Two freehold residential sites at Thiam Siew Avenue up for sale

Two freehold housing locations at Thiam Siew Avenue are available sale by public tender, with potential developers containing the alternative to secure the spots jointly or singularly, exposed special marketing and advertising agent Savills Singapore.

Standing just away from Tanjong Katong Rd inside of excellent District 15, the locations possess a combined land size of about 263,794 sq foot and are section for “Residence” use beneath the ’19 Master Plan with an allowed gross PR of 2.8.

The 135,359 sq ft site on the North contains an optimum GFA of 3hundred 79thousand 6 square feet and an estimation DC of $145.7 mil.

Sengkang Grand Residences Floor Plan

The 128,435 sq feet location on the South possesses an optimum GFA of 359,618 sq feet along with an approximation DC of $138.3 mil.

Integrating the 7 percent capacity for patios, the North plot comes with an optimum permissible GFA of 405,536 sq foot while the gross floor size of the South piece is 384,791 sq foot The estimated development charge for patios positions at $20.2 mil and $19.1 million, each.

Based on an average specifications of Eighty Five sq metre, the land parcel on the North can fit nearly 414 home units, while the allotment on the South can easily generate 3hundred 93 units, subject to the consent of relevant authorities.

Savills stated that the locations “are located among an established residential area experiencing vicinity to a plethora of amenities accessible at Katong neighborhood, that is lush in legacy, including the Paya Lebar Central neighborhood”.

The spots are adequately provided for by Dakota Train Station as well as Paya Lebar Interchange Train Station and are attached to all parts of S’pore via ECP and Pan Island Expressway.

Savills noticed in which the locations “are truly assured to gain from their immediate vicinity to Paya Lebar Central precinct, URA’s first BID preliminary programme apart from the CBD”.

Savills S’pore’s Deputy Managing Director for IS and Capital Markets Galven Tan reported real estate investors can take advantage on the plots excellent qualities to develop 1 or 2 elegant skyscraper ventures.

He included that the tender similarly offers property developers transaction positiveness considering that it happens to be cleared to the approval of the STB.

The tender for the spots closes on 18 November.

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