Two freehold residential sites at Thiam Siew Avenue up for sale

2 freehold home plots at Thiam Siew Ave are up for deal via communal offer, with possible real estate investors featuring the option to purchase the locations collectively or singularly, revealed exclusive advertising representative Savills S’pore.

Located just off Tanjong Katong Road within prime District 15, the plots hold a consolidated acreage of approximately 263,794 sq foot also are section for “Residential” purpose beneath the ’19 Master Plan using an allowed gross PR of 2.8.

Parc Clematis Floor Plan

The 135,359 sq foot site on the North possesses an optimum gross floor area of 379,006 square foot including an approximation DC of $145.7 mil.

Subsequently, the 128,435 square foot plot on the South owns a top GFA of 359,618 square foot and an estimation development charge of $138.3 million.

Incorporating the 7 percentage spot for balconies, the North piece owns a total permissible gross floor area of 4hundred 5thousand 5hundred 36 square feet whereas the GFA of the South allotment is 3hundred 84thousand 7hundred 91 sq foot The approximation development charge for terraces positions at $20.2 mil and $19.1 million, specifically.

Accorded to a standard scale of Eighty Five sq m, the land allotment on the North can most likely fit almost 4hundred 14 housing units, whereas the allotment on the South can most likely generate 3hundred 93 apartments, subject to the validation of related authorities.

Savills claimed the locations “are located among a well established residence territory appreciating proximity to a range of features offered at Katong neighborhood, which is elaborate in heritage, and also the Paya Lebar Central area”.

The locations are effectively catered to by Dakota MRT Station also Paya Lebar Interchange Train Station that are linked to all parts of Singapore via ECP plus Pan Island Expressway.

Savills indicated in which the spots “are actually positioned to profit from their near vicinity to Paya Lebar Central neighborhood, URA’s first Business Improvement District pilot program beyond the Central Biz District”.

Savills S’pore’s Deputy Managing Director for IS and Capital Markets Galven Tan shared property developers can surely make the most on the locations superb characteristics to develop 1 or 2 elegant high-rise projects.

He added that the tender also offers property developers deal trust given that it is not subject to the validation of the Strata Titles Board.

The tender for the plots ends on 18 November.

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