Two freehold residential sites at Thiam Siew Avenue up for sale

Two freehold housing spots at Thiam Siew Ave are up for deal by means of public tender, with prospective property developers holding the choice to obtain the locations collectively or singularly, communicated premium advertising and marketing agent Savills S’pore.

Located just over Tanjong Katong Road found in top District 15, the spots feature a combined acreage of roughly 263,794 sq ft and are section for “Non commercial” use beneath the 2K19 Master Plan including an allowable gross piece ratio of 2.8.

The 135,359 square feet location on the North comes with a highest GFA of 379,006 sq foot along with an estimation DC of $145.7 million.

Meanwhile, the 1hundred 28thousand 4hundred 35 square foot plot on the South features a top GFA of 359,618 sq feet as well as an approximation DC of $138.3 million.

Incorporating the 7 % spot for verandas, the North piece holds a maximum allowable GFA of 405,536 square foot whilst the GFA of the South parcel is 384,791 sq ft. The estimated dvlpmt charge for patios stands at $20.2 million and $19.1 million, each.

Based upon an ordinary dimension of 85 square meter, the land parcel on the North can probably fit around Four hundred Fourteen house units, whilst the allotment on the South can grant 393 units, based on the approval of related bodies.

Savills stated that the plots “are situated inside of a well established residence district taking pleasure in distance to a myriad of conveniences accessible at Katong area, that is valuable in heritage, and the Paya Lebar Central district”.

The spots are really properly served by Dakota MRT Station along with Paya Lebar Interchange Mass Rapid Transit Terminal and are networked to entire parts of Singapore via ECP and also Pan Island Expressway.

Penrose Floor Plan

Savills mentioned that the locations “are actually positioned to reward from their nearby proximity to Paya Lebar Central district, URA’s 1st BID preliminary program beyond the Central Biz District”.

Savills Singapore’s Vice Managing Dir for Investment Sales and Capital Markets Galven Tan stated developers are able to make the most on the plots exceptional features to establish a couple of upscale high-rise properties.

He further mentioned the fact that the tender furthermore delivers real estate investors transaction validity as that it happens to be unbound to the green light of the STB.

The tender for the spots terminates on 18November.


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