Two freehold residential sites at Thiam Siew Avenue up for sale
Two free lease residential sites at Thiam Siew Avenue are up for sale by means of public offer, with prospective property developers coming with the choice to obtain the sites on collaboration or personally, exposed special advertising and marketing rep Savills SGP.
Placed just off Tj Katong Rd inside of prime District Fifteen, the locations feature a merged acreage of almost 2hundred 63thousand 7hundred 94 square foot also are zoned for “Residence” usage within the 2K19 Master Plan including an allowed gross piece ratio of 2.8.
The 135,359 sq foot plot on the North owns a top GFA of 3hundred 79thousand 6 sq feet plus an estimated DC of $145.7 million.
At the same time, the 128,435 sq feet plot on the South contains an optimum GFA of 3hundred 59thousand 6hundred 18 sq foot including an estimated DC of $138.3 mil.
Incorporating the 7 % space for terraces, the North plot comes with a top allowable gross floor size of 4hundred 5thousand 5hundred 36 square foot whereas the gross floor area of the South parcel is 384,791 square feet The approximation development charge for balconies remains at $20.2 mil and $19.1 mil, respectively.
Accorded to a typical size of 85 sq metre, the land piece on the North can easily fit almost 4hundred 14 housing units, whereas the piece on the South can easily grant 393 units, conditional the validation of appropriate bodies.
Savills mentioned the locations “are located among a well established housing district delighting in vicinity to a wide variety of conveniences accessible at Katong area, that is wealthy in historical past, and the Paya Lebar Central neighborhood”.
The plots are generally well catered to by Dakota Train Terminal along with Paya Lebar Intersection MRT Terminal that are linked to every parts of Singapore by means of ECP plus Pan Island Expressway.
Savills noticed in which the locations “are truly poised to benefit from their immediate vicinity to Paya Lebar Central area, Urban Redevelopment Authority’s first BID preliminary program beyond the Central Business District”.
Savills SGP’s Deputy MD for IS and Capital Markets Galven Tan explained real estate investors can take advantage on the spots effective qualities to establish 1 or two upscale high-rise properties.
He included that the tender at the same time furnishes property developers transaction trust because it is cleared to the consent of the Strata Titles Board.
The tender for the plots closes on 18Nov.