Tag Archives: Temasek Polytechnic

Tampines Ave 10 site awarded for S$252.78m

Posted on 23 May 2012 | Comments Off on Tampines Ave 10 site awarded for S$252.78m

The tender for a residential site at Tampines Avenue 10 (Parcel A) has been awarded to a consortium comprising F.E. Lakeside Ltd, FCL Topaz Ltd and Sekisui House Ltd.

It submitted the highest bid of S$252.78 million, which works out to around S$417.86 psf ppr.

Chia Siew Chuin, Director of Research & Advisory at Colliers International, said the S$252.78 million price tag for the site reflects a break-even cost of between S$750 psf and S$800 psf.

Launched for sale on 28 March 2012, the 99-year leasehold site has a total area of 20,071.1 sq m with a permissible gross floor area (GFA) of 56,200 sq m and is zoned for residential development.

“Nevertheless, it is in close proximity to Temasek Polytechnic and the recreational areas of Bedok Reservoir Park. There should be buyer interest from locals as well as foreigners who work in Changi Business Park and Tampines Regional Centre,” noted Chia.

Source : PropertyGuru – 2012 May 22

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Posted in Government, Property Market / Real Estate

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The Hedges Park in Flora Drive open for preview

Posted on 15 Apr 2011 | Comments Off on The Hedges Park in Flora Drive open for preview

Hong Leong Group says the 501-unit Hedges Park in Flora Drive, in Changi, will be open for a preview today.

A project by Tripartite Developers, the 99-year leasehold development will have a mix of one- to four-bedroom apartments, with unit sizes ranging from 484 to 1,798 sq ft. Prices for one-bedroom units start from $466,000.

Hong Leong is a member of the Tripartite joint venture, together with City Developments and TID.

Hong Leong said water is a key element in the project, with a custom-built 50m waterway running through the landscape.

“The project aims to make home not just a place to rest but also a place to rejuvenate by being an enjoyable getaway – literally outside your doorstep,” said Ms Betsy Chng, head of sales and marketing, Hong Leong.

Nearby amenities include a Giant supermarket, IKEA and Tampines Mall, while Temasek Polytechnic and Singapore’s fourth university are also close by.

Source : Today – 15 Apr 2011

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Posted in New Launches

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