Singapore’s first Islamic endowment villa development was launched last Saturday by Warees Investments, the investment arm of the Islamic Religious Council of Singapore (MUIS).
Alias Villas comprises six semi-detached houses and is located along Jalan Haji Alias off Sixth Avenue. Built on wakaf land (religious endowment land), units range from 3,000 sq ft to 3,670 sq ft.
Indicative prices for the 99-year leasehold project start from $1,500 psf.
Each villa is serviced by a private lift and also offers a private roof deck, Jacuzzi, and home automation system.
A swimming pool in the middle of the property can be easily accessed by each unit.
Mr Haider Sithawalla, Chairman of Board of Directors of Warees Investments, said: “Alias Villas is a reflection of the success of the Singapore Muslim community. What used to be a humble plot of land in the middle of the old Kampong Tempeh is now going to be a prestigious residential development in the heart of District 10, at the same time, continuing a century old legacy of contributing back towards the community through its endowment objectives.”
Alias Villas is expected to obtain TOP in 2017.
Credits: Property Guru