Two freehold residential sites at Thiam Siew Avenue up for sale
Two lease free residential plots at Thiam Siew Avenue are available purchase by means of public offer, having prospective developers possessing the alternative to purchase the locations collectively or personally, broadcast special promotion and marketing professional Savills SGP.
Positioned just over Tanjong Katong Rd within top Area Fifteen, the sites have a merged acreage of about 2hundred 63thousand 7hundred 94 sq foot and also are sector for “Housing” usage within the 2K19 Master Plan using an allowed gross patch ratio of Two point Eight.
The 1hundred 35thousand 3hundred 59 square foot location on the North owns a total GFA of 3hundred 79thousand 6 sq ft plus an estimation development fee of $145.7 million.
The 1hundred 28thousand 4hundred 35 sq feet plot on the South comes with a maximum GFA of 3hundred 59thousand 6hundred 18 sq foot along with an estimated dvlpmt charge of $138.3 million.
Including the 7 percentage area for terraces, the North allotment possesses a highest acceptable GFA of 4hundred 5thousand 5hundred 36 sq foot while the gross floor area of the South plot is 384,791 square foot The estimation dvlpmt charge for balconies sets at $20.2 million and $19.1 mil, each.
Accorded to a regular size of Eighty Five square m, the land parcel on the North can suit about 4hundred 14 home units, while the parcel on the South can easily yield Three hundred Ninety Three apartments, dependent on the validation of related authorities.
Savills explained the locations “are located inside of an established housing zone experiencing vicinity to a selection of services readily available at Katong district, that is abundant in heritage, along with the Paya Lebar Central district”.
The spots are efficiently catered to by Dakota Mass Rapid Transit Terminal along with Paya Lebar Intersection Mass Rapid Transit Terminal and are joined to almost all parts of Singapore using East Coast Parkway also PIE.
Savills marked in which the sites “are actually poised to profit from their immediate proximity to Paya Lebar Central area, Urban Redevelopment Authority’s very first BID preliminary prog beyond the Central Biz District”.
Savills S’pore’s Deputy MD for IS and Capital Markets Galven Tan explained property developers can take advantage on the plots excellent attributes to put together 1 or 2 elegant high-rise properties.
He mentioned the fact that the tender also grants property developers deal validity considering that it is unbound to the validation of the STB.
The bid for the sites wraps up on 18Nov.
