Two freehold residential sites at Thiam Siew Avenue up for sale
2 free land residence sites at Thiam Siew Avenue are available purchase by means of public offer, with potential real estate investors featuring the alternative to obtain the sites collectively or personally, communicated unique promotion and marketing agent Savills SGP.
Positioned just off Tj Katong Road inside of top District Fifteen, the spots feature a combined acreage of approximately 2hundred 63thousand 7hundred 94 square feet and also are section for “Residence” use under the ’19 Master Plan using an allowed gross plot ratio of 2.8.
The 135,359 sq foot location on the North holds a maximum gross floor size of 3hundred 79thousand 6 sq foot and an approximation dvlpmt charge of $145.7 million.
Meanwhile, the 1hundred 28thousand 4hundred 35 sq feet spot on the South contains a maximum GFA of 3hundred 59thousand 6hundred 18 sq feet plus an estimated development charge of $138.3 million.
Integrating the 7 percent capacity for balconies, the North piece features an optimum acceptable GFA of 4hundred 5thousand 5hundred 36 sq foot while at the same time the GFA of the South patch is 384,791 square ft. The approximation DC for verandas stands at $20.2 mil and $19.1 million, specifically.
Based on a regular size of Eighty Five sq m, the land patch on the North can most likely fit around 414 house units, while the allotment on the South can generate Three hundred Ninety Three apartments, dependent on the consent of appropriate authorities.
Savills stated that the sites “are situated inside of a reputable housing zone enjoying closeness to a plethora of amenities offered at Katong area, which is abundant in legacy, along with the Paya Lebar Central area”.
The locations are certainly properly catered to by Dakota MRT Terminal also Paya Lebar Intersection Train Station and are networked to almost all parts of SGP via East Coast Parkway and also PIE.
Savills considered that the plots “are truly positioned to gain from their near closeness to Paya Lebar Central neighborhood, URA’s 1st BID lead programme out of the Central Business District”.
Savills Singapore’s Deputy MD for Investment Sales and Capital Markets Galven Tan claimed property developers are able to take advantage on the plots amazing credit to put together a couple of enhanced high-rise properties.
He further mentioned the fact that the tender furthermore offers developers deal trust considering that it happens to be not subject to the approval of the STB.
The bid for the spots ends on 18Nov.