HDB to redevelop Tanglin Halt and build integrated development
Lee Sze Teck, Huttons Asia’s senior director of information analytics, states the Tanglin Halt incorporated property development will certainly be a brand-new site in the location. “It is good to consider that a few aspects of the old food facility and market will be integrated into the brand-new improvement.”
To be completed in 2 stages, the growth will be found at the past Tanglin Halt Neighborhood Centre site, stated the minister in his speech at the HDB Professional Engagement and Knowledge-sharing (PEAK) Forum. The former Commonwealth Drive Food Centre and existing Tanglin Halt Market are in the area facility.
” The kinds of flats may vary from two-room flexi to four-room to cater to a variety of buyers that want to remain in this site development. Costs for a four-room flat can begin with $550,000 to as high as $720,000,” claims Lee. The first of the PLH BTO job is the 973-unit Tanglin Halt Cascadia that was released for business this month.
J’Den Condo Jurong East Central Road
Wong adds that Tanglin Halt Cascadia condos were priced from $364,000 to $509,000 for three-room condos and $537,000 to $702,000 for four-room flats prior to grants. “It is rather feasible that brand-new apartments at the future Tanglin Halt integrated development might be valued a little higher, provided its host of establishments inside the project, yet will likely still be a lot more reasonably priced than costs in the reselling market.”
Wong Siew Ying, head of research and content at PropNex, states the Tanglin Halt Cascadia BTO job brought in 1,193 applicants, translating to an application level of 1.23 times. Wong claims: “This was rather mild, provided the area’s city fringe spot in the popular Queenstown area. We assume the new flats at the Tanglin Halt incorporated project ought to probably see a warmer action when they are introduced for sale, as customers tend to be attracted to integrated developments.”
Lee claims a lot more flats, together with new business amenities and social and common centers, are expected to start next year. This will bring interest to existing resale housing in the area, such as Commonwealth View, which is much demanded for its top location and scenic views. “There may be more million-dollar apartments in Commonwealth View in the future.”
Lee includes that the brand-new prime area real estate (PLH) and build-to-order (BTO) condos can go beyond 40 floors and may produce in between 700 and 800 apartments.
The transformation of Tanglin Halt estate will certainly carry younger households to the area and infuse higher vibrancy into the community, Wong includes.
The brand-new integrated property development will include a hawker centre, market and polyclinic as well as approximately 5,500 new residential apartments, Senior Minister of State, Ministry of National Development and Ministry of Communications and Information Tan Kiat How introduced on Oct 19.
Tanglin Halt estate, one of Singapore’s first public housing estates in Queenstown, will be redeveloped into a new integrated development.
