Sterling Residences is a brand new condominium development in Stirling road, District 03. The 99 year leasehold project is sitting on a substantial plot of land at 227,221 square feet and a gross plot ratio of 4.2. The plum private housing site is located less than 300 meters away from the Queenstown MRT station.
The highly sought-after Stirling Residences condo plot of land was first made available under the Reserve List of Government Land Sales(GLS) programme in March 2010. When it launched for sale by public tender in April 2017, it attracted a whopping 13 bidders where many of them were large developers or consortium due to the capacity of the project and the financial obligation in building it.
The bidding price of the Stirling Residences site also set a record in our local real estate market with the highest tendered price crossing the $1 billion mark for a pure residential site. Which many purchasers was unsure on what could be the sale price until they came in to the showflat and was surprised that the developer actually priced it very competitive comparing to other city-fringed developments even with a higher tendered price.