Sea Pavilion Residences is an upcoming new launch apartment at East Coast being developed by Oxley Holdings.
Launch is expected end May. Contact us now to stay updated on latest developments with Sea Pavilion Residences.
Located at Upper East Coast Road, Sea Pavilion Residences offers residents unparalled convenience and a quiet, exclusive neighbourhood to stay in.
Quick navigation for Sea Pavilion Residences
- Sea Pavilion Residences location
- Development information
- Unit mix
- Floor plans
- Showflat location
- Site plan
- Sea Pavilion Residences amenities
- Shopping and entertainment
- Outdoor/fitness amenities
- Future supply
- Potential rents
- Prices in the surrounding area
- IRR and potential returns
- Developer background
- Contact us
Sea Pavilion Residences location
Development information for Sea Pavilion Residences
|Project name||Sea Pavilion Residences|
|Developer||Oxley Opal Pte Ltd|
|Address||494 Upper East Coast Road Singapore 466522|
|Expected vacant possession||31 Dec 2023|
|Expected legal completion||31 Dec 2026|
|Description of building||Proposed erection of a block of 5 storey residential building
Comprising 24 units of apartments
With swimming pool, attic and a proposed conserved sea pavilion
|No of car parks||18 with 1 surface lot and 1 handicap lot|
|1 bedroom||441 sqft (8 units)|
|2 bedroom||656 sqft (3 units)|
|3 bedroom||848 to 882 sqft (9 units)|
|Penthouses||1092 – 1555 (4 units)|
|Facilities||1st storey: Gym, jacuzzu seats, swimming pool, lounge @ sea pavilion, BBQ corner, pool deck, greenery wall
Attic: Sky lounge, sky garden
|Number of lifts||1 passenger lift serving 1st storey to attic|
|Est mainteance fee||TBC|
Sea Pavilion Residences selling points
- City Fringe location – 12 mins drive to CBD
- Located at upcoming Bayshore precinct
- Proximity to recreation and other amenities such as East Coast Park and Bedok Mall
- Beautiful landscape area designed by award winning Ecoplan Asia Pte Ltd
- Quality fittings and appliances from Bosch, Grohe and Electrolux
- Efficient unit layout to maximize space
- Singapore listed developer Oxley Holdings Limited with international presence across 11 countries
Sea Pavilion Residences Unit Mix
Sea pavilion will have a mix of 1 to 3 bedroom units.
1 bedroom units are 441 in sqft and have a total of 8 units. 2 bedroom units are of 656 sqft and have a total of 3 units. 3 bedroom units are 848 to 882 sqft and have 9 units. Penthouses are from 1092 to 1555 sqft and have a total of 4 units.
Sea Pavilion Residences Floor Plans
1 Bedroom, 441 sqft
Sea Pavilion Residences Pricing
Sea Pavilion will tentatively be priced at the following
- 1 Bedroom from $8XXk
- 2 Bedroom from $1.3Xm
- 3 Bedroom from $1.6Xm
Sea Pavilion Residences Showflat Location
The showflat for the project will be at the project itself i.e. 494 Upper East Coast Road.
Sea Pavilion Residences Site Plan and gallery
Sea Pavilion Residences facilities
1st storey: Gym, jacuzzu seats, swimming pool, lounge @ sea pavilion, BBQ corner, pool deck, greenery wall
Attic: Sky lounge, sky garden
Transport amenities near Sea Pavilion Residences
|Transport||Estimated distance||Estimated time|
|Bayshore MRT station||300m||4 min walk|
|Bedok South MRT station||730m||10 min walk|
|Bus services 10, 10E, 13, 14, 14E, 43, 48, 55, 137, 531, 853||20m||1 min walk|
|East Coast Parkway expressway exit 6||300m||1 min drive|
Childcare centres and Kindergartens near Sea Pavilion Residences
|Childcare centres||Estimated distance||Estimated time|
|Alphabet Playhouse @ East Coast||300m||4 min walk|
|Smartz Playhouse||300m||4 min walk|
|Les Petits Gaulois||380m||5 min walk|
|Ripples Monetssori Kindergarten||380m||5 min walk|
|Stepping Stones Child Care and Learning Centre||500m||7 min walk|
|My First Classroom||600m||8 min walk|
|PCF Sparkletots Siglap||600m||8 min walk|
Schools near Sea Pavilion Residences
|School||Estimated distance||Estimated time|
|Temasek Primary||400m||6 min walk|
|Temasek Secondary||400m||6 min walk|
|Temasek JC||900m||3 min drive|
|Bedok View Secondary||960m||3 min drive|
|Bedok Green Primary||1.6km||4 min drive|
|Bedok South Secondary||1.7km||5 min drive|
|Tanjong Katong Primary||1.9km||5 min drive|
|Anglican High School||2.0km||6 min drive|
|Opera Estate Primary||2.6km||7 min drive|
Healthcare amenities near Sea Pavilion Residences
Healthcare amenities around Sea Pavilion Residences include various clinics, dentists, general practitioners, dentists and polyclinics at Bedok Interchange (approx 5 min drive away), Marine Parade Central (approx 5 min drive away) and Simei town centre (approx 10 mins drive away).
Shopping and entertainment near Sea Pavilion Residences
Nearby Sea Pavilion Residences are shopping and entertainment amenities such as Bedok Mall, Bedok Point, Eastpoint Mall, Parkway Parade, I12 Katong, Marine Parade Town Centre and Changi City Point Mall.
The Joo Chiat enclave is down East Cost Road from Sea Pavilion Residences. The area offers a whole host of dining, drinking, hanging out and shopping amenities. Whilst not accessibly by foot, the Joo Chiat area is about a 5-10 min drive from Sea Pavilion Residences.
Outdoor and fitness facilities near Sea Pavilion Residences
Outdoor and fitness lovers will be glad to know that Sea Pavilion Residences is a stone’s throw from East Coast Park/Beach and Bedok Reservoir.
Both locations offer fitness enthusiasts the opportunity to rent bicycles, have an evening jog, sit by the water and meditate and much more.
East Coast Park is just across the East Coast Park Expressway (ECP) and is linked to Sea Pavilion Residences by an underpass.
Bedok Reservoir to the north of Sea Pavilion Residences is linked by a myriad of park connectors that will facilitiate the movement of cyclists.
Investment demand for Sea Pavilion Residences
Near Sea Pavilion Residences are numerous clusters that would provide some rental demand for investors in the development.
For example, Changi Business Park has a strong concentration of middle and back office personnel, in addition to high value added manufacturing activities.
Given the proximity to the East Coast Beach, many expatriates would have a penchant for living at Sea Pavilion Residences given the convenience and access to the beach.
This is in contrast to living further inland, which has proven to be slightly less popular with western expatriates.
The Singapore University of Technology and Design which is about 10 mins drive North East of Sea Pavilion Residences will also constitute a large catchment of renters for an investor.
Future supply around Sea Pavilion Residences
There are no new condominium or apartment developments completing in the area in the near future.
In terms of rental competition against Sea Pavilion Residences, there are a few larger developments such as The Bayshore, Bayshore Park and Costa Del Sol. However, these developments are much older, having been completed between 1986 and 2004.
There are some smaller developments such as Uber 388, Villas Laguna and The Tropic Gardens but Sea Pavilion Residences should feature well given its proximity to the upcoming Bayshore MRT on the Thomson East Coast line and bus stop right at its door step.
Rental yields in District 16 as reference for Sea Pavilion Residences
Based on transactions in the past 6 months for district 16 where Sea Pavilion residences is located, rental yields have ranged between 3.0% (Waterfront Isle) to 4.4% (East Village).
Most of the rental yields are in the 3.2% to 3.4% range with some outliers at 3.7% (The Glades) and 4.4% (East Village).
For investors of Sea Pavilion Residences, it is likely that rental yields will come in at the mid 3% range.
The following table shows the gross yield as computed based on transactions in the last 6 months.
|Project Name||Tenure||Completion||Gross Yield %|
|THE GLADES||99 YRS FROM 2013||2016||3.7|
|OPTIMA @ TANAH MERAH||99 YRS FROM 2008||2012||3.5|
|BAYSHORE PARK||99 YRS FROM 1982||1986||3.4|
|LAGUNA GREEN||99 YRS FROM 1995||1998||3.4|
|BAYWATER||99 YRS FROM 2001||2006||3.4|
|STRATFORD COURT||99 YRS FROM 1995||1998||3.4|
|AQUARIUS BY THE PARK||99 YRS FROM 1996||2000||3.4|
|EASTWOOD CENTRE||99 YRS FROM 1995||1998||3.3|
|BEDOK RESIDENCES||99 YRS FROM 2011||2015||3.3|
|TANAMERA CREST||99 YRS FROM 2000||2004||3.3|
|EAST MEADOWS||99 YRS FROM 1998||2002||3.2|
|THE TANAMERA||99 YRS FROM 1990||1994||3.2|
|THE BAYSHORE||99 YRS FROM 1993||1997||3.2|
|EASTWOOD GREEN||99 YRS FROM 1995||1998||3.2|
|CASA MERAH||99 YRS FROM 2006||2009||3.2|
|FAIRMOUNT CONDOMINIUM||99 YRS FROM 1996||2000||3.1|
|WATERFRONT ISLE||99 YRS FROM 2009||2015||3|
Pricing information for District 16
Over the past 10 years, per square foot prices in district 16 where Sea Pavilion Residences is has risen from S$800 psf in 2008 to S$1,200 in Jan 2018.
This represents a rise of 50% over 10 years or 4.1% on an annualized basis.
If one were an investor with a rental unit, assuming 1,000 sqft home with annual rental of S$36,000 grown at 2%, the returns would be 7.4%.
With leverage, the return would likely have been in the mid to high double digit percentage range.
These returns far beat the stock market, bonds or even fixed deposits.
If the historical trend is a guide, future returns would be in the ballpark range.
In terms of future supply in the area as competition to Sea Pavilion Residences should buyers want to purchase for investment, only Grandeur Park Residences near Tanah Merah MRT is under construction and is expected to TOP in March 2021. Grandeur Park Residences has 720 units.
Report on District 16 – Sea Pavilion ResidencesView Fullscreen
IRR and potential returns for Sea Pavilion Residences
To be advised once pricing information is released.
Oxley Holdings Limited (“Oxley” or “the Group”) is a home-grown Singaporean property developer.
Oxley is principally engaged in the business of property development and property investment.
Since its inception, the Group’s accelerated growth has resulted in a burgeoning presence both locally and overseas.
It now has a presence across twelve geographical markets.
The Group has a diversified portfolio comprising development and investment projects in Singapore, the United Kingdom, Ireland, Cyprus, Cambodia, Malaysia, Indonesia, China, Myanmar, Australia, Japan and Vietnam.
Oxley’s expertise does not lie solely in property development; the Group also renders project management and consultancy expertise in Myanmar.
Oxley’s property development portfolio encompasses choice residential, commercial and industrial projects.
Key elements of the Group’s choice developments include prime locations, desirable lifestyle features and preferred designs.
With a keen grasp of market sentiments and trends, Oxley has achieved remarkable growth since its inception.
As part of its strategic expansion, the Group has also entered into partnerships with reputable local and overseas developers as well as business partners.
In 2013, the Group acquired a 20% stake in Galliard (Group) Limited, a leading property developer in the United Kingdom.
Galliard (Group) is a property development, hospitality and management group overseeing a wide variety of developments across London and Southern England.
Since then, Oxley has also acquired a 40% stake in Pindan Group Pty Ltd, an integrated project group based in Western Australia, and an 15% stake in United Engineers, a Singaporean property development and engineering company that was founded in 1912.