Two freehold residential sites at Thiam Siew Avenue up for sale

2 free lease residence spots at Thiam Siew Ave are up for purchase via communal tender, with prospective real estate investors having the choice to obtain the sites on collaboration or singularly, reported exclusive advertising rep Savills SGP.

Standing just off Tj Katong Rd inside top District 15, the locations own a merged land size of approximately 2hundred 63thousand 7hundred 94 square foot and also are sector for “Residential” application under the ’19 Master Plan using an allowed gross patch ratio of 2.8.

Dairy Farm Residences Floor Plan

The 135,359 square ft location on the North comes with a total gross floor size of 379,006 sq feet and an approximation development charge of $145.7 million.

The 1hundred 28thousand 4hundred 35 square feet plot on the South comes with a total GFA of 359,618 sq feet plus an estimation dvlpmt charge of $138.3 million.

Encompassing the Seven percent spot for terraces, the North plot contains a maximum allowable gross floor area of 4hundred 5thousand 5hundred 36 square ft whilst the gross floor size of the South parcel is 3hundred 84thousand 7hundred 91 sq ft. The estimation DC for balconies sets at $20.2 mil and $19.1 million, respectively.

Based on a regular measurement of Eighty Five sq m, the land piece on the North can most likely accommodate almost Four hundred Fourteen residence units, while the patch on the South can probably yield Three hundred Ninety Three apartments, dependent on the endorsement of relevant powers.

Savills explained the plots “are situated inside a recognized non commercial area appreciating closeness to a wide variety of services readily available at Katong neighborhood, that is rich in culture, along with the Paya Lebar Central neighborhood”.

The sites are properly catered to by Dakota Mass Rapid Transit Terminal as well as Paya Lebar Intersection MRT Terminal that are joined to every sides of Singapore through ECP furthermore PIE.

Savills mentioned that the plots “are actually poised to gain from their nearby closeness to Paya Lebar Central precinct, Urban Redevelopment Authority’s number one BID pilot programme beyond the CBD”.

Savills S’pore’s Vice MD for IS and Capital Markets Galven Tan stated developers are able to capitalise on the sites outstanding credit to develop 1 or two elegant high-rise ventures.

He added the fact that the tender at the same time extends developers transaction certainty considering that it happens to be not subject to the green light of the Strata Titles Board.

The bid for the locations wraps up on 18November.


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