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The Government has launched the sale of a second residential site this year, while again giving developers more time to assess the property market under the Covid-19 situation before submitting any bids. The land parcel in Tanah Merah Kechil Link is for a mixed residential development, with the first storey slated for commercial space. It has a site area of 8,880 sq m and a maximum gross floor area (GFA) of 24,864 sq m. The 99-year leasehold site, which is off New Upper Changi Road, can potentially house about 265 apartments, fewer than the 310 units initially estimated when the site was first announced in December 2019. It can also yield 2,000 sq m of commercial space that can be developed into strata-titled retail units or offices. The tender for the parcel will close at noon on Oct 29, after a longer tender period of five months, the Urban Redevelopment Authority (URA) said in a media release on Thursday (May 28). In March last year, a site for mixed residential development was sold at Pasir Ris Central. The site is situated next to Pasir Ris MRT Station. The Pasir Ris Central mixed development known as The Ryse Residences with a site area of 38,004 sqm was sold for $700 million, or $684.50 per sq ft per plot ratio.
Allgreen Properties and Kerry Properties, which are both under Kuok Group of companies, have tied-up to launch another new launch condominium at Pasir Ris MRT. The white site land parcel at Pasir Ris Central was awarded to build an integrated development that is expected to TOP in 2024/ 2025. The development will consists of around 480 units above the shopping mall. Residents can enjoy unparalleled convenience to have retail, amenities, food and beverage options all at their doorstep. Pasir Ris Central Residences offers units from 1bedroom to 4bedroom unit types. Every unit will have the finest appliances and fitted with branded sanitary wares. Pasir Ris MRT condo mixed development sits on a white site tendered for sale by HDB in August 2018. Spanning 3.8 hectares, it will be jointly developed by Allgreen Properties and Kerry Properties into an integrated development with a bus interchange, polyclinic, retail mall and a town plaza. The completed development will serve as a community focal point with its open spaces and pedestrian friendly pathways. It will provide residents with seamless connection to public transportation and amenities. Pasir Ris Central condo floor plans will be available soon. Register for updates and Pasir Ris Central Residences launch date info.
HIGHLY ANTICIPATED NEW LAUNCH @ MARGARET DRIVE BY MCL LAND! Located in District 3 and well served by Commonwealth & Queenstown MRT. WORK | LIVE | PLAY For Work At One North or Mapletree Business City Is Just A Short Drive Away An Evening Night Out At Holland Village Or Dempsey Hills A Fun Filled Weekend With Family To Nearby Botanic Gardens The one project that connects it all For Latest Update, Visit: http://www.urpropertyinfo.com/properties/margaret-drive-condo/
As predicted by Morgan Stanley, a global well-known financial services firm; prices for Singapore home properties will begin to rise in 2018 resulting to a double in numbers once 2030 kicks off. Almost all of the home sales coming from independent households but the chronic drop in price of these property developments at Singapore showflat market is bound to end next year. Common factors causing this rise of property prices are because of aged population, hindered population growth as well as constructive growth slowdown to consider on the long-run property market view point. To break it down, this implies 5-6% increment annually which trips a setback from a chronic lapse in property costs for the past years. In the first quarter, overall exclusive house prices dropped 0.5 percent on-quarter, the 14th straight quarter of decreases. This time about, nevertheless, the mass of the decline was in relatively small landed residential or commercial property sector, while non-landed costs were consistent. Nonetheless, enhancing the macroeconomic expectation will have a significant result on behalf of a property market healing given that adjustments in the economic conditions have a direct bearing on the building market.