The Continuum - Condo Fact Sheet
| Item | Description |
| Name | The Continuum. |
| Development Type | 4 tower blocks, 17 storey height with roof garden (9% core), and 2 tower blocks, 18 storey height (6% core) with 8 stacks of private lifts. 1 conservation bungalow at North site. 1 overhead bridge linking North and South sites. |
| Developer: | A joint venture between Hoi Hup Realty and Sunway Developments. |
| Number of Units | 816. |
| Carpark Lots | 2 full basement carparks with 1 lot to 1 unit ratio. Total of 816 + 8 accessible lots (inclusive of 8 active EV lots). |
| Address | 8 Thiam Siew Avenue, Singapore 436846. |
| District | 15. |
| Tenure | Freehold. |
| Plot Ratio | 2.8. |
| Site Area: | 25,083.2 sq m (269,995 sq ft) |
| Overall Gross Floor Area: | 77,256.26 sq m (831,579.46 sq ft) - inclusive of Bonus Balcony GFA, Built Environment Transformation GFA, and existing Conservation Bungalow. |
| Tenure | Freehold. |
| Notice of Vacant Possession | 17 November 2027 |
| Notice of Completion | 17 November 2030 |
| Refuse Disposal | Pneumatic waste conveyance to North and South. |
| Special Feature | Green Mark Platinum + Super Low Energy (SLE). |
| Main Contractor | Straits Construction Singapore Pte Ltd. |
| Architect | PT Consultants Pte Ltd. |
| Structure Engineer | BC Koh & Partners LLP. |
| M&E Consultant | Rankine & Hill. |
| Landscape Consultant | STX Landscape Architects. |
| Project Interior Designer | 2nd Edition Pte Ltd. |
| Light Consultant | Glint Lighting Design Pte Ltd. |
| Sales Enquiry | Click Here |
The Continuum Unit Mix
The Continuum condo offers a good mix of unit sizes, ranging from 1-Bedroom + Study to 5-Bedroom. This will cater to a wide range of homebuyers and property investors. Below are the breakdown of the differents unit types:
| Description | Unit Type | No. of Units | Unit Mix | Unit Area (sq m) | Unit Area (sq ft) |
| 1-Bedroom + Study | A | 68 | 8% | 52 | 560 |
| 2-Bedroom | B1, B2 | 170 | 21% | 60-75 | 646-807 |
| 2-Bedroom + Study | B3, B4 | 136 | 17% | 65-67 | 700-722 |
| 3-Bedroom | C1-C3 | 102 | 13% | 81-106 | 872-1,141 |
| 3-Bedroom + Utility | C4-C7 | 136 | 17% | 99-121 | 1,066-1,302 |
| 3-Bedroom + Study | C8-C9 | 72 | 9% | 114-136 | 1,227-1,464 |
| 4-Bedroom | D1-D3 | 68 | 8% | 118-141 | 1,270-1,518 |
| 4-Bedroom + Utility | D4 | 32 | 4% | 158-192 | 1,700-2,067 |
| 5-Bedroom | E | 32 | 4% | 177-212 | 1,905-2,282 |
| Total: | 816 | 100% | |||
| Request for The Continuum Floor Plans | |||||
Unit Features
The units are segregated into two distinct Collections:
- Signature Collection: 1-Bedroom + Study to 4-Bedroom.
- Prestige Collection: 3-Bedroom + Study to 5-Bedroom with private lift.
- As The Continuum is not using Prefabricated Prefinished Volumetric Construction (PPVC) building method, residents will have the flexibility to knock down walls to reconfigure their rooms.
- Storeroom for all units.
- Regular and efficient layouts.
- Unit Type 4-Bedroom and 5-Bedroom Prestige Collection will have corner Living/Dining and 180 degree balcony opening.
- Island Dry Kitchen for Unit Type 4-Bedroom and 5-Bedroom Prestige Collection.
- Large walk-in closet with 4-piece bathroom for Unit Type 4-Bedroom and 5-Bedroom Prestige Collection.
The Continuum Design Features
- A pedestrian overhead bridge linking the North and South sites, providing residents with a wide array of facilities.
- Integration of old and new - to revive built heritage by conserving 21 Thiam Siew house into a clubhouse surrounded by state-of-the-art residential towers and facilities.
Conserved Thiam Siew Clubhouse.
Upgrading Thiam Siew Avenue into a wider road with selected trees and manicured landscape with public seating and a landmark private pedestrian overhead bridge will create an exclusive, unique and distinct identity that is not found elsewhere in Singapore.
- A variety of facilities from ground level to rooftop, which includes lush landscaping, a 50m lap pool, a wellness pool, pavillions, and great views towards the North/West and South/East.
- 2-storey basement carpark with a 1-to-1 parking ratio.
- Curated facilities for all - these include active and wellness facilities, sky gardens with stunning views, sky gyms, and exclusive fine-dining areas on high floors.
- Blocks are designed in a North-South orientation.
- Selected premium penthouse units with large ceiling space.
- Elegant facade design with full-height glass curtain wall, large picture-frame windows, horizontal ledges and vertical aluminium fins to accentuate the vertical element of the tower blocks.
- Clubhouses at North and South sites with 6 social spaces, sky gardens, and pavillions at ground level.
- Development to target Green Mark Platinum Super Low Energy certification.
Facilities At The Continuum
| Facilities | Description |
| Connection Pathway |
|
| Pool Facilities | North Continuum
South Continuum
|
| Clubhouses | Thiam Siew House (ie. Conservation House on North)
South Side Social
|
| Air-Conditioned Recreational & Function Rooms | Sky Garden North
Sky Garden South
|
Who are the Developers of The Continuum Condo?
The developers for Continuum Condo are Hoi Hup Realty and Malaysian conglomerate Sunway Developments. They acquired the two freehold sites for $815 million. Two of their latest developments are Ki Residences and the freehold Terra Hill.
Hoi Hup Realty – Founded in 1983, they have successfully completed a diversified portfolio of residential developments over the years. These include private condominiums, landed housing, cluster-strata housing, executive condominiums, and mixed-use commercial developments.
Sunway Group - Established in 1974, it is one of Malaysia’s top multinational property-construction corporations, with businesses in 50 locations worldwide. It has won over 200 international and national awards for building sustainable and environmentally friendly developments.
What are the Prices for The Continuum?
During the sales launch of The Continuum over the weekend of 6-7 May 2023, Hoi Hup Realty and Sunway Developments - the joint developers - have managed to sell 216 units out of the 816-unit freehold condominium. This amounts to a sales percentage of 26.5%, with an average price of $2,732 psf.
90% of the buyers are Singaporeans while permanent residents make up 10%. Foreign buyers have taken a back seat following the recent hike in ABSD which doubled from 30% to 60%.
In absolute numbers, the sales figures for The Continuum are comparable to that of Blossoms By The Park, which sold 206 units (75%) out of 275 units for a mixed-use development on 29 April 2023. The average price for Blossoms By The Park was slightly lower at $2,423 psf, but it should be noted that the property was on a 99-year lease.
Both developments were launched immediately after the latest property cooling measures that took effect on 27 April 2023.
This shows that buyers are getting increasingly price sensitive amid the uncertain global economic outlook. At the same time, a slew of supply in District 15 has added to the caution.
Hoi Hup Realty and Sunway Developments bought the two freehold development sites at Thiam Siew Avenue for S$815m via a public tender that closed on 18 November 2021.
The 25,083.2 sq m (269,995 sq ft) land parcel with a plot ratio of 2.8 is made up of 22 small plots. Factoring in an estimated development charge of S$284m, this works out to a land price of about S$1,488 psf per plot ratio. After factoring in the 7% bonus balconies (development charge estimated at S$39.3m), this translates to a land price of about S$1,440 psf ppr.
Please WhatsApp Me for a show flat viewing or to enquire about the latest pricing.
Where is The Continuum Condo Located?
The Continuum condo is located at Thiam Siew Avenue in Singapore’s District 15, flanked by Tanjong Katong and Haig Road.
The Continuum Map Location
The site is an amalgamation of two large residential land plots comprising 22 freehold pre-war semi-detached houses on either side of Thiam Siew Avenue.
Towards its North, East, and South are some high-rise apartments that are quite well-spaced apart. Hence, residents of The Continuum will still get pockets of view of East Coast Park.
Towards its West are mostly low-rise and landed housing, which will ensure good air circulation and a pleasing living environment.
The Continuum is within 10-11 minutes walk of the Dakota MRT station (Circle Line) and Paya Lebar MRT interchange (East-West and Circle Lines).
Given its proximity to the Paya Lebar sub-regional centre, Katong, and Joo Chiat, the area offers a fascinating mix of modernity, culture, and old-world charm.
Excellent Public Transport Connectivity
With the Dakota MRT station (Circle Line) and Paya Lebar Interchange (Circle & East-West Lines) within a 10-11 minutes walk from The Continuum, residents will enjoy convenient access to many major shopping, leisure, and entertainment destinations, as well as key employment nodes. Many of these can be reached via a short train ride and they include the following:
- Bugis – 4 stops
- City Hall – 5 stops
- Expo – 5 stops
- Raffles Place – 6 stops
- Changi Airport – 6 stops
- Tampines Regional Centre - 6 stops
- Marina Bay – 7 stops
Paya Lebar MRT Interchange
Dakota MRT Station
Paya Lebar Sub-Regional Centre
Marina Bay Financial Centre
Conserved Peranakan Shophouses
Peranakan delicacies and snacks
PLQ Mall
KINEX
Parkway Parade
Kallang Wave Mall
Geylang Serai Market and Food Centre
Haig Food Market and Food Centre
The Famous Katong Red House
Joo Chiat Foodie Haven
East Coast Park
Singapore Sports Hub
Kallang Riverside Park
Goodman Arts Centre
Tanjong Katong Primary School
Tao Nan School
International Schools Near The Continuum
Canadian International School
There are several international schools near The Continuum. Those looking for investment, will find a good catchment of expatriate tenants working in the surrounding employment nodes.
The nearest is Canadian International School located just 12 minutes walk from the condominium.
Several others are a short drive away and they include the following:
- EtonHouse International School Broadrick
- Olympiad International School
- 5 Steps Academy
- Nexus International School
An Investment Analysis
The area around Tanjong Katong and Haig Road is predominantly made up of landed homes and small condominium developments. Hence, The Continuum will offer a rare opportunity to own a property with such a sizeable land plot, making it a landmark in the area.
But what is the investment potential of such a big development? To answer this question, let us analyse how three condo developments near each other have performed, with all of them within walking distance of a MRT station:
- Seaside Residences, an 841-unit 99-year leasehold condo launched in April 2017 (Completion 2021)
- Questa @ Dunman, a 122-unit freehold condo launched in March 2011 (Completion 2013)
- One Amber, a 562-unit freehold condo launched in April 2005 (Completion 2010)
Price Trend Analysis: Seaside Residences vs Questa @ Dunman vs One Amber
To analyse how the three properties have performed, let’s take 2Q 2017 as the reference point when Seaside Residences was launched. As can be seen from Chart 1 above, the average price appreciation of the three properties is as follows:
- Seaside Residences: +19.34%
- Questa @ Dunman: +14.41%
- One Amber: +37.79%
Price Trend Analysis: Questa @ Dunman vs One Amber
Some Interesting Observations
Although there are some differences in the age of the properties when analysing their average price performances, they have nonetheless thrown up some interesting observations:
- The larger 841-unit 99-year leasehold Seaside Residences outperforms the smaller 122-unit freehold Questa @ Dunman ⇒ +19.34% vs +14.41%.
- The older 562-unit freehold One Amber outperforms the newer 841-unit 99-year leasehold Seaside Residences ⇒ +37.79% vs +19.34%.
- The larger and older freehold One Amber outperforms the smaller and newer freehold Questa @ Dunman ⇒ +37.79% vs +14.41%.
- Up to the point when Seaside Residences was launched, the older One Amber has also outperformed the newer Questa @ Dunman ⇒ 91.90% vs 13.84%.
Summary
In summary, the data suggest that a large freehold condo development could offer a higher rate of capital appreciation than:
- a small and newer freehold development
- a large and newer 99-year leasehold development
This could be attributed to some advantages inherent to a large freehold condo development:
- A bigger development will offer more facilities and landscaping
- A freehold development will mitigate lease decay concerns
- A larger development will have more transactions, offering a reasonable and up-to-date value of the property compared to one with a low transaction volume
- Property valuation from financial institutions and valuers is derived from recent transactions. Properties with few transactions may not reflect their actual valuation, making them less desirable, especially in a rising market
Rental Analysis
Below is a sample of freehold and 99-year leasehold properties in District 15 with their corresponding average rental yields. They range between 2.6% to 3.4%, which is quite healthy in today's market. In fact, it is unsurprising to find rental yields in the low to mid-2% for properties in the Core Central Region (CCR).
| Name of Condominium | Status | No. of Units | Completion | Average Rental Yield |
| Sunny Palms | Freehold | 56 | 2004 | 3.3% |
| Dunman View | 99-Year | 148 | 2004 | 2.9% |
| Cote D'Azure | 99-Year | 612 | 2004 | 2.8% |
| The Amarelle | Freehold | 60 | 2009 | 3.1% |
| One Amber | Freehold | 562 | 2010 | 2.6% |
| Questa @ Dunman | Freehold | 122 | 2013 | 3.0% |
| The Cape | Freehold | 76 | 2014 | 2.9% |
| La Vida @ 130 | Freehold | 43 | 2014 | 3.3% |
| The Shore Residences | 103-Year | 408 | 2014 | 3.4% |
| Silversea | 99-Year | 383 | 2014 | 3.0% |
| Amber Skye | Freehold | 109 | 2017 | 2.8% |
| Seaside Residences | 99-Year | 841 | 2021 | 3.3% |
What is notable is that rental yields show little differences between small and large, or between freehold and 99-year leasehold developments. This shows there is a strong demand for all housing types in the area for two main reasons:
- Proximity to popular primary schools such as Tao Nan and Maha Bodhi, which lie within a 2km radius of the properties.
- The popularity of District 15, which is one of the most coveted residential districts outside the CCR. This can be attributed to its combination of convenience, easy access to a wide range of amenities, and a fascinating mix of modernity and old-world charm.
Upcoming New Property Launches in District 15
Meanwhile, the Continuum may face some competition from two upcoming developments nearby:
Tembusu Grand - a 638-unit condo development by CDL and MCL Land located about 650m from the upcoming Tanjong Katong MRT station on the Thomson-East Coast Line. They clinched the site with a top bid of $768 million or a land rate of $1,302 psf ppr in November 2022.
Grand Dunman - a mega 1,035-unit condo development by the SingHaiyi Group. It was awarded the site after submitting the highest bid of $1.28 billion or a land rate of $1,350 psf ppr in June 2022.
Based on their land cost, the two upcoming condominium developments are estimated to be launched at around $2,450 psf to $2,550 psf on average, as compared to $2,700 psf for The Continuum.
New Government Land Sale (GLS) and En Bloc Sites
Meanwhile, on 8 December, the government announced that it has placed an additional 99-year leasehold site at Jalan Tembusu on its Confirmed List, which lies next to Tembusu Grand. With a land size of 221,436 sq ft, it could yield an estimated 825 units when developed. However, given the slew of new launches in the area, housing developers may be a little cautious when the site is put up for tender, estimated to take place in March this year.
Other than the upcoming government land sale (GLS), more supply will come from two freehold en bloc sites:
La Ville - Sold to Hong Kong-listed property firm ZACD Group for $152 million or a land rate of $1,477 psf ppr after factoring in an additional 7% bonus gross floor area (GFA). It is expected to yield about 107 residential units.
Meyer Park - Sold to an 80/20 joint venture between UOL Group and Singapore Land Group for $392.18 million or a land rate of $1,668 psf ppr after factoring in an additional 7% bonus gross floor area (GFA). It is expected to yield 251 residential units.
Both are higher than The Continuum's $1,440 psf ppr land rate. And given Meyer Park's substantially higher land cost, it will likely set a new benchmark for District 15 with an estimated average selling price around $3,100 psf.
Hence, with The Continuum expected to be launched at around $2,700 psf on average, it can still offer an enticing option for property investors despite the overhanging supply.
If you wish to receive the latest information on The Continuum, visit the show flat, or be updated on the latest property developments, please WhatsApp Me.
Other Property Reviews
Besides The Continuum, you may also wish to check out the following reviews of new launches:
- Skywaters Residences, a 99-year mixed-used development in Singapore's District 1.
- Newport Residences, a freehold mixed-use development in Singapore's District 2.
- TMW Maxwell, a 99-year mixed-use development in Singapore's District 1.
- Marina View Residences, a mixed-use development by Boulevard View.
- Hill House, a 999-year leasehold hilltop condo in Singapore's District 9.
- Perfect Ten, a freehold prime condo development in Singapore's District 10.
- The Reserve Residences, a 99-year integrated development in Singapore's District 21.
- Blossoms By The Park, a 99-year mixed-use development in Singapore's District 5.
- The Hill @ One-North, a 99-year mixed-use development in Singapore's District 5.
- Pinetree Hill, a 99-year leasehold condominium in Singapore's Disrict 21.
- The Arcady, a freehold condo development 6 minutes walk to the Boon Keng MRT station.
- Sora, a District 22 condominium at Jurong Lake District.
- Lumina Grand, an EC at Bukit Batok close to naure parks.
- The Arden, a 99-year condo development in Singapore's District 23.
- Lentor Hills Residences, a 99-year condo in Singapore's District 26.
- LakeGarden Residences, a 99-year leasehold condo in Singapore's District 22.
- J’Den, a 99-year mixed-use development in Singapore's District 22.
- Altura, an executive condo in Singapore's District 23.
- The Myst, a 99-year condo in Singapore's District 23.
- Hillock Green, a condo at Lentor in District 26.
- Hillhaven, a 99-year condo located at Hillview Rise in District 23.
- Botany At Dairy Farm, a 99-year leasehold condo in Singapore's District 23.
- Lentoria, a condo near Lentor MRT station.
More details on new property launches can also be found in project information.
