The Tanah Merah GLS site drew 15 bids, with the winner (MCC Land) putting down around $249 million (approx. $930 psf ppr) for the 8,880 sqm site. This is the highest number of bids for a residential site since May 2018.
The upcoming new condo on this GLS site is located between Tanah Merah Kechil road on one side, and New Upper Changi Road on the other. This places the upcoming new condo just across from Tanah Merah MRT station, on the East-West line.
Now, this is not an area devoid of condos – Optima @ Tanah Merah, Urban Vista, and the upcoming Grandeur Park Residences (est. TOP in 2021) are all nearby as well; Optima is just 190 metres (three minutes) walk next to the MRT accessible via a side gate, while Grandeur Park Residences is 350 metres (four minute) away.
Grandeur Park Residences is on the opposite side of the station from the site. Urban Vista is the furthest, at 550 metres (seven minutes) away. Urban Vista is also right beside the MRT station given its side gate opens right out Upper Changi Road. Having so many alternatives would provide competition, especially with the large Grandeur Park Residences having 722 units.
The upcoming new condo on this GLS site is located between Tanah Merah Kechil road on one side, and New Upper Changi Road on the other. This places the upcoming new condo just across from Tanah Merah MRT station, on the East-West line.
Now, this is not an area devoid of condos – Optima @ Tanah Merah, Urban Vista, and the upcoming Grandeur Park Residences (est. TOP in 2021) are all nearby as well; Optima is just 190 metres (three minutes) walk next to the MRT accessible via a side gate, while Grandeur Park Residences is 350 metres (four minute) away.
Grandeur Park Residences is on the opposite side of the station from the site. Urban Vista is the furthest, at 550 metres (seven minutes) away. Urban Vista is also right beside the MRT station given its side gate opens right out Upper Changi Road. Having so many alternatives would provide competition, especially with the large Grandeur Park Residences having 722 units.
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However, there are two key factors for this GLS site, that make it a prime spot:
Tanah Merah allows you to get to the airport fast. Tanah Merah MRT is also an MRT interchange where you can go to Singapore Expo and Changi Airport. As such, any condos close to Tanah Merah MRT are bound to be a first choice for aviation industry workers (of course, when things pick up again in the future).
It’s also popular among families who see the airport as a food / shopping amenity – because with the opening of the Changi Jewel, catching a plane is no longer the sole reason Singaporeans go to the airport.
This new upcoming condo in Tanah Merah Kechil Link will have a shopping mall below allowing for about 21,528 sq. ft. of retail space on the ground floor; it’s expected that we’ll see around 265 units above this commercial space. While this isn’t amazingly huge, it will hopefully provide some much needed food and retail amenities to the area; perhaps even a supermarket if the residents are lucky. Even Grandeur Park Residences, the newest upcoming development here, has just two shops. (With three other condos nearby, and no competitor, we think any supermarket here is bound to hit the jackpot). This is also a stroke of good fortune for owners of Optima @ Tanah Merah, Grandeur Park Residences, and Urban Vista; it rectifies one of the key things the area is lacking.
Tanah Merah allows you to get to the airport fast. Tanah Merah MRT is also an MRT interchange where you can go to Singapore Expo and Changi Airport. As such, any condos close to Tanah Merah MRT are bound to be a first choice for aviation industry workers (of course, when things pick up again in the future).
It’s also popular among families who see the airport as a food / shopping amenity – because with the opening of the Changi Jewel, catching a plane is no longer the sole reason Singaporeans go to the airport.
This new upcoming condo in Tanah Merah Kechil Link will have a shopping mall below allowing for about 21,528 sq. ft. of retail space on the ground floor; it’s expected that we’ll see around 265 units above this commercial space. While this isn’t amazingly huge, it will hopefully provide some much needed food and retail amenities to the area; perhaps even a supermarket if the residents are lucky. Even Grandeur Park Residences, the newest upcoming development here, has just two shops. (With three other condos nearby, and no competitor, we think any supermarket here is bound to hit the jackpot). This is also a stroke of good fortune for owners of Optima @ Tanah Merah, Grandeur Park Residences, and Urban Vista; it rectifies one of the key things the area is lacking.
MCC Land’s bid of $248.99 million translates to a land rate of $930.34 psf per plot ratio (ppr) for the 95,587 sq ft, 99-year leasehold site. The differential between MCC Land’s and the second highest bid was just 4.6%. The land parcel is located next to the Tanah Merah MRT station and within close proximity of Changi Business Park. With no shopping mall around the MRT station, there would be strong demand for shops and food and beverages outlets.
This Tanah Merah Kechil Link new condo is likely to be launched in late 2021, when homebuying demand is expected to improve alongside an expected economic recovery
This Tanah Merah Kechil Link new condo is likely to be launched in late 2021, when homebuying demand is expected to improve alongside an expected economic recovery
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