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Jalan Tembusu GLS land parcel in D15 is expected to attract much interest from developers - photo from URA
Last week in September, URA launched two residential sites under the Confirmed List of the 2H2021 Government Land Sales (GLS) programme for developers to submit their land bids. One site is Lentor Hills Road (Parcel A) and the other site is at Jalan Tembusu. A site under the Reserve List, Lentor Hills Road (Parcel B) is also open for application.
The 99-year leasehold site at Jalan Tembusu is in District 15. The 210,545 sq ft plot is about 1km from Dakota MRT station on the Circle Line and 600m from the upcoming Tanjong Katong MRT station on the Thomson-East Coast Line.
Nearby schools in the vicinity include Chung Cheng High School (Main), Tanjong Katong Girls’ School, and Tanjong Katong Secondary School. F&B and amenities around the site are located along Tanjong Katong Road and Parkway Parade shopping mall is close to the site.
The 99-year leasehold site at Jalan Tembusu is in District 15. The 210,545 sq ft plot is about 1km from Dakota MRT station on the Circle Line and 600m from the upcoming Tanjong Katong MRT station on the Thomson-East Coast Line.
Nearby schools in the vicinity include Chung Cheng High School (Main), Tanjong Katong Girls’ School, and Tanjong Katong Secondary School. F&B and amenities around the site are located along Tanjong Katong Road and Parkway Parade shopping mall is close to the site.
The Jalan Tembusu GLS will be near the upcoming Tanjong Katong MRT station - photo: URA
Jalan Tembusu GLS Land Parcel Details:
Site area: 19,567.6 m2
Maximum gross floor area: 54,790 m2
Estimated number of units: 645 units
Nearest MRT station: Tanjong Katong MRT (ready in 2024), Dakota MRT
Primary schools within 1km: Haig Girls’, Tanjong Katong Primary
The 210,624 sq ft site at Jalan Tembusu is 1km from Dakota MRT Station on the Circle Line and 600m from the upcoming Tanjong Katong MRT Station on the Thomson-East Coast Line. The 99-year leasehold plot in District 15 is at the junction of Tanjong Katong Road and Jalan Tembusu and it is connected to Mountbatten Road and the East Coast Parkway (ECP). The future condo project on this piece of land would probably be higher than the low rise neighbouring private residential developments surrounding it and residents may enjoy unblocked views.
The Jalan Tembusu land plot also has strong locational attributes, as the future upcoming condo development will be near the upcoming Tanjong Katong MRT station, East Coast Park, and amenities along East Coast Road.
Site area: 19,567.6 m2
Maximum gross floor area: 54,790 m2
Estimated number of units: 645 units
Nearest MRT station: Tanjong Katong MRT (ready in 2024), Dakota MRT
Primary schools within 1km: Haig Girls’, Tanjong Katong Primary
The 210,624 sq ft site at Jalan Tembusu is 1km from Dakota MRT Station on the Circle Line and 600m from the upcoming Tanjong Katong MRT Station on the Thomson-East Coast Line. The 99-year leasehold plot in District 15 is at the junction of Tanjong Katong Road and Jalan Tembusu and it is connected to Mountbatten Road and the East Coast Parkway (ECP). The future condo project on this piece of land would probably be higher than the low rise neighbouring private residential developments surrounding it and residents may enjoy unblocked views.
The Jalan Tembusu land plot also has strong locational attributes, as the future upcoming condo development will be near the upcoming Tanjong Katong MRT station, East Coast Park, and amenities along East Coast Road.
Jalan Tembusu GLS land parcel - photo: URA
Kiwi Lim from Huttons Asia expect the Jalan Tembusu plot of land successful tender price to be at least $1,380 psf ppr as developers are currently hungry for land parcels in order to build more condo projects to keep their staff employed. Developers are especially eyeing land parcels in good locations. Located in District 15, the Jalan Tembusu land plot is near Dakota which has not seen new condo projects for many years and Tanjong Katong area is a popular area for many home buyers for its rustic charm surrounded by good schools, amenities and eateries.
The tender for the two Confirmed List sites - Lentor Hills Road (Parcel A) and Jalan Tembusu land parcel closes on January 18, 2022.
The tender for the two Confirmed List sites - Lentor Hills Road (Parcel A) and Jalan Tembusu land parcel closes on January 18, 2022.
Credit: EdgeProp Singapore, 30 September, 2021
1 Comments
This article provides fascinating insights into the upcoming GLS condo land plot at Jalan Tembusu! The anticipated bidding price of over $1,380 PSF PPR reflects strong market interest. It will be exciting to see the eventual developers and project outcomes!
