MCC Singapore origin’s from Metallurgy Corporation of China (MCC) which is a major company in China. MCC is a prominent figure in China’s steel industry and has achieved significant milestones in both the steel and the property industry in China as well as in Singapore.
MCC Land Singapore
MCC Singapore extends beyond property investment to other developments as well. For example, it is also involved in some of Singapore’s prominent landmark such as Universal Studios as well as Resorts World in Sentosa. With such a strong portfolio behind The Alps Residences at Tampines Avenue 10, residents can be assured that the quality of the development will be the utmost in MCC Books.
The sale of a bungalow in the prestigious Sentosa Cove recently realized 23.8 million Singapore dollars for Tampines Ave 10 Condo, around 2,775 Singapore dollars psf on the 8,576 sq. ft. land area. The bungalow stands in Lakeshore View, facing the Serapong Golf Course and it overlooks the ocean.
The per square foot price for this bungalow is the highest achieved since the sales of two MCC Land Tampines Tender properties in the same road one in May 2013 at 2,952 Singapore dollars per square foot and the other in June 2013 at 2,922 Singapore dollars per square foot. Both sales completed before the Total Debt Servicing Ratio framework was introduced later in June of 2013.
The bungalow, sold in 2015, in Lakeshore View for Tender for Tampines Ave 10 MCC Land, benefits from a Jacuzzi on the roof terrace, four bedrooms, theatre room and swimming pool arranged over three and a half levels, giving a total built area of approximately 10,000 square foot.
The buyer is a Chinese Business woman, who has lodged a caveat on the property, having exercised her option to purchase; both these actions occurred during October 2015. The sellers are three members of a family with origins in Hong Kong, siblings of which two are British citizens and one is a citizen of Singapore.
Singapore Property Development
MCC’s property development is extensive and comprehensive. A few examples of its vast portfolio include One Canberra EC and Forestville EC in the northern part of Singpapore. Private properties under its portfolio include The Santorini, mixed development Andrew Residences at Potong Pasir as well as The Nautical.
The company’s extensive portfolio is in line with its vision of creating a comprehensive and inspiring lifestyles through quality property development that will see Singapore into a global city.