LIV @ MB
A Luxury Condo in the East Coast
LIV @ MB Overview
It is exciting to unveil a new project LIV @ MB - the redevelopment of the Katong Park Towers - as a new year begins. The former site was sold to a subsidiary of the award-winning residential developer Bukit Sembawang Estates for $345 million, about 20 per cent above the reserve price of $288 million. Over half a century old, Bukit Sembawang Estates is reputable, experienced and has built some of Singapore’s most well-known residential developments.
LIV @ MB is targeted to launch in Q2 2022. Please follow Quick Links in this review to find out more facts and analysis or feel free to register your interest / contact us for latest movement.
LIV @ MB is a new private condominium located along Arthur Road in the prime District 15. Situated in an upmarket district, LIV @ MB is surrounded by low rise landed properties and similar developments. Moreover, LIV @ MB sits at the edge of the city, with East Coast Park just right around the corner.
Why LIV @ MB?
1. Just a short 9 minutes walk from LIV @ MB to the huge and idyllic East Coast Park.
2. The upcoming Thomson-East Coast Line (TEL) Katong Park station, set to complete by 2023, is just some 4 minutes walk away.
3. A mere 4 MRT stations away from Marina Bay Financial Center
4. Close proximity to major transformation area, Straits View, Marina South and Marina East
Project Details
| Project Name | LIV @ MB |
|---|---|
| Location | Arthur Rd, Singapore |
| District | D15 |
| Developer | Bukit Sembawang Estates |
| Site Area | Approx. 140,758 sq ft / 13,077 sqm |
| Plot Ratio | 2.1 |
| No. of Blocks/Storeys | Upto 24 storeys |
| Total No. of Units | TBA |
| Tenure | 99 Years Leasehold |
| TOP | Est. 2025 |
Location
LIV @ MB
Connectivity
| Nearby MRT | Approx. Distance | Approx. Time |
|---|---|---|
| Katong Park (U/C) | 360 m | 4 min walk |
| Mountbatten (CL) | 900 m | 13 min walk 8 min by bus |
| Dakota (CL) | 1 km | 9 min by bus |
| Nearby Bus Stop / Bus services | Approx. Distance |
|---|---|
| Katong Pk Twrs 12, 14,196 | 70 m |
| Opp Santa Fe Mansions 12, 14,196 | 150 m |
Currently, the nearest MRT Station available to LIV @ MB is Mountbatten and Dakota Station (CL) which can be reached within 10 minutes if one chooses to take any bus at the bus stop right outside the condominium. On the other hand, in 2023 when the new MRT line is slated to be completed, a 5 minutes walk can bring residents to the Katong Park Station (Thompson East Coast line) and travelling will be made even more accessible.
Bus stops are located right outside the LIV at MB condominium. Furthermore, the bus services at these bus stops connect commuters between Pasir Ris and Tanjong Pagar, Bedok and Clementi. There’s even a direct bus to St Patrick’s School and Temasek Secondary School, etc.
Drivers residing in LIV @ MB will find the ease of travelling around the country via the East Coast Parkway (ECP) and the Nicoll Highway, which is only 2 minutes and 4 minutes away respectively.
Back in 1983 URA’s urban design plan, Marina Bay was envisioned to become city core with gradual phase from Marina Central, Marina South to Marina East. Marina South was earmarked as the new CBD extension and would contain mainly mixed use commercial and residential developments with 9,000 new homes built next to Gardnes by the Bay, while Marina East would be mostly for residential use.
LIV at MB condo at the backdrop of the greater marina bay extension, will enjoy greater upside potential in the long run.
Work
Drivers take an estimated 12 minutes drive to reach Changi Airport or Central Business District. Otherwise, around 4-5 train stops to reach the Central Business District.
Healthcare
The nearest hospital to LIV @ MB is the Parkway East Hospital which is 10 minutes drive away, whereas general hospitals like Tan Tock Seng and Singapore General Hospital is 15 minutes and 17 minutes drive away respectively.
Education
Parents will appreciate the proximity to schools. Preschools are of walking distance, which makes it all the more convenient. As for primary schools, there are 2 schools, Geylang Methodist School and Kong Hwa School, that are within 2 km from the site of LIV at MB. There are renowned SAP schools like Dunman High School and Chung Cheng High School (Main) nearby.
| Level of education | Approx. Distance | Approx. Time |
|---|---|---|
| Preschool school | ||
| EtonHouse International Pre-School Mountbatten 718 | 0.25 km | 3 min walk |
| EtonHouse Pre-School Mountbatten 717 | 0.35 km | 4 min walk |
| Little Skittles International Preschool | 0.5 km | 6 min walk |
| Primary School | ||
| Geylang Methodist School | Within 2 km | 15 min walk |
| Kong Hwa School | Within 2 km | 16 min by bus |
| Secondary school | ||
| Dunman High School | 0.75 km | 9 min walk |
| Chung Cheng High School (Main) | 0.9 km | 11 min walk |
| Tanjong Katong Girls' School | 2 km | 19 min by bus |
| Tanjong Katong Secondary School | 2.2 km | 20 min by bus |
| Post Secondary | ||
| Dunman High School | 0.75 km | 9 min walk |
| Victoria Junior College | 4.5 km | 30 min by bus |
| Temasek Junior College | 6.3 km | 33 min by bus |
| University | ||
| James Cook University | 3.1 km | 8 min drive |
| International School | ||
| EtonHouse International School Broadrick | 2.2 km | 12 min walk 7 min drive |
| Canadian International School Singapore | 3.4 km | 13 min by bus 9 min drive |
Shopping / Food / Market
There are a plethora of shopping malls in the area, with Parkway Parade being the biggest and most popular option. Parkway Parade is the go-to mall for residents in East Coast as its 7 storeys filled retailers have almost everything covered, moreover it is just 5 bus stops away.
Since LIV at MB is also located near the Singapore Sports Hub, the malls there are naturally very accessible too, about 5 minutes drive away, providing residents with even more dining and shopping options.
A little further away from LIV @ MB, there is a Katong shopping mall cluster (the bolded names listed in the table). It consists of smaller and a few relatively older malls, however they cater mostly to consumers’ service needs, even in some niche areas where one can no longer find in other malls.
Katong Shopping Centre, for instance, although old, it has a glorious history of being the first air-conditioned shopping mall in Singapore. I12, on the other hand, can be considered as a food heaven with bountiful dining options. In addition, Suntec City and City Square mall, two of the largest malls in Singapore are also incredibly accessible. Therefore, residents’ dining, shopping, service, entertainment and also banking needs are satisfied by these numerous malls nearby, giving residents a wealth of alternatives.
A foodie will definitely know that Katong has a well-established reputation for comprising much mouth-watering food, ranging from different cuisines and prices. Many new cafés have popped up in the area, while many beloved traditional food stalls are still going strong.
Along the Joo Chiat street and the East Coast Road are where most of the must-try food stalls lie. Some all-time favourites are the 328 Katong Laksa, Ampang Niang Tou Fu, Jimoto Dining, Sinpopo and more…
Residents of LIV @ MB can go explore and test out the food for themselves in the future, and they will not be disappointed. From hawkers to cafés to restaurants, residents will be spoiled with choices. Again, these places are even more enticing because they are reachable within 10 minutes drive.
In addition, LIV @ MB is also considerably close to the famed Old Airport Road Food Centre, where there are over 150 hawker stalls and a myriad of well-known dishes too. Not only are they finger-licking good, but also relatively cheap, so it is totally worth the price and time. Residents will only take 6 minutes to reach the destination by car. For Muslim residents, there is the Fatimah’s Eating Place featuring a variety of delicious Indian and Halal cuisines.
Fortunately, one does not have to travel far to obtain all their grocery needs. Residents are even presented with a wide array of common supermarket chains nearby to shop in, all within a 10 minutes drive.
Recreational
| Places | Approx. Distance | Approx. Time |
|---|---|---|
| Katong Community Centre | 0.45 km | 6 min walk |
| Katong Park | 0.6 km | 6 min walk |
| East Coast Park | 0.75 km | 9 min walk |
| The Singapore Sports Hub | 1.2 km | 3 min drive |
| Goodman Arts Centre | 2 km | 5 min drive |
All residents of LIV @ MB condo have to do to drive away their boredom is to step out of their condominium. Parks like Katong Park and East Coast Park are just a few minutes walk away, where they can exercise, take a stroll, have a picnic or even BBQ. There are multiple playgrounds for children to play at too. According to the URA, East Coast Park is in the process of improvement, hence residents are able to enjoy better and expanded facilities like the upgraded Big Splash, Cyclist Park, new dining outlets and more in the future. Visiting the park is a great way to get active and closer to nature.
Another place for recreation is the Katong Community Centre where people in the neighbourhood converge and learn new skills. Residents can sign up for a yoga class, dance class, fitness class anytime, or even participate in the festive events there.
Sporty families in LIV @ MB will be especially delighted to know that The Singapore Sports Hub is just a 3 minutes drive away. There are ample activities, classes and comprehensive facilities for people of all ages to enjoy. Since it is a fully integrated sports, entertainment and lifestyle hub, it is crafted to suit every family. Concert goers will also appreciate the proximity.
Lastly, residents who have a passion or interest in art will enjoy the only 5 minutes drive from LIV @ MB to the Goodman Arts Centre, where countless events and activities are held. Also, it is a kid friendly place as many of the events are targeted at them. The LIV @ MB site has a rich history, most notable was that it originally served as the campus for the LASALLE College of the Arts.
LIV @ MB Site Plan
LIV @ MB Floor Plan
LIV @ MB Price, Unit Types, Sizes
| UNIT TYPE | No. OF UNITS | SIZE | PRICE |
|---|---|---|---|
| Studio | |||
| 1 Bedroom | |||
| 2 Bedroom | |||
| 3 Bedroom | |||
| 4 Bedroom | |||
| 5 Bedroom | |||
| Total |
*Disclaimer: All information is subject to change at developer's discretion.
LIV @ MB Price Comparison
Katong Park Towers has been sold to a subsidiary of Bukit Sembawang Estates for $345 million, about 20 percent above the reserve price of $288 million.
The sale price works out to a land rate of $1,280 psf per plot ratio, taking into account an estimated $60 million for topping up the lease. Factoring in all the building cost, labor cost and marketing cost, the launch price could come around $2100-2200psf.
With reference to price list of 3 bedrooms, LIV @ MB price will be on the high side comparing to its nearby properties, unless developer is willing to sell at breakeven price at the initial launch and push up price higher in future phases.
Being the only 99 year leasehold property in the area, it needs to price right to attract potential buyers. Read further - freehold vs 99-year lease hold.
Some thoughts on LIV @ MB
- Being one of the biggest site in the area, Liv @ MB will standout as a quality home option with superior landscaping and facilities for owners to enjoy.
- This development would suit people who are looking at short-mid term investment horizon. While for those who are looking at >10 years holding period, should consider freehold options nearby. It's observed that 99yrs lease property price appreciation starts to slow down after 15yrs compared to its freehold counterparts. Alternatively, owners can continue to hold and wait for en-bloc, which normally happens in 30-40 years time as what happened to its former building - Katong Park Towers.
- Units facing North or West will have unblock landed or city view. However, seaview is unlikely to be found here, maybe pocket view for certain stacks only.
- For family with school-going kids, primary schools is lack of options here. There are reputable secondary schools though - Dunman High & Chung Cheng High are both nearby.
FAQ
LIV @ MB is estimated to be launched in Q2 2022.
The cost is $1,280 psf per plot ratio. The estimated launch price could come around $2100-2200psf.
LIV @ MB is 99 years lease hold.
LIV @ MB is located in Arthur Road, district 15.
The upcoming Thomson-East Coast Line (TEL) Katong Park station, set to complete by 2023, is just some 4 minutes walk away.
Bukit Sembawang Estates, incorporated in Singapore in 1967, listed on the Singapore Exchange, BSEL now focuses on property development, investment and other property-related activities.
The TOP of LIV @ MB is estimated to be in 2025/26.
The End
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