Two freehold residential sites at Thiam Siew Avenue up for sale
Two free land housing sites at Thiam Siew Ave are up for purchase by means of public offer, having perspective developers having the choice to secure the plots jointly or independently, broadcast premium promoting and marketing agent Savills S’pore.
Standing just away from Tj Katong Rd within prime District 15, the plots feature a merged land area of roughly 2hundred 63thousand 7hundred 94 square foot also are sector for “Residence” application within the 2019 Master Plan with an allowed gross PR of Two point Eight.
The 135,359 sq feet plot on the North contains a top gross floor size of 379,006 sq ft plus an approximation development fee of $145.7 mil.
Subsequently, the 128,435 sq ft plot on the South comes with a highest gross floor size of 3hundred 59thousand 6hundred 18 square ft including an estimated DC of $138.3 million.
Incorporating the 7 percentage space for balconies, the North patch holds an optimum allowable GFA of 405,536 sq feet while the GFA of the South parcel is 3hundred 84thousand 7hundred 91 sq ft. The approximation DC for terraces stands at $20.2 million and $19.1 mil, specifically.
Based on a regular specifications of 85 sq meter, the land parcel on the North can most likely accommodate about 4hundred 14 house units, whereas the patch on the South can probably grant 3hundred 93 units, conditional the endorsement of relevant powers.
Savills claimed the locations “are situated among a reputable non commercial district delighting in distance to a huge selection of facilities available at Katong district, that is abundant in historical past, and the Paya Lebar Central area”.
The locations are satisfactorily provided by Dakota Train Station as well as Paya Lebar Interchange Train Terminal and are linked to almost all parts of SGP using ECP furthermore Pan Island Expressway.
Savills mentioned that the spots “are poised to take advantage of their close distance to Paya Lebar Central precinct, Urban Redevelopment Authority’s very first Biz Improvement District pilot programme away from the CBD”.
Savills SGP’s Deputy MD for Investment Sales and Capital Markets Galven Tan explained developers can surely take advantage on the locations amazing features to create 1 or 2 elegant high-rise projects.
He said further the fact that the tender at the same time extends real estate investors deal assurance due to the fact that it happens to be cleared to the authorization of the STB.
The bid for the sites concludes on 18November.