Two freehold residential sites at Thiam Siew Avenue up for sale

Two lease free housing spots at Thiam Siew Ave are up for deal via communal tender, with potential real estate investors containing the option to obtain the spots jointly or singularly, announced private promotion and marketing professional Savills S’pore.

Placed just over Tj Katong Rd amongst prime District Fifteen, the plots contain a combined land area of almost 2hundred 63thousand 7hundred 94 square foot and also are section for “Housing” application within the 2K19 Master Plan using an allowed gross plot ratio of 2.8.

The 1hundred 35thousand 3hundred 59 sq feet spot on the North contains a top gross floor size of 379,006 sq feet as well as an estimation dvlpmt charge of $145.7 mil.

The 128,435 square feet spot on the South features a top gross floor area of 3hundred 59thousand 6hundred 18 square foot and an estimation DC of $138.3 mil.

Incorporating the 7 percent area for balconies, the North allotment holds a highest allowable gross floor size of 4hundred 5thousand 5hundred 36 square ft while the GFA of the South plot is 3hundred 84thousand 7hundred 91 square feet The approximation development charge for verandas remains at $20.2 million and $19.1 mil, each.

Based upon an ordinary measurement of Eighty Five sq m, the land plot on the North can easily fit almost 414 housing units, while at the same time the parcel on the South can easily yield 393 units, based on the green light of relevant authorities.

Provence Residence Floor Plan

Savills revealed the spots “are snuggled inside an established residential enclave appreciating proximity to a wide variety of facilities accessible at Katong area, which is elaborate in culture, plus the Paya Lebar Central precinct”.

The spots are really satisfactorily provided by Dakota Train Station as well as Paya Lebar Interchange Train Terminal that are linked to entire parts of Singapore through ECP also PIE.

Savills indicated that the locations “are poised to gain from their nearby vicinity to Paya Lebar Central precinct, URA’s first BID pilot programme away from the CBD”.

Savills Singapore’s Deputy Managing Director for Investment Sales and Capital Markets Galven Tan mentioned real estate investors may make the most on the spots superb credit to produce 1 or 2 elegant high-rise ventures.

He further mentioned that the tender additionally grants real estate investors transaction positiveness as that it is not subject to the authorization of the STB.

The bid for the sites wraps up on 18 November.


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