Two freehold residential sites at Thiam Siew Avenue up for sale
Two free land housing plots at Thiam Siew Ave are available deal via communal tender, with perspective developers holding the option to get the sites collectively or independently, exposed special marketing and advertising professional Savills S’pore.
Located just over Tanjong Katong Rd inside top Area 15, the plots come with a consolidated acreage of almost 263,794 square feet and also are sector for “Housing” usage under the 2019 Master Plan using an allowable gross plot ratio of Two point Eight.
The 135,359 square foot site on the North comes with a highest GFA of 3hundred 79thousand 6 sq ft and an estimated DC of $145.7 million.
The 1hundred 28thousand 4hundred 35 square foot spot on the South possesses an optimum GFA of 359,618 square foot plus an estimation DC of $138.3 million.
Consistsing of the Seven percentage capacity for verandas, the North allotment contains a top allowable GFA of 405,536 square foot while the GFA of the South plot is 3hundred 84thousand 7hundred 91 sq ft. The estimated DC for verandas sets at $20.2 million and $19.1 million, specifically.
Based on an ordinary measurement of 85 sq meter, the land piece on the North can most likely accommodate approximately Four hundred Fourteen home units, whereas the parcel on the South can most likely grant 3hundred 93 apartments, based on the endorsement of appropriate bodies.
Savills claimed the sites “are located around a recognized home territory appreciating closeness to a wide variety of services readily available at Katong precinct, which is abundant in legacy, as well as the Paya Lebar Central area”.
The locations are certainly properly offered by Dakota MRT Station and also Paya Lebar Interchange Train Terminal and even are joined to all areas of SGP via East Coast Parkway plus Pan Island Expressway.
Savills considered in which the locations “are actually assured to reward from their handy closeness to Paya Lebar Central neighborhood, Urban Redevelopment Authority’s first BID preliminary program out of the CBD”.
Savills SGP’s Deputy MD for IS and Capital Markets Galven Tan stated that property developers may take advantage on the locations fantastic characteristics to produce 1 or 2 high end skyscraper ventures.
He said further the fact that the tender similarly grants property developers transaction assurance as that it is unbound to the validation of the Strata Titles Board.
The bid for the plots concludes on 18 Nov.