The transformation of Tanglin Halt estate will carry young families to the area and infuse higher vibrancy within the community, Wong adds.
Wong includes that Tanglin Halt Cascadia flats were marked up from $364,000 to $509,000 for three-room apartments and $537,000 to $702,000 for four-room flats prior to grants. “It is fairly feasible that new flats at the future Tanglin Halt integrated project could be priced slightly much higher, granted its host of facilities inside the property, but will still be extra affordable than prices in the reselling market.”
” The types of condos might vary from two-room flexi to four-room to cater to a variety of purchasers that want to stay in this landmark development. Prices for a four-room flat could 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.
Lee says more apartments, along with new commercial features and social and common centers, are anticipated to release next year. This will certainly bring interest to existing resale housing in the area, such as Commonwealth View, which is much searched for its prime area and panoramas. “There may be much more million-dollar apartments in Commonwealth View in the future.”
Lee Sze Teck, Huttons Asia’s top supervisor of data analytics, shares the Tanglin Halt integrated development will be a new landmark in the area. “It is nice to note that a few components of the older food center and market will be included right into the new improvement.”
To be finished in two phases, the growth is going to be located at the past Tanglin Halt Neighborhood Centre spot, said the minister in his speech at the HDB Professional Engagement and Knowledge-sharing (PEAK) Forum. The previous Commonwealth Drive Food Centre and presenting Tanglin Halt Market are in the neighbourhood facility.
Wong Siew Ying, head of research and content at PropNex, claims the Tanglin Halt Cascadia BTO job attracted 1,193 applicants, translating to an application level of 1.23 times. Wong claims: “This was very modest, granted the location’s city fringe spot in the preferred Queenstown neighbourhood. We believe the new apartments at the Tanglin Halt incorporated project must most likely see a warmer action when they are released for sale, as buyers often tend to be attracted to integrated developments.”
The new incorporated property development is going to include a hawker centre, market and polyclinic as well as approximately 5,500 brand-new non commercial apartments, Senior Minister of State, Ministry of National Development and Ministry of Communications and Information Tan Kiat How introduced on Oct 19.
Tanglin Halt estate, among one of Singapore’s first public housing estates in Queenstown, are going to be redeveloped into a brand-new integrated growth.
Lee adds in that the brand-new prime place real estate (PLH) and build-to-order (BTO) apartments can exceed 40 floors and may produce in between 700 and 800 condos.