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Is another condo in Tanah Merah Kechil Link worth buying?

Tenders for Tanah Merah Residence at Kechil Link sites closed with quotes ‘over assumptions’. The tenders for two confirmed-list domestic sites under the Government Land Sales (GLS) program for the first half of the year closed on 29 October 2020. The two 99-year leasehold land parcels – at Tanah Merah Kechil Link and also Yishun Avenue 9 – marketed by the Urban Redevelopment Authority (URA) as well as the Housing Board (HDB) respectively, were the first GLS tenders to shut from the pandemic started. Amid the economic downturn, the bids were typically over expectations, experts say.

The land parcel in Tanah Merah Kechil Link is for a combined household development, with the initial storey stated for business space. An attractive attribute of this site is its location straight before the Tanah Merah MRT station– it is the closest to the terminal’s entrance compared to the surrounding condominium growths. Currently, the Tanah Merah MRT terminal is one station from the Expo MRT interchange station which is additionally connected to the Downtown Line. The Expo terminal will likewise be attached to the Thomson-East Coast Line (TEL) which will additionally boost the availability to the city and northern parts of Singapore when the TEL is ready from 2024.

Source: Tanah Merah Kechil Link tanah-merah-residence.com

Tanah Merah MRT

The push for decentralisation– in the middle of improvement in public transport – has drawn in numerous firms to establish their visibility in regional industrial centers such as in Paya Lebar and also Tampines. For example, the Tampines Regional Centre has actually become an area for many financial institutions’ back-office functions, while Paya Lebar has actually become a lively live-work-play destination with developments including incorporated advancement Paya Lebar Quarter, Paya Lebar Square and SingPost Centre. Not forgetting the busy Changi Business Park close by, which is home to several modern technology companies as well as financial services business.

At the same time, enthusiastic customers will certainly not have to look much for some shopping, given that the task will certainly provide commercial stores on the very beginning. Beyond that, there are lots of other retail offerings and also event spaces around such as the Singapore Expo, Changi City Point, Bedok Mall, Bedok Point, East Point, as well as obviously the enormous Jewel Changi Airport, which not just houses a thorough mix of F&B, retail and also lifestyle options yet additionally the 40-metre high HSBC Rain Vortex– the globe’s highest indoor falls.

Tanah Merah East Living

Compared with the various other GLS websites for the first half 2020 for both the confirmed and book lists, the Tanah Merah Kechil Link parcel additionally has the smallest GFA, which would need less capital requirement and thus, less economic threat to develop.

Future resident wanting to lease the system to expatriate family members would certainly be heartened to understand that there are 2 worldwide institutions – Nexus international institution in Aljunied and also United World College South East Asia (East Campus) in Tampines– that are a short car ride away.

Tanah Merah is a geographical region situated along the south-eastern coast of the East Region of Singapore. Although its borders aren’t exactly clear, it is commonly widely approved that term “Tanah Merah”, is used to refer to the southerly coastline of present-day Bedok, Tampines, Changi and Changi Bay.

Initial introduction about Tampines St 62 EC

2 99-year leasehold sites used as part of the Government Land Sales Programme have each fetched nine quotes at state tenders that closed on Thursday.

One is a land parcel for an exclusive housing development with shopping space on the 1st floor, situated next to the upcoming Lentor MRT station on the Thomson-East Coast Line; as well as an additional is a site for an executive condominium (EC) real estate along Tampines St. 62. ECs are a public-private housing crossbreed.

For the EC plot in Tampines St 62, the leading proposal of S$ 422M or almost S$ 659 psf ppr tendered by a consortium comprising a Qingjian Real estate and Octava Pte Ltd joint venture and Santarli Realty.

Even though it sounds pretty expensive for such a mass market real estate project, compared with Canninghill Piers which will be launched soon, the launch price is really quite attractive.

The Tampines St 62 EC project is approximately 1 km from the Pasir Ris MRT station, near nature parks such as Tampines Eco Environment-friendly Park and Tampines North Blvd Park. It is likewise located towards the south of Tampines Meridian JC. Neighboring colleges are Poi Ching Primary School, Gongshang Pri school, Elias Primary, and so on.

Image from: Tampines St 62 EC https://tampinesnorth-ec.com/

Tampines St 62 EC location map

Tampines has had a variety of HDB Build-To-Order launches in the past couple of years, supplying a large pool of prospective upgraders to ECs.

Tampines North blueprint

Tampines St 62 EC is in the 1st Regional Centre in Singapore and also mature estate with renewed rejuvenation. There will be lots of opportunities past 2030 – 800 hectares of transformation at your front door with the moving Paya Lebar Airbase in 2030.
Tampines is a popular location with EC customers. Parc Central Residences at Tampines St. 86, which was introduced in Q1 this year, is about 86% sold, achieving an average price of above $1,170 psf.

Tampines North Boulevard Park


Piermont Grand was sold at a median rate of $1,151 psf, and Parc Central Residences at $1,173 psf. As a result, a typical asking price of over $1,200 psf for new ECs could be breached when the Tampines St 62 EC is introduced.

Tampines is the planning location and also residential community in the geographical region of Tanah Merah located along the north-eastern shore of the East Region of Singapore. The preparation location is bordered by Bedok and Paya Lebar to the west, Pasir Ris to the north, Changi to the east, and the Singapore Straits to the south. Tampines New Town lies in the northern part of Tampines intending location.

Things to know before you consider Tanah Merah Kechil Link condo

MCC Land won the bidding process for the 8,880 sqm parcel at Tanah Merah Kechil Link, next to Tanah Merah MRT station, among complete 15 proposals, with the greatest by MCC Land (Singapore) at $248.99 million. This converts to a land price of approximate $930 per sq ft per plot ratio (psf ppr).
The Tanah Merah Kechil Link site, which is stated for property with commercial use on the very first storey, can potentially produce around 265 units and also 2,000 sq m of business area.

The Tanah Merah Kechil Link condo is located alongside the Tanah Merah MRT terminal and within close distance of Changi Business Park. Without mall around the MRT terminal, there would be strong demand for stores and food and also drinks electrical outlets. The proximity to the Tanah Merah MRT terminal on the East-West Line (EWL) offers effortless accessibility to business centres in Tampines as well as Paya Lebar, as well as nearby Changi Business Park, the Changi Airport as well as exciting future advancements in Changi East. It is also a straight train trip to major task centres in Raffles Place and also Jurong East on the EWL.

Resource: Tanah Merah Residence @Kechil Link tanahmerah.residencessg.com

Tanah Merah Residence at Kechil Link location map

The promote decentralisation– amidst enhancement in public transportation – has actually brought in many business to establish their visibility in local industrial hubs such as in Paya Lebar and Tampines. As an example, the Tampines Regional Centre has become a location for several financial institutions’ back-office functions, while Paya Lebar has become a lively live-work-play location with developments consisting of integrated advancement Paya Lebar Quarter, Paya Lebar Square as well as SingPost Centre. Not forgetting the bustling Changi Business Park close by, which is house to lots of modern technology firms and also economic solutions companies.

It is not all job as well as no play either. Individuals living in the East, occasionally called the Easties, will prove that Eastern Singapore is a great deal of fun and also possibly has some of the most prominent restaurants in the nation– from East Coast Road to Joo Chiat as well as Katong, from Old Airport Road to Simpang Bedok. Foodies, be alerted. There will be no absence of tasty dining/supper choices for future residents of the new Tanah Merah development. There are likewise numerous education establishments at the Tanah Merah parcel, thus reducing the commute to institutions – which can indicate some extra time in bed or to grab a quick morning meal. These colleges consist of St. Anthony’s Canossian Primary as well as Secondary, Bedok Green Primary and also Secondary, Anglican High School, Bedok View Secondary School, Bedok South Secondary School, Temasek Secondary School, Temasek Junior College, ITE College East, Singapore University of Technology and also Design.

The name “Tanah Merah” appears in the seventeenth century (1604) map by Manuel Godinho de Erédia on Singapore, written as Tana Mera. This place name is most likely to have been an essential referral point for the orang laut (sea people) in their tasks in the region. Old maps also show the presence of Tanah Merah Road as early as the 1840s, which stretched from Kallang River to Changi Point. Now, the road ran mainly along the initial path yet was renamed Geylang Road, Changi Road and also Upper Changi Road, with an area in between Siglap Road and Tanah Merah Kechil Road lost after capitals of Chai Chee as well as Bedok were levelled, and also another brief section shed under Changi Airport.

What you should know about Yishun EC?

The EC site at Yishun Avenue 9 attracted a higher-than-expected top bid cost of $373.5m from Singapore-listed home developer Sing Holdings. The price converts to a land rate of $576 per sqft per plot ratio. The quote rate is better than market assumptions that variety from $500 to $550 per square foot per plot ratio. The last 2 ECs introduced in Yishun were both in 2015. The brand-new EC at Yishun will certainly be the following, as well as it will be at some point in 2022, which is 6 to seven years after the last two EC jobs were released.

New executive condominium in Yishun Ave 9, Area 27, is a property place for the routine city slicker. Located along Yishun Avenue 9, the new EC at Yishun is a suv oasis for the regular city dweller. The citizens will certainly appreciate the distance to rich plant at Sungei Khatib, which offers homeowners a panorama and also is a guaranteed plus factor for nature enthusiasts. It is close to Sungei Khatib with its lavish plant that will appeal to nature fans seeking a panorama. The brand-new executive condo has an unblocked view of the water and also the nature park.

This site is an Exec Condo (EC) site, situated at the junction of Yishun Avenue 8 and 9, beside the Symphony Suites condominium. Apart from 9 Homes, located around 600 metres away, the other properties here are HDB apartments. Like numerous various other EC sites, it’s quite much from the MRT station– roughly 1.6 km. However, it is within 700 metres (nine minutes’ walk) of the Junction 9 shopping mall. This is the first EC launch in Yishun in 2015, the last being The Signature and The Criterion.

Yishun Town
Source: Yishun Ave 9 EC https://www.yishunec-sg.com/

The site is surrounded by a wide range of amenities to create a pleasant living environment. A short drive to Northpoint City, the latest mega integrated mixed development and transportation hub in Northern Singapore, a favourite haunt for the nearby residents. It provides diverse retail outlets, food and beverage, food courts, additional choices for grocery shopping, community club and public library. The residents will enjoy the convenience of amenities with cinemas, restaurants, supermarket, and eateries.

yishun EC dummy perspective 3

WHY INVEST IN YISHUN 9 EC? Efficient layout & design allows flexibility in customization. Walking distance to the food court, markets and convenient stalls. Attactive rental with close proximity to G.E.M.S International School + Seletar Aerospace Park. Free 1 Year Shuttle Bus To Yishun MRT & Bus Interchange. Within 1km To Yishun Integrated Mall with Interchange/ North Point City. Near Health care center; Khoo Teck Puat Hospital, the Yishun Community and Yishun Pond was revamped with a three-storey lookout tower. Developers have always been confident about ECs, believing these are some of the highly-sought-after property types. ECs are in between public and private housing; they are only HDB properties for the 1st few years, and are fully private after that.

Yishun, formerly known as Nee Soon, is a area situated in the northeastern corner of the North Region of Singapore, bordering Simpang and Sembawang to the north, Mandai to the west, the Central Water Catchment to its southwest, Ang Mo Kio to its south, and Seletar and Sengkang to the east.

Pasir Ris 8 – the integrated project


Image source: https://www.pasirriscentral.com/

Pasir Ris 8 condo is a new blended property and also business development that's a joint endeavor in between Allgreen Properties and Kerry Properties. The two Allgreen Properties and also Kerry Properties are amongst one of the most relied on and also prominent programmers of Singapore.

The new growth is likewise a short walking distance to the Pasir Ris Town Park and also Coastline, in addition to a myriad of recreational facilities as well as fascinating food areas.

During the government land sale (GLS) launched on 27 Aug 2018 for the Pasir Ris 8 site, it sent a winning bid of virtually $700 million. This exercises to $684.48 per square foot per plot ratio (psf ppr) based upon the overall gross floor area of about SGD1.02 million square foot. Nevertheless, the unit land rate based on a reduced gross flooring area of 832,480 sqft that omits the public facilities, exercises to be fairly dramatically higher at S$ 840.86 psf ppr. To breakeven, the programmer will certainly need to increase their market price (describe computation below). For the G The twin envelope idea and rate profits tender included two phases. For the initial stage, the tenderers need to substantially please the examination requirements established by the Concept Examination Committee (CEC). Just if their concepts are shortlisted will certainly they continue to the second phase of the procedure. At the 2nd phase, the rate envelopes sent at the beginning of the tender by the shortlisted tenderers will be opened, with the greatest bidder awarded the Pasir Ris 8 White site. LS, the residential or commercial property developers are called for to meet HDB's Idea Examination Committee's (CEC) standards of a top quality growth that "flawlessly integrate amenities with properly designed public spaces". This is part of the government's efforts to invigorate Pasir Ris under its "Remaking Our Heartland" plans (much more on this below).

Pasir Ris 8 remains in a walking range from Pasir Ris MRT, with it being situated just 0.54 kms away. There are great deals of bus-stops like stop range B77341, cease number B77349, discontinue number B77031 and prevent number B77039 which are near this condominium. This could offer the simpleness of sail to the occupants.
Several expressways are positioned in the area of the development. Tampines Expressway (TPE) is 700m off, Kallang Paya Lebar Expressway (KPE) is 3.6 kms off, Pan Island Expressway PIE is 10.6 kilometres off while Central Expressway (CPE) can also be 10.6 kms away. This makes travelling into the continuing to be locations of the island quite straightforward.

In addition, the 3-story business podium will certainly be larger than the Bedok Shopping mall. For contrast, Bedok Mall offers 220,000 square feet of net lettable area and it houses more than 200 stores throughout 3 floorings.

Hence, this will make the Pasir Ris 8 shopping center the largest in the housing estate! Together with the White Sands Mall next to it, residents will certainly take pleasure in an even more dynamic and vibrant living environment. As the mall totally owned as well as handled by the designer, homeowners will gain from the appropriate upkeep of the condo which will uphold its worth in the long-lasting.

Besides purchasing, Pasir Ris 8 citizens will additionally benefit from its close-proximity to the bordering business locations and entertainment facilities. With their landscaped green areas, linkways to close-by nature parks, pedestrian and also bicycle-friendly settings, in addition to normal activities to strengthen the social communication within the neighborhood, locals can look forward to a much more vibrant living environment.

Pasir Ris 8 is a condo alongside Pasir Ris MRT Terminal, as well as it had been offered to Allgreen Properties and Kerry Properties from Housing Development Board. The winning quote is practically $700 million, which works out to $684.48 per sqft per plot ratio (psf ppr) according to total gross flooring area of 1.02 mil sqft. The estimated breakeven price has to do with $1,176 psf. Pasir Ris 8 launching price might differ from $1500 psf onwards.

Parc Greenwich Project Highlights

Project Highlights

Unblocked Landed Views
North-South Orientations with Low and Appealing Quantum
Nestled in Tranquil and Serene Surroundings within the Landed Enclaves
Proximity to Renowned Schools like Rosyth School, Nan Chiau School, Mee Toh School, CHIJ St. Joseph Convent
Within 9 minutes walk to Fernvale LRT, The Seletar Shopping center & the upcoming Fernvale Square (An Integrated Community Center).
Short 13 minutes drive to The CBD.
Brief 11 minutes drive to The Orchard Shopping Belt.
Straight opposite Greenwich V Shopping Mall which includes Cold Storage, Food Court, Childcare Centre, Pet Shops & Clinics.
Difficulty Free Connectivity to TPE, CTE, KPE expressways & major roadways.
Flight on the upcoming 2 MEGA CHANGE-- The Seletar Aerospace Hub & The Punggol Digital District.
Complete Private Condominium Status after 10 Years.
If you are a First-Timer, up to $30K Federal Government Grants.
Quality Product at 20%-- 25% Lower Entry Rate as compared to the New Private Condominiums.

Found in Sengkang Fernvale Enclave, Parc Greenwich Executive Condo is simply across Greenwich V Shopping Center and lies in a special enclave. Amenities are all within reach in the Fernvale estate, increasing benefit for residents.

For cars and truck owners, roads such as Yio Chu Kang and Sengkang are at your doorstep. Major expressways like the Seletar Expressway (SLE), Central Expressway (CTE), and Tampines Expressway (TPE) are easily available making it possible for citizens to connect to other parts of Singapore effortlessly.

One of the biggest perks of being a PARC GREENWICH resident is the wide variety of features nearby.

Parc Greenwich site covers about 1.87 hectares or 17,129.9 sq m with an optimum GFA of 47,964 sq m. When finished, the advancement is anticipated to house around 500 contemporary housing units and is anticipated to rise 15 storeys high. The EC will include centers such as a club, health club, tennis court, swimming pool, and a lot more.

Schools within 1km of Parc Greenwich consist of Fernvale Primary School and Sengkang Green Primary School. Within 2km there is Anchor Green Primary School, Fern Green Primary School, Hougang Primary School and Rosyth School.

Parc Greenwich is approximately 900 m away from Fernvale LRT Station and The Seletar Shopping mall. It is also positioned directly accoss The Greenwich V Shopping Mall.

HDB has awarded the Parc Greenwich EC site to Frasers Residential or commercial property Ltd used under the Government Land Sales program (GLS). Parc Greenwich is strategically positioned at Fernvale Lane along Yio Chu Kang Roadway in the North East side of Singapore.

PARC GREENWICH, located on Fernvale Lane, at the intersection of Greenwich V at the picturesque Seletar Hills and the ever vibrant Fernvale, with an upcoming park next door, is a home in an Urban Town. It is an upcoming High-end Executive Condo (EC) with 496 systems ranging from 2-bedroom + research study to 5-bedroom units, developed by Frasers Home Singapore. Parc Greenwich is prepared for its locals 'enjoyment as a household, a location with a plethora of facilities for families to bond, a promise of a meaningful future.

The developer Frasers Residential or commercial property won the tender after submitting the greatest bid of $286.5 million, equating to $555 psf ppr. Coming close was a bid from a consortium in between MCC Land (Singapore) and Sing Holdings Residential. They submitted a bid of $285.1 million comparable to $552 psf ppr.Out of the 7 bidders, a quote from a collaboration led by Evia Realty came last at around $500 psf ppr.

Cope with premium surfaces of chic and smooth and large layout that is thoroughly designed with luxury and beauty in mind. Each individual space is fitted with finest of fittings and finishes with you in mind.

Parc Greenwich is around 900 m away from Fernvale LRT Station and The Seletar Shopping mall. It is a brief range walk from the upcoming Fernvale LRT and with facilities such as shopping malls, healthcare facilities, and schools within the vicinity. Considering Parc Greenwich distance to facilities and amenities and URA's future advancements in the north-east region, Parc Greenwich is expected to receive a high need.

The beautiful landscape of this advancement invites its future residents with a plentiful greenery. With its area surrounded with towering structures, it helps to offer the locals a break from the hectic atmosphere. Calmness and peacefulness within its facilities.

Although Parc Greenwich EC is located in the OCR in District 28, numerous features are within walking range. It is a short distance walk from the upcoming Fernvale LRT and with facilities such as shopping center, healthcare facilities, and schools within the vicinity. The area likewise delights in outstanding connection enabling Parc Greenwich citizens to access the city within a brief trip.

Equipped with a collection of extravagant facilities, this development is the supreme choice for your dream home in the metropolis. A few of this exciting locations include recreational centers like the BBQ lap, fitness center and area swimming pool.


Photo Source: https://www.parc-greenwich-ec.com

PARC GREENWICH, located on Fernvale Lane, at the intersection of Greenwich V at the idyllic Seletar Hills and the ever vibrant Fernvale, with an approaching park next door, is a home in an Urban Village. Parc Greenwich is planned for its residents 'satisfaction as a household, a place with a wide variety of facilities for households to bond, a guarantee of a meaningful future.

Commuting at ease with the surrounding lined up with bus stops as well as MRT and LRT stations, that includes the nearby Fernvale LRT, Thanggam LRT, Tongkang LRT, Layar LRT and Serangoon North MRT. Closed connection to popular schools such as Rosyth Primary School, Nan Chiau High School, Fernvale Primary School, Sengkang Green Primary School, Hougang Primary School, Pei Hwa Secondary School.

Nestled in the tranquil and serene environs of the Northern-Eastern Area of Singapore with unrivaled connectivity and features for sheer benefit, homeowners call it their opportunity to take pleasure in a large series of centers that provide continuous minutes of bliss and the masterfully developed iconic communal gardens and pool.

Considering Parc Greenwich proximity to amenities and centers and URA's future advancements in the north-east area, Parc Greenwich is anticipated to get a high need. Being a residential or commercial property developed by the reliable Frasers Property indicates the advancement will take pleasure in huge success. The 480 systems of Parc Greenwich are set to be highly sought-after by buyers trying to find comfy homes in a relaxing environment accessible to the city.

Seletar Shopping Mall and Greenwich V deal a lot of retail choices, together with fundamentals like grocery stores and dining establishments. A brief drive away is Punggol Town Hub. It features a library, hawker center, child care center and a good choice of health services.

In regards to schools around the area, parents can pick from a wide variety of top close-by schools of all levels. They consist of Brain Buttons Kindergarten, PCF Sengkang Preschool, Anchor Green Pri School, Hougang Pri, Sengkang Green Primary School, Fernvale Primary School, Yio Chu Kang Primary School, Pei Hwa Secondary School, Hougang Secondary School, Sengkang Secondary School and Nan Chiau High School.

Pasir Ris 8 – the condo next to Pasir Ris MRT coming soon

Pasir Ris 8 Overview

An exciting new mixed development, Pasir Ris 8, is coming up in Pasir Ris. Everything about its location is superb, from being located  in one of the most mature estates and the coveted district 18 to being situated right in the heart of Pasir Ris, just next to the Pasir Ris MRT station. The condominium has all the facilities and amenities you need within easy travel. Moreover, the condominium itself is an integrated development consisting of a polyclinic, childcare facilities, retail amenities, town plaza and most importantly, a bus interchange, thus offering future residences even greater convenience.

It has a site area of approximately 408,880sq ft, and about 480 residential units. The units range from one bedder to four bedders. All units are built above a three-storey mall, which has its own separate parking from residential parking which resides on level 3. Residential units will be on levels 4 to 11.

 

Pasir Ris 8 Residence is a 99-year leasehold development by Allgreen Properties and Kerry Properties, who won the bid with nearly S$700 million, which translates into S$684.48 per square foot per plot ratio. This magnificent mixed-use development is expected to be completed by 2024. In fact, both companies are real estate arms for the Kuok Group. Allgreen Properties is one of the largest property developers and has an impressive portfolio. It has won various awards for its high-quality work, for instance, BCA Quality Award (Gold), BCA Quality Mark (Excellent) and more. On the other hand, Kerry Properties is also an award-winning world-class property company with significant investments in Mainland China and Hong Kong.

Reasons for considering Pasir Ris 8

1. Pasir Ris 8 is the only commercial and residential integrated development in District 18.
2. Its strategic location, Pasir Ris MRT station is within walking distance, and will soon become an interchange with 2 MRT lines. Additionally, The bus interchange is linked directly to the condominium.
3. It is located near multiple shopping malls.
4. The condominium is developed by reputable developers, Allgreen Properties and Kerry Properties.
5. Every unit is created with premium grade materials and fittings.

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