Latest News Update: (13 Nov 2015)
A residential with site with first-storey commercial space at Alexandra View has been awarded to Tang Skyline Pte Ltd, after it submitted the highest bid of S$376.9 million. A subsidiary of Far East Consortium International, Tang Skyline beat 10 other bidders, with its bid working out to S$9,158 per square metre on the gross floor area (psm/GFA) or $851 psf ppr. From this figure, we estimate the breakeven price for this new development to be around $1,350 to $1,400 psf.
The site is to include a maximum of 21 commercial units, including a supermarket of at least 1,000 sqm. The 99-year leasehold site is situated next to Redhill MRT Station and could yield around 400 residential units. The 8,398.5 sq m site is close to Tiong Bahru Plaza, Queensway Shopping Centre and IKEA Alexandra. Nearby schools include Crescent Girls’ School and Gan Eng Seng Primary and Secondary Schools.
A residential with site with first-storey commercial space at Alexandra View has been awarded to Tang Skyline Pte Ltd, after it submitted the highest bid of S$376.9 million. A subsidiary of Far East Consortium International, Tang Skyline beat 10 other bidders, with its bid working out to S$9,158 per square metre on the gross floor area (psm/GFA) or $851 psf ppr. From this figure, we estimate the breakeven price for this new development to be around $1,350 to $1,400 psf.
The site is to include a maximum of 21 commercial units, including a supermarket of at least 1,000 sqm. The 99-year leasehold site is situated next to Redhill MRT Station and could yield around 400 residential units. The 8,398.5 sq m site is close to Tiong Bahru Plaza, Queensway Shopping Centre and IKEA Alexandra. Nearby schools include Crescent Girls’ School and Gan Eng Seng Primary and Secondary Schools.
introduction of alexandra view gls land parcel:
Location: Alexandra View
Site Area: Plot 1 - 8,398.5 m2
Plot 2 + - 30.8 m2
Lease Period: 99 years
Allowable Development: Residential with Commercial at 1st storey
particulars of alexandra view Gls land parcel:
CHOICE LOCATION WITH EXCELLENT ACCESSIBILITY:
* This attractive land parcel is located next to Redhill MRT station, within an established residential estate.
RECREATIONAL FACILITIES:
* Residents can enjoy quiet respites at the nearby recreational parks at Telok Blangah Hill and Mount Faber.
CLOSE TO AMENITIES:
* The land parcel is located near commercial amenities such as Tiong Bahru Plaza, Queensway Shopping Centre and IKEA Alexandra.
* The future development is also ideal for families with school-going children, with Crescent Girls’ School and Gan Eng Seng Primary and Secondary Schools located nearby.
