Two freehold residential sites at Thiam Siew Avenue up for sale
2 free lease residence plots at Thiam Siew Ave are available deal by means of public offer, having perspective property developers featuring the opportunity to secure the sites jointly or independently, communicated exclusive promotion and marketing rep Savills SGP.
Positioned just off Tj Katong Rd amongst excellent District 15, the locations feature a combined acreage of about 263,794 square foot and also are sector for “Residence” purpose within the 2019 Master Plan using an allowed gross patch ratio of Two point Eight.
The 1hundred 35thousand 3hundred 59 sq ft site on the North comes with a highest gross floor area of 3hundred 79thousand 6 square foot plus an approximation development fee of $145.7 million.
Meanwhile, the 128,435 sq feet site on the South has a top gross floor area of 3hundred 59thousand 6hundred 18 sq foot along with an approximation development charge of $138.3 million.
Consistsing of the 7 percentage space for terraces, the North allotment possesses a total permissible gross floor size of 4hundred 5thousand 5hundred 36 square feet while at the same time the GFA of the South patch is 3hundred 84thousand 7hundred 91 sq ft. The estimation development charge for patios remains at $20.2 mil and $19.1 mil, each.
Accorded to an average scale of 85 square meter, the land plot on the North can easily accommodate about Four hundred Fourteen home units, while the allotment on the South can most likely yield Three hundred Ninety Three apartments, subject to the endorsement of related powers.
Savills said the plots “are located around an established residence district enjoying vicinity to a myriad of services accessible at Katong neighborhood, that is valuable in historical past, plus the Paya Lebar Central area”.
The sites are certainly adequately provided by Dakota Train Terminal including Paya Lebar Interchange MRT Station and even are networked to almost all areas of S’pore via East Coast Parkway also PIE.
Savills mentioned in which the plots “are actually poised to take advantage of their neighboring distance to Paya Lebar Central precinct, Urban Redevelopment Authority’s original BID preliminary program beyond the CBD”.
Savills Singapore’s Vice Managing Dir for Investment Sales and Capital Markets Galven Tan stated that developers can take advantage on the sites effective characteristics to cultivate 1 or 2 enhanced skyscraper projects.
He included the fact that the tender equally extends developers transaction validity because that it is not subject to the endorsement of the Strata Titles Board.
The tender for the spots closes on 18 November.