Two freehold residential sites at Thiam Siew Avenue up for sale

2 free land home sites at Thiam Siew Avenue are available purchase by public tender, having prospective developers featuring the choice to get hold of the spots on collaboration or personally, communicated unique promoting and marketing professional Savills SGP.

Placed just over Tj Katong Road within prime District Fifteen, the sites contain a merged land area of approximately 263,794 sq feet and also are section for “Housing” usage under the ’19 Master Plan by having an allowable gross PR of 2.8.

The 1hundred 35thousand 3hundred 59 square ft plot on the North owns a highest gross floor size of 379,006 square ft along with an estimated development charge of $145.7 million.

Subsequently, the 1hundred 28thousand 4hundred 35 sq ft spot on the South has a highest GFA of 3hundred 59thousand 6hundred 18 sq foot including an estimated DC of $138.3 mil.

Integrating the Seven % area for verandas, the North parcel comes with a top allowable gross floor area of 4hundred 5thousand 5hundred 36 sq feet whereas the GFA of the South patch is 3hundred 84thousand 7hundred 91 square foot The estimated dvlpmt charge for balconies stands at $20.2 million and $19.1 million, respectively.

Accorded to a standard size of 85 square m, the land piece on the North can accommodate approximately Four hundred Fourteen housing units, whilst the patch on the South can most likely grant 3hundred 93 units, dependent on the consent of relevant powers.

Savills stated the spots “are snuggled around a recognized non commercial territory relishing closeness to a myriad of amenities readily available at Katong precinct, that is abundant in historical past, and the Paya Lebar Central neighborhood”.

The plots are generally properly served by Dakota Train Station also Paya Lebar Intersection MRT Station and are linked to all parts of S’pore by means of ECP and also PIE.

Savills considered in which the sites “are poised to benefit from their close vicinity to Paya Lebar Central area, URA’s 1st Business Improvement District lead prog out of the CBD”.

Ola EC Floor Plan

Savills S’pore’s Deputy Managing Dir for IS and Capital Markets Galven Tan shared property developers may capitalise on the plots exceptional credit to establish 1 or 2 elegant high-rise projects.

He said further the fact that the tender also grants developers transaction positiveness considering it happens to be not subject to the green light of the STB.

The bid for the plots closes on 18November.

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