bedroom unit, and $2.462 million ($1,830 psf) for a four-bedroom unit.
Mark Yip, CEO of Huttons Asia, notes that recent 99-year leasehold launches in the Outside Central Region have averaged between $2,100 and $2,200 psf. Being freehold and priced from $1,800 psf, Kassia presents a rare opportunity not seen since before the COVID-19 pandemic. "This is a golden opportunity for buyers to own freehold property," Yip asserts.
The project is anticipated to receive its Temporary Occupation Permit (TOP) in November 2027. Over the years, the area has blossomed into a coveted residential enclave, especially for those employed in the eastern clusters such as Changi Business Park, Changi Airport, and the Airport Logistics Park. It's also conveniently located near the Singapore Expo, Changi Village, Changi Beach Park, and the new Komo Shoppes.
Schools in the vicinity include St Hilda's Primary School, Temasek Polytechnic, the Singapore University of Technology and Design, and the Japanese School.
According to Hong Leong, Kassia is accessible via a bus ride to seven MRT stations: Tampines East and Upper Changi on the Downtown Line; Pasir Ris, Tampines, and Expo on the East-West Line; and the upcoming Pasir Ris East and Loyang on the Cross-Island Line, expected to be operational by 2030. "We believe the new transportation infrastructure and our competitive pricing will attract buyers who value the project's attributes," says Betsy Chng, head of sales and marketing at Hong Leong Holdings.