Mixed Development @
Upper Serangoon Road
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Mixed Development at Upper Serangoon Road
A mixed private residential and commercial site along Upper Serangoon Road has been launched for sale on Monday (March 6) by the Housing and Development Board (HDB), with analysts saying the tender likelihood to see strong interest from developers because of its attractive location, located opposite Woodleigh MRT.
The 99-year leasehold site, released from the Confirmed List of the second half 2016 Government Land Sales programme sits on 273,842 sq ft, of land. With a maximum permissible gross floor area of 89,043 square metres, or 958,450 sq ft, the site can yield an estimated 825 residential units, while up to 15,000 square metres of GFA can be developed for shop and restaurant use.
Mixed Development at Upper Serangoon Road Location Map
This piece of rare gem located adjacent to Woodleigh MRT station and close proximity to the upcoming new Bidadari housing estate with an estimated future population of about 60,000 people; and its being the only mixed-use site in the estate available for sale, draw a very positive attributes to the developers and home buyers.
The development on the site has to be integrated with a community club and a neighbourhood police centre.
Mixed development at Upper Serangoon Road being the first mover advantage. This could be the first shopping centre in the Bidadari estate which will attract a high number of residents from the Bidadari estate.
Retail opportunities are presently rare along the North-East Line, which runs through Woodleigh. The Poiz Residences, is also another mixed-development project, under construction next to Potong Pasir MRT station, while Nex at Serangoon is the existing mega mall that provide daily necessity and convenience to the residents of North East Line.
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