A residential site at New Upper Changi Road / Bedok South Avenue 3 (Parcel B) has been awarded to CEL Residential Development Pte Ltd on 23 feb 2016 at $419 million. This will work out to an estimated average of $760 psf ppr.  Therefore, we believe this project may sell for $1,200 - $1,300 psf average.

located across Tanah Merah MRT station, The 2.4 ha 99-year leasehold site has a maximum permissible gross floor area of 551,414 sq ft, yielding approximately 570 housing units. 

CEL Development, a subsidiary of Chip Eng Seng (CES) Corporation has proposed a full-condominium facilities development comprising of an estimated 720 residential units and a childcare centre for the 24,394 sqm residential land site in a public statement submitted to Singapore Exchange on Tuesday. 500 sqm of the maximum 51,228 sqm GFA will be allocated for the childcare centre.

New Upper Changi Road / Bedok South Avenue 3 (Parcel B)

SITE INTRODUCTION:

CHOICE SITE WITH ESTABLISHED RESIDENTIAL ESTATE:
The land parcel is located within an established private residential estate and near Tanah Merah MRT Station. Many condominium developments such as Stratford Court, East Meadows, Casa Merah and Optima@Tanah Merah are located in the vicinity.

EASY ACCESS:
The site is well connected to major arterial roads and expressways such as East Coast Parkway (ECP) and Pan Island Expressway (PIE). Residents will also enjoy access to convenient public transportation to the rest of Singapore via Tanah Merah MRT Station.

PROXIMITY TO AMENITIES:
Residents will enjoy a wide range of shopping, dining and entertainment options at nearby Changi City Point, Bedok and Simei Town Centres. Outdoor recreation facilities are also available at nearby Bedok Reservoir Park, East Coast Park, Laguna National Golf and Country Club. With many reputable schools nearby, such as Anglican High School and Temasek Junior College, the development will be an ideal home for families with school-going children. Situated close to Changi Business Park and Singapore’s fourth university – Singapore University of Technology and Design.

New Upper Changi Road / Bedok South Avenue 3 (Parcel B) Land Site

PARTICULARS OF LAND PARCEL:

Location -        New Upper Changi Rd / Bedok South Ave 3 (Parcel B)
Site Area -          24,394.0 m2
Lease -                   99 years
GFA -                        51,228 m2
Units -                   720 residential units