Two freehold residential sites at Thiam Siew Avenue up for sale
2 free lease housing sites at Thiam Siew Avenue are available purchase via communal offer, with possible property developers holding the option to obtain the plots jointly or independently, shared private promoting and marketing representative Savills Singapore.
Found just over Tanjong Katong Road among prime Area 15, the plots own a combined land size of roughly 263,794 sq ft also are sector for “Housing” use within the 2019 Master Plan with an authorised gross PR of Two point Eight.
The 1hundred 35thousand 3hundred 59 square foot spot on the North owns a top GFA of 3hundred 79thousand 6 square feet and an estimation dvlpmt fee of $145.7 million.
At the same time, the 128,435 sq feet location on the South features a total GFA of 359,618 square ft plus an estimated DC of $138.3 mil.
Integrating the 7 % capacity for terraces, the North plot holds a maximum allowable gross floor area of 405,536 square foot while at the same time the GFA of the South patch is 384,791 square ft. The estimated development charge for balconies sets at $20.2 mil and $19.1 mil, specifically.
Based on an average scale of 85 square m, the land allotment on the North can easily suit about 4hundred 14 housing units, while at the same time the piece on the South can generate Three hundred Ninety Three units, based on the endorsement of relevant authorities.
Savills said the plots “are situated around a recognized home area relishing distance to a variety of facilities available at Katong neighborhood, which is valuable in heritage, including the Paya Lebar Central area”.
The plots are really adequately served by Dakota Train Terminal and Paya Lebar Interchange Train Terminal that are linked up to almost all sides of SGP via East Coast Parkway furthermore PIE.
Savills considered in which the spots “are actually poised to take advantage of their close distance to Paya Lebar Central district, Urban Redevelopment Authority’s very first Biz Improvement District preliminary programme apart from the CBD”.
Savills SGP’s Deputy Managing Dir for IS and Capital Markets Galven Tan claimed property developers can capitalise on the plots fantastic features to generate one or two high end skyscraper projects.
He included that the tender equally presents developers deal trust because that it happens to be cleared to the consent of the STB.
The bid for the sites calls off on 18Nov.