A low-rise condo residential site is to be launched for sale via public tender by URA on Tuesday, 28 Feb 2017. This site can yield about 325 condominium units.
This 99-year leasehold site is 18,721.4 square meters and a maximum gross floor area of about 26,210 square metres.
This was offered under the confirmed list of the first half 2017 Government Land Sales programme.
The site is located in an established residential area, and near Bukit Batok Nature Park and Bukit Timah Nature Reserve.
“This site’s selling point is definitely in its low-rise development (maximum of five storeys, plot ratio of 1.4) and quaint living experience,” said R’ST Research director Ong Kah Seng.
“However, there is limited exciting retailing offering in the immediate locality, except Beauty World Plaza.” he added.
This site is expected to attract five to eight bidders with the top bid coming in at around S$560-S$600 psf per plot ratio.
He said the break even price for the project is likely to be from about S$1,100 to S$1,150 psf.
The tender for the land parcel will close at noon on April 11, 2017.
An upcoming launch in 2017 within close proximity is Kismis Residences in Eng Kong Road/Terrace.
Source: http://www.straitstimes.com/business/property/ura-launches-sale-of-condo-site-at-toh-tuck-road
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