HDB to redevelop Tanglin Halt and build integrated development
Tanglin Halt estate, one of Singapore’s first public housing estates in Queenstown, will be redeveloped toward a new incorporated advancement.
Lee adds that the new prime location real estate (PLH) and build-to-order (BTO) flats could go beyond 40 storeys and might generate in between 700 and 800 flats.
To be completed in two phases, the progression will likely be situated at the former Tanglin Halt Area Centre site, mentioned the minister in his address at the HDB Professional Engagement and Knowledge-sharing (PEAK) Forum. The former Commonwealth Drive Food Centre and continuing Tanglin Halt Market are in the area center.
Wong Siew Ying, head of research study and content at PropNex, states the Tanglin Halt Cascadia BTO job attracted 1,193 clients, translating to an application level of 1.23 times. Wong says: “This was rather mild, granted the site’s city fringe location in the prominent Queenstown area. We believe the new apartments at the Tanglin Halt integrated property development should probably see a warmer reaction when they are launched up for sale, as buyers often tend to be attracted to incorporated developments.”
Lee says a lot more condos, together with brand-new commercial features and social and communal facilities, are anticipated to launch next year. This will definitely bring attraction to occurring resale housing in the area, such as Commonwealth View, which is much sought after for its top location and panoramas. “There might be more million-dollar condos in Commonwealth View in the future.”
Lee Sze Teck, Huttons Asia’s top executive of information analytics, shares the Tanglin Halt incorporated property development will certainly be a brand-new landmark in the location. “It is nice to note that some elements of the old food facility and market will certainly be included into the brand-new improvement.”
The new incorporated project will include a hawker centre, market and polyclinic as well as approximately 5,500 brand-new residential apartments, Senior Minister of State, Ministry of National Development and Ministry of Communications and Information Tan Kiat How revealed on Oct 19.
Wong includes that Tanglin Halt Cascadia condos were valued from $364,000 to $509,000 for three-room condos and $537,000 to $702,000 for four-room apartments prior to grants. “It is quite achievable that new apartments at the future Tanglin Halt integrated project can be rated somewhat much higher, given its host of centers inside the project, yet will likely still be more budget-friendly than costs in the reselling market.”
” The kinds of condos might vary from two-room flexi to four-room to provide for a wide variety of purchasers that intend to remain in this landmark development. Rates for a four-room flat can begin with $550,000 to as high as $720,000,” states Lee. The first of the PLH BTO venture is the 973-unit Tanglin Halt Cascadia that was introduced for business this month.
The makeover of Tanglin Halt estate will certainly carry newer families to the area and insert higher vibrancy within the community, Wong includes.