City Developments Limited

The Palette - One of the Most Affordable Condominiums Near the MRT

Press Release   •   Nov 14, 2011 09:58 SGT

Indulge in the pleasures of living in a location that is best described as unparalleled in
convenience, unmatched in comfort. City Developments Limited (CDL) and its joint venture partners, Hong Leong Holdings Limited and Hong Realty (Private) Limited will be unveiling its latest residential development – The Palette. Private preview is expected to begin in the next two weeks.

Even before the show suite doors are open, eager prospective buyers have been drawn to this
development’s favorable locale and proximity to key business and education institutes. The
appointed marketing agent is also going full force at the site this weekend, attending to potential
buyers and presenting pre-launch project information to them.

Ideally located in a private estate, within walking distance of Pasir Ris MRT station, and close to
White Sands Shopping Mall, this development covers 12 blocks of up to 14 storeys each, spread
over a spacious land area the size of about two and a half football fields.
Totalling 892 units, the apartments, which come in a variety of configurations, will be attractively
priced at an early bird pricing. Prices could range from S$570,000 for a 1-bedroom unit to S$2.2
million for a penthouse. For Phase 1 of this private preview, a good selection of unit types will be
released.

Aesthetically arranged to form six interlocking pairs, the apartments sport a unique and pleasing
wave formation design that cleverly serves its practical purpose of offering enchanting views for
every resident. The north-south orientation of the apartments further optimises exposure to a
welcome cooling breeze.

The generously appointed grounds brim with an array of amenities for the enjoyment of all
residents of all ages, activity levels and preferences. From a 50-metre infinity pool, aqua gym, an
eco-pond, timber boardwalks, a fully equipped playground including a flying fox, buoy pool with
moulded spa beds, a tidal pool and even a golf simulator amongst other facilities await residents.
The development further avails itself to its strategic location, which makes it an irresistible
investment to savvy property investors. With a number of prestigious educational institutes such
as The Japanese School, United World College of South East Asia, Singapore University of
Technology and Design, The Palette sits on the catchment of a sizeable number of potential
tenants who will want to be close to their children’s schools and their place of work.

At least three business hubs – Changi Business Park, Tampines Wafer Fab Park and the Pasir
Ris Wafer Fab Park, and Changi International Airport, in close proximity offer The Palette owners
the potential to command competitive rental yields.

“As the east undergoes rapid transformation in the development of key educational institutes and
business parks, The Palette was conceived with both owner-occupiers and investors in mind. In today’s context, it is difficult to find prime properties with expansive space located near an MRT
station; and The Palette is a rare gem that offers this rare blend of luxury and convenience, at
affordable price points,” said Mr Chia Ngiang Hong, CDL’s Group General Manager.

This development is adjoining the developers’ successfully sold projects – Livia and NV
Residences. “The Paris Ris Grove estate has been thoughtfully designed. We are not just
creating just another development, but rather, raising the bar by establishing a signature private
enclave in the area. We’ve priced The Palette attractively and early buyers will be able to enjoy
the benefits of this investment. This is in line with our guiding principle to offer best value and
outstanding products to our customers,” added Mr Chia.

Rounding up the enjoyable experience of living on the pulse of the east are pockets of greenery
like the well-located Pasir Ris Park and Downtown East, providing families with convenient
access to outdoor recreational activities at their doorstep. In addition, retail hubs such as Ikea
Tampines, Courts and Giant hypermarket and malls including Tampines Mall, Century Square,
Tampines One, Eastpoint Mall allow residents easy reach to necessary amenities of day-to-day
living.

Please refer to the attached fact sheet enclosed for details on The Palette.

For media queries, please contact:

Belinda Lee
Assistant General Manager
Head, Corporate Communications
City Developments Limited
(Regn No: 196300316Z)
Tel: 6428 9315

Gerry de Silva
Head, Group Corporate Affairs
Hong Leong Group Singapore
Tel: 6428 9308