HDB to redevelop Tanglin Halt and build integrated development
The brand-new integrated development will likely also include a hawker centre, market and polyclinic along with up to 5,500 brand-new household apartments, Senior Minister of State, Ministry of National Development and Ministry of Communications and Information Tan Kiat How announced on Oct 19.
Wong includes that Tanglin Halt Cascadia flats were marked up from $364,000 to $509,000 for three-room apartments and $537,000 to $702,000 for four-room flats before grants. “It is quite possible that new flats at the future Tanglin Halt integrated property development could be rated somewhat much higher, given its host of facilities within the property, but will still be more economical than costs in the resale market.”
Lee adds that the brand-new prime place housing (PLH) and build-to-order (BTO) condos could go beyond 40 storeys and might yield between 700 and 800 flats.
Tanglin Halt estate, one of Singapore’s earliest public housing estates in Queenstown, will be redeveloped into a new incorporated development.
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Lee says much more condos, in addition to new business amenities and social and common centers, are anticipated to launch next year. This will bring attraction to existing resale housing in the area, such as Commonwealth View, which is much searched for its top location and scenic views. “There might be more million-dollar condos in Commonwealth View in the future.”
Wong Siew Ying, head of research and content at PropNex, states the Tanglin Halt Cascadia BTO work attracted 1,193 prospects, converting to an application rate of 1.23 times. Wong says: “This was quite mild, provided the area’s city fringe location in the popular Queenstown area. We believe the new apartments at the Tanglin Halt integrated project should likely see a warmer response when they are launched for sale, as purchasers have a tendency to be drawn to incorporated growths.”
” The types of flats may range from two-room flexi to four-room to provide for a large range of purchasers who want to stay in this landmark growth. Rates for a four-room level could begin with $550,000 to as high as $720,000,” claims Lee. The first of the PLH BTO venture is the 973-unit Tanglin Halt Cascadia that was launched for sale this month.
Lee Sze Teck, Huttons Asia’s top executive of data analytics, shares the Tanglin Halt integrated project will certainly be a brand-new landmark in the area. “It is great to note that a number of components of the old food center and market will certainly be integrated right into the brand-new development.”
The improvement of Tanglin Halt estate will carry young households to the area and insert higher excitement into the area, Wong adds.
To get finalized in two stages, the growth will likely be found at the past Tanglin Halt Neighborhood Centre location, said the minister in his address at the HDB Professional Engagement and Knowledge-sharing (PEAK) Forum. The previous Commonwealth Drive Food Centre and existing Tanglin Halt Market remain in the neighbourhood facility.
