Tengah Garden Walk EC site awarded for $400.3mil

The tender for an EC site at Tengah Garden Walk has actually been awarded to Taurus Prop, a 50% alliance involving CDL and MCL Ground.

Taurus Properties put forward the best tender of $Four hundred mil, and that formulates to $6thousand 4hundred 92 per square meter based upon gross floor area.

Liv @ MB condo price

This is a history land fee for an EC plot beneath the Government Land Sales programme, exceeding the older history of $5hundred 83 psf ppr achieved by the Sumang Walk EC location that was assigned in Mar2018, shared Wong SY, Head of Research and Content at PropNex.

CDL also MCL Land layout to put together 12 blks of as much as 14 levels with around 6hundred 20 executive condominium units at the site. They published that the property is going to be designed to attain BCA Green Mark GoldPLUS (Super Low Energy) status as per land tender conditions.

Tan Wee Hsien, Chief Exec Officer of MCL Land, announced future citizens of the residence are going to delight in reliable commuter connection in addition to first class leisure living because the Ninety Nine yr lease location is located nearby three Mass Rapid Transit terminals on the forthcoming Jurong Region Line.

Within a 10-minute stroll to Tengah’s future Small town Centre, the location is furthermore lower than a thirty min trip to Orchard Rd and even the Central Business District.

Launched available for sale on 26November’20, the 22thousand 20 sq metre spot has an optimum gross floor area of 61,659 square meter and even is expected to provide 615 residence apartments. The Ninety Nine yr lease spot has a property conclusion time span of 60 mths.

The tender for the site closed on 25 May 2K21, with seven bids picked up. The highest tender was a minor 0.3% more than the next greatest quote of $Four hundred million from CSC Land Grp (SGP).

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