Chuan Investments, Chip Eng Seng Corporation, and SingHaiyi Group have successfully acquired a tender for TMW Maxwell development through a joint venture. The deal will see a transfer of $276.8 million to the owners of TMW Maxwell. Chip Eng Seng has the highest stake of 40%, while the other two developers share the remaining stake equally.
Sited on the 20 Maxwell Road site is a 13-storey commercial development with a gross plot ratio of 4.3. It measures 41,799 sq ft or 3,883.3 sqm with a potential gross floor area (GFA) of 21,746 sqm.
Although the site is zoned for commercial use under URA’s master plan, the developers intend to seek approval to redevelop a mixed-use development. This will increase the plot ratio to 5.6 and a GFA of 233,987 sq ft, with 20% reserved for commercial use.
TMW Maxwell’s location at the heart of Singapore’s Central Business District makes it ideal for professionals working in the city. Within the vicinity are plenty of dining, shopping and entertainment amenities allowing the future residents of TMW Maxwell to meet their day-to-day needs within walking distance.
The upcoming TMW Maxwell will also benefit from the planned rejuvenation of Tanjong Pagar and the planned developments of the Greater Southern Waterfront precinct. That means a higher property value for owners in a few years.
Under the hands of three major industry players, the future owners and investors of TMW Maxwell are guaranteed value for their money. The developers have the right skills, experience, and resources to deliver modern and comfortable living units.
A luxurious lifestyle awaits at TMW Maxwell, an opportunity not to be missed by families or singles.
20 Maxwell Road, 069113
Maxwell MRT (Thomson East-Coast Line)
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TMX Maxwell is a joint venture between Chip Eng Seng Corporation, Singhaiyi Group and Chuan Investments.
CHIP ENG SENG CORPORATION
Chip Eng Seng Corporation Limited is a Singapore-listed company and a multinational conglomerate with interests in civil infrastructure, precast technology, construction, education, hospitality, and property investment and development. It was established in the 1960s as a development subcontractor for landed properties and later gained prominence as a main constructor for HDB projects. Over the years, the company has expanded its portfolio to include the construction of executive condominiums and private condominiums. Chip Eng Seng Corporation has a strong presence not only in Singapore but also in other countries such as the Maldives, New Zealand, Australia, Vietnam, and Malaysia. The company's commitment to excellence has earned it several awards and recognition.
SingHaiyi Group Ltd is a diversified company that is rapidly expanding its presence in property management, investment, and development. The group has gained a solid reputation by identifying unique investment opportunities and successfully venturing into residential property development in Singapore, other Asian countries, and the United States. With extensive experience in the real estate industry, SingHaiyi Group has refined its diversification strategy to provide stable income while delivering value to its shareholders. The company is built on a foundation of integrity and business excellence, aiming to establish a reliable and trustworthy brand.
Chuan Investments is a wholly owned subsidiary of Longlands Holding, which belongs to Chuan Holdings, a reputable property and construction group. Chuan Holdings, established in 1970, has become one of the largest investment companies in Singapore. The group has a diverse portfolio that includes properties in other countries like the Philippines and Australia. With a strong presence in the Asia-Pacific region, Chuan Hup Holdings has accumulated valuable industry knowledge since its first residential project in Singapore. The company seeks investment opportunities that generate value for its stakeholders and clients, focusing on long-term sustainable growth.
TMX Maxwell is available for preview on 29 July 2023. TMW Maxwell will be launch on 29 Aug 2023. Kindly fill up your details for more information about TMW Maxwell new launch or to register for a VIP preview at the showflat.