Launch of mixed-use site at Upper Serangoon deferred

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The sale by tender of a 2.55ha mixed commercial and residential plot of land in the upcoming Bidadari housing estate along Upper Serangoon Road has been deferred by The Housing and Development Board (HDB) on Thursday on 29 December 2016 to allow the site requirements for comprehensive development to be finalised. It is expected to go up for tender by the end of the first quarter next year.

Stars of Kovan, along Upper Serangoon Road is a new residential & commercial mixed development developed by Cheung Kong Property Holdings Limited (CKPH). Strategically located next to Kovan MRT, it is also close to Heartland Mall and one MRT Station away from NEX shopping mall & Hougang mall.

The site, which can yield 825 private homes and 15,000 sq m of commercial space, was due to be put on the market in Dec 2016 for sale through a public tender in December under the confirmed list of the second half 2016 Government Land Sales (GLS) Programme, but now it seems this has been postponed until early 2017. It was stated then that the developer would have to build about 8,200 sq m of gross floor area in the development for "integrated community and institutional uses" and a cap on the gross floor area of retail space at 15,000 sq m.

Nestled within the serenity of District 19 near Upper Serangoon Road with only 28 choice homes for your selection, this 999 year leasehold project is easily accessed via the PIE, CTE and North East Line. Surrounded by low-density residential enclaves, the spacious units of Hilbre28 make for ideal homes that are highly sought after.

The land parcel along Upper Serangoon Road's site is located right next to Woodleigh MRT Station and is the first sale site at Bidadari - a new public housing estate envisioned to be a "community in a garden", with lush greenery and car-lite features.

The upcoming Upper Serangoon Road mixed development site is expected to draw keen interest from developers given its attractive location and potential demand from prospective home buyers, as seen in the overwhelming response for the Build-to-Order HDB flats released in Bidadari. Therefore, buying interest is definitely expected to be strong from home buyers for private residential properties in Bidadari as well.

A version of this article appeared in the print edition of The Straits Times on December 30, 2016, with the headline 'Launch of mixed-use site in Bidadari deferred'.

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