Sceneca Residence

Finally, after 2 years of waiting, I got to know the project name of this exciting development in the East!

Sceneca Residence is the new mixed-development with private residential above the commercial podium beside Tanah Merah MRT station.

And, the project at Tanah Merah Kechil Link will comprise about 265 condo units and 21,528 sqft commercial space on the ground floor.

Located in a private residential enclave, Sceneca Residence will be the one and only mixed development in Tanah Merah.

Accessibility

First, an eye-catching attribute of this site is its location seamlessly connected to Tanah Merah MRT station.

Currently, the Tanah Merah MRT station is one stop from the Expo MRT interchange station which is also linked to the Downtown Line.

Also, the proximity to the Tanah Merah MRT station on the East-West Line (EWL) provides effortless access to commercial centres in Tampines and Paya Lebar, as well as nearby Changi Business Park, the Changi Airport and exciting future developments in Changi East.

Moreover, it is also a straight train ride to major job centres in Raffles Place and Jurong East on the EWL.

The nearest MRT station

• Tanah Merah (~1 min walk)

Shopping nearby

• Bedok Mall  (1 MRT stop away)
• Bedok Point (1 MRT stop away)
• Eastpoint Mall (1 MRT stop away)
• East Village (10 min walk)
• Tampines Mall (2 MRT stop away)
• Tampines One (2 MRT stop away)
• Century Square (2 MRT stop away)
• Ikea, Courts & Giant

Primary Schools nearby

Within 1km from Sceneca Residence:

• Bedok Green Primary School
• St. Anthony Canossian Primary School
• Temasek Primary School (on the boundary, better double check to confirm)

Between 1-2km from Sceneca Residence:

• Changkat Primary School
• Fengshan Primary School
• Red Swastika School
• Yu Neng Primary School

Commercial Centres and Employment nodes nearby

The push for decentralisation, amid improvement in public transport has attracted many companies to establish their presence in regional commercial hubs such as in Paya Lebar and Tampines.

For instance, the Tampines Regional Centre has become a location for many banks’ back-office functions, while Paya Lebar has emerged as a vibrant live-work-play destination with developments including integrated development Paya Lebar Quarter, Paya Lebar Square and SingPost Centre.

Not forgetting the bustling Changi Business Park nearby, which is home to many technology firms and financial services companies.

These employment nodes, just a few minutes from the upcoming Tanah Merah condo site via the MRT, will bring jobs closer to homes and create new opportunities for residents.

For investors seeking stable rental income, these commercial centres should offer a fairly sizable and steady pool of leasing demand.

Developer’s Background

Sceneca Residence is developed by MCC Land.

First of all, don’t mix up MCC and MCL, they are different.

MCC Land is here in Singapore since 2010.

Till date, they have a strong proven track record with multiple completed projects in Singapore which include Queens Peak (2020), The Alps Residences (2019), Poiz Residence (2018), The Santorini (2018), One Canberra EC (2015), The Canopy EC (2014), Canberra Residences (2015),

In fact, Poiz Residence is also a successful mixed-development beside Potong Pasir MRT.

Therefore, the developer’s capability is proven.

Sceneca Residence Floor Plan

TBA

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Sceneca Residence Pricing & Analysis

At the moment, we don’t have the official price list yet.

So, what I can do now is to guestimate the selling price based on the developer’s breakeven cost.

This is to avoid buying into a project whereby the developer marks up the price way higher with a buffer to discount later on.

According to EdgeProp, the breakeven is $1,583 psf.  So after factoring in a 20% profit margin, the average selling price is estimated to be around $1,899 psf.

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