Thiam Siew Residences price, units for sale, showflat location, floor plans, site plan, review, photos, video, launch date, brochure, indicative prices, psf, unit layouts, unit distribution chart and TOP date will be announced from mid-2022. An upcoming land parcel at the junction of Tanjong Katong Road and Jalan Tembusu is on the approved list of the GLS program. The 99-year leasehold property at Jalan Tembusu has a land area of 210,624 square feet with GFA of 589,754 square feet. The land is suitable for development into a new 645-unit complex, based on the average unit size of 915 square feet.
Allow us to help you assess your finances, plan your priorities and determine your best options. Thereafter, we will go and view the list of developments that you have shortlisted. Such selling prices should work in favor of the thiam siew condo Avenue property plots, according to Tan. In the event a developer wants to build a large property with a good selection of amenities and facilities, he may combine the two plots of land.
Despite the drop, the figure was still the highest for October in five years, indicating resilience in the property market, according to real estate agency OrangeTee. The land parcels will be launched for sale on Sept 24, with the tender closing on Nov 18. However, it is likely to be pegged to freehold sites sold elsewhere in prime District 15.
“Based on caveats lodged, in October, foreigners accounted for about 6.8 percent of buyers who bought new homes,” Gafoor said. This was one of the highest percentages since 2018 when foreign buyers accounted for 6.3 percent of new-home sales. This week’s deal follows Hoi Hup and Sunway’s September purchase of the Flynn Park apartment complex in the Pasir Panjang area for S$371 million ($276.1 million) which set a mark for Singapore’s biggest collective sale of the year. The Indian rupee may edge towards record lows but will get some support from a less hawkish-than-expected tone in minutes of the central bank’s latest policy meeting, while government bond yields are expected to rise, analysts said. The Reserve Bank of India’s monetary policy committee may become more data-dependant in deciding on the key interest rate with inflation expected to start easing, minutes of the latest meeting suggested on Friday.
The four landed semi-detached residences at numbers twenty-three to twenty-nine on the other hand were constructed only in 2007. These dwellings altogether comprise Plot 1, which is on a freehold land size of 135,361 square feet. Hoi Hup Realty Pte Ltd is an established niche property developer founded in Singapore in 1983. Hoi Hup Realty has a pristine residential project portfolio, including the award-winning Sophia Hills, The Miltonia Residences, Suites @ Cairnhill and many more. It has received more than 25 awards and accolades including the BCI Asia Top 10 Developers Award in 2012, 2013, 2017 and 2018, and the BCA Quality Excellence Award – Quality Champion in 2018 and 2019. Based on the land rate of S$1,440 psf ppr, Mak estimates the future developments on these sites could be launched at between S$2,400 and S$2,630 psf, after factoring in construction and other development costs.
Thiam Siew Avenue is within walking distance of the Paya Lebar and Dakota MRT stations, and near the Kong Hwa, Haig Girls’ and Tanjong Katong primary schools. Residential sales in the East have been relatively healthy despite the number of new projects in the area. About 80% of the 582-unit Amber Park has been sold since its launch in May 2019. GuocoLand’s 200-unit Meyer Mansion is almost 40% sold since its launch in 4Q2019.
These are occupied by five bungalows and 10 pairs of semi-detached houses in Thiam Siew Avenue, which is between Tanjong Katong and Haig Road, with a land area of approximately 264,000 sq ft. Given that the Thiam Siew Avenue plots are freehold, market watchers expect the sellers to be pricing in a premium, and are estimating the price tag for the two sites to be in the range of $1,450 to $1,500 psf ppr. This is before factoring in the development charge which was hiked recently. Thiam Siew Avenue is considered part of the prime East Coast area and falls under District 15. As it is within the Rest of Central Region or city fringe, the average size of residential units in the new development has to be at least 85 sq m under the URA guidelines.
The deal marks the largest residential development site sold since the July 2018 round of property cooling measures, when the government raised Additional Buyer’s Stamp Duty rates and tightened Loan-to-Value limits. Wong Swee Chun, chairman and managing director of Hoi Hup Realty, said in the release that the firm took interest in the sites as they are 2 rare freehold ones in the east of Singapore. Given the renewed momentum, PropNex predicts November’s new-home sales to reach about 1,000 units, with sales for the whole of 2021 likely to exceed 13,000 units after reaching close to 10,000 last year. The deal would surpass Flynn Park as the biggest collective sale of the year upon closing. Wong Swee Chun, chairman and managing director of Hoi Hup, who also serves as chairman of the developer’s parent, Straits Construction, cheered the acquisition of what he dubbed a rare freehold site in Singapore’s eastern region. Alan Cheong, executive director and head of research at Savills Singapore, expects land bids of about $1,400 psf ppr for the Jalan Tembusu site.
It is a 10-minute walk to Dakota MRT Station on the Circle Line which is just a stop away from Paya Lebar interchange, which is also on the East-West Line. A train ride from Dakota MRT station will connect residents to the Downtown and Bayfront areas in less than half an hour. Residents will also be a mere six stations away from Raffles Place MRT station. At Airbnb’s Singapore office at 158 Cecil Street On the top floor, the kitchen is styled like a vintage kopitiam â the local term for a coffee shop â and houses a range of free food, including chocolate and a salad bar.
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