Two freehold residential sites at Thiam Siew Avenue up for sale

2 free lease residence spots at Thiam Siew Ave are up for purchase by public tender, having potential real estate investors featuring the choice to get the spots collectively or individually, reported premium marketing and advertising rep Savills Singapore.

Standing just away from Tanjong Katong Road within prime Area Fifteen, the sites have a joined land area of almost 2hundred 63thousand 7hundred 94 sq feet and also are section for “Residential” application beneath the 2K19 Master Plan by having an allowable gross parcel ratio of Two point Eight.

The 135,359 square foot site on the North possesses a maximum gross floor size of 379,006 sq ft and an estimation DC of $145.7 mil.

Subsequently, the 128,435 square ft plot on the South holds an optimum GFA of 359,618 sq foot and an approximation DC of $138.3 million.

The M Floor Plan

Consistsing of the Seven percent spot for verandas, the North parcel owns a top permissible GFA of 405,536 sq feet whilst the gross floor area of the South piece is 384,791 sq foot The approximation DC for balconies stands at $20.2 mil and $19.1 million, respectively.

Based on an average size of 85 sq metre, the land piece on the North can easily fit almost Four hundred Fourteen home units, while at the same time the allotment on the South can grant Three hundred Ninety Three apartments, subject to the validation of relevant authorities.

Savills mentioned the sites “are snuggled among a recognized residence area appreciating closeness to a selection of services accessible at Katong district, that is abundant in ancestry, including the Paya Lebar Central area”.

The spots are certainly satisfactorily provided for by Dakota Mass Rapid Transit Terminal and also Paya Lebar Intersection Mass Rapid Transit Terminal that are joined to almost all sides of SGP using ECP as well as Pan Island Expressway.

Savills marked in which the spots “are assured to reward from their close vicinity to Paya Lebar Central precinct, Urban Redevelopment Authority’s very first Business Improvement District pilot prog apart from the Central Biz District”.

Savills Singapore’s Deputy Managing Dir for IS and Capital Markets Galven Tan said property developers are able to capitalise on the spots excellent credit to produce a couple of enhanced high-rise projects.

He said further that the tender equally offers property developers deal positiveness considering that it is not subject to the green light of the Strata Titles Board.

The tender for the locations ends on 18November.

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