By Brandon Tanoto | Posted: 21 March 2013 1928 hrs

SINGAPORE

The first mixed-use development in the west – Hillion Residences – was launched by property developer Sim Lian on Thursday.

The 99-year leasehold private condominium in Bukit Panjang integrates residential living with a retail mall and an air-conditioned bus interchange.

It will also be linked to the existing LRT station and upcoming Bukit Panjang MRT station in 2015.

The project consists of 546 units, comprising one- to four-bedroom units and penthouses across three residential blocks.

A total of 250 units will be released for sale in Phase One, with a discount of up to 10 per cent for the initial launch.

Since its preview on Monday, 50 per cent of these 250 units have been sold. The preview was open to business associates and buyers who registered their interest early.

Sim Lian said prices start from S$668,000 for a one-bedroom unit, S$886,000 for a two-bedroom unit, S$1,464,000 for a three-bedroom unit, S$1,662,000 for a four-bedroom unit, and S$2,780,000 for a penthouse unit.

The development is also located near schools like CHIJ (Our Lady Queen of Peace) and Zhenghua Primary School

Executive director of Sim Lian Group, Kuik Sing Beng, believes that the development will be attractive to a diverse range of home buyers like “families and HDB-upgraders, singles and retirees seeking convenience, and investors seeking to enhance the value of their property portfolio”.

Hillion Residences is expected to receive its Temporary Occupation Permit in September 2018.

– CNA/ms