TMW Maxwell, a mixed-use development, is set to be unveiled for preview on Saturday (Jul 29), boasting prices starting from SS$3,000 per square foot (psf).
Collaboratively developed by CEL Development, SingHaiyi Investments, and Hong-Kong listed Chuan Investments, this 99-year leasehold project is located on the former site of Maxwell House, a 13-storey commercial building at 20 Maxwell Road.
Spanning an area of 41,799.5 sq ft, with a gross plot ratio of 5.95, the development was successfully acquired through a collective sale tender in May 2021 with a winning bid of S$276.8 million, which is 3.3 per cent higher than the S$268 million reserve price. The land rate for this acquisition was S$1,665 psf per plot ratio.
TMW Maxwell stands as the first of four residential projects to be launched in Singapore’s central business district. The upcoming developments in the area include City Development Ltd’s Newport Residences, Perennial Holdings’ Skywaters Residences, and IOI Properties’ Marina View Residences.
Comprising a single 20-storey block, TMW Maxwell offers a total of 324 residential units alongside a three-storey basement car park and a four-storey commercial podium featuring various shopping, dining, and socializing options.
Among the residential units, around 62 per cent, which amounts to 201 units, are designed as “flip/switch” studio units, offering sizes ranging from 44 square meters (sq m) to 45 sq m.
