Two freehold residential sites at Thiam Siew Avenue up for sale
Two freehold non commercial locations at Thiam Siew Ave are up for sale by public tender, having perspective developers possessing the opportunity to obtain the plots collectively or independently, revealed special promoting and marketing professional Savills S’pore.
Found just off Tanjong Katong Road amongst top District 15, the plots come with a joined land size of approximately 2hundred 63thousand 7hundred 94 square foot also are zoned for “Home” purpose beneath the 2K19 Master Plan using a permitted gross PR of Two point Eight.
The 135,359 sq ft location on the North holds a top gross floor area of 3hundred 79thousand 6 sq feet as well as an estimated dvlpmt fee of $145.7 million.
The 1hundred 28thousand 4hundred 35 square foot site on the South holds an optimum GFA of 3hundred 59thousand 6hundred 18 square ft as well as an estimation dvlpmt fee of $138.3 mil.
Consistsing of the Seven percentage area for terraces, the North parcel contains a highest allowable GFA of 4hundred 5thousand 5hundred 36 sq feet while the GFA of the South patch is 384,791 sq feet The estimation DC for balconies sets at $20.2 mil and $19.1 mil, each.
Based upon an average dimension of Eighty Five square meter, the land parcel on the North can suit around 4hundred 14 home units, whilst the parcel on the South can probably grant 393 apartments, subject to the green light of related authorities.
Savills stated the spots “are snuggled inside a reputable housing enclave taking pleasure in closeness to a myriad of facilities accessible at Katong neighborhood, that is wealthy in culture, plus the Paya Lebar Central area”.
The spots are efficiently provided by Dakota Mass Rapid Transit Terminal along with Paya Lebar Intersection Mass Rapid Transit Terminal and even are linked up to almost all sides of SGP via East Coast Parkway also PIE.
Savills considered in which the spots “are truly assured to take advantage of their handy closeness to Paya Lebar Central neighborhood, URA’s 1st BID preliminary programme beyond the Central Business District”.
Savills SGP’s Deputy MD for Investment Sales and Capital Markets Galven Tan reported real estate investors may take advantage on the spots excellent credit to generate a couple of high end skyscraper ventures.
He included that the tender furthermore extends property developers transaction positiveness considering it is not subject to the endorsement of the Strata Titles Board.
The tender for the sites concludes on 18 November.