HDB to redevelop Tanglin Halt and build integrated development

Wong Siew Ying, head of research and content at PropNex, says the Tanglin Halt Cascadia BTO job drew in 1,193 applicants, equating to an application level of 1.23 times. Wong states: “This was quite modest, given the site’s city fringe spot in the popular Queenstown neighbourhood. We believe the brand-new flats at the Tanglin Halt incorporated property development should probably see a warmer action when they are launched up for sale, as buyers have a tendency to be attracted to incorporated advancements.”

Lee claims a lot more flats, together with brand-new business amenities and social and public centers, are expected to launch next year. This will definitely bring attraction to occurring resale housing in the area, such as Commonwealth View, which is much demanded for its prime location and scenic views. “There might be much more million-dollar condos in Commonwealth View in the future.”

The makeover of Tanglin Halt estate will certainly bring young households to the area and inject greater excitement into the community, Wong incorporates.

Lee adds that the new prime place housing (PLH) and build-to-order (BTO) flats might surpass 40 floors and might produce between 700 and 800 flats.

Hillock Green showflat

Lee Sze Teck, Huttons Asia’s top supervisor of information analytics, states the Tanglin Halt incorporated project will certainly be a new landmark in the location. “It is good to note that a few components of the old food facility and market will certainly be incorporated right into the new development.”

” The kinds of apartments may vary from two-room flexi to four-room to deal with a variety of purchasers that wish to remain in this spots growth. Prices for a four-room flat could start from $550,000 to as high as $720,000,” states Lee. The first of the PLH BTO project is the 973-unit Tanglin Halt Cascadia that was released for business this month.

To be completed in 2 phases, the growth will be located at the former Tanglin Halt Area Centre location, said the minister in his address at the HDB Professional Engagement and Knowledge-sharing (PEAK) Forum. The former Commonwealth Drive Food Centre and existing Tanglin Halt Market remain in the area center.

Tanglin Halt estate, among one of Singapore’s eldest public housing estates in Queenstown, are going to be redeveloped toward a brand-new integrated growth.

The new incorporated development will also include a hawker centre, market and polyclinic along with up to 5,500 brand-new household apartments, Senior Minister of State, Ministry of National Development and Ministry of Communications and Information Tan Kiat How revealed on Oct 19.

Wong includes that Tanglin Halt Cascadia flats were marked up from $364,000 to $509,000 for three-room condos and $537,000 to $702,000 for four-room flats before grants. “It is quite achievable that brand-new condos at the future Tanglin Halt incorporated project might be priced a little greater, granted its host of centers throughout the project, however will still be extra budget-friendly than prices in the resale market.”

error: Content is protected !!