HDB to redevelop Tanglin Halt and build integrated development
The transformation of Tanglin Halt estate will certainly carry young households to the area and infuse better excitement within the neighbourhood, Wong includes.
Wong includes that Tanglin Halt Cascadia apartments were priced from $364,000 to $509,000 for three-room flats and $537,000 to $702,000 for four-room flats before grants. “It is quite achievable that brand-new condos at the future Tanglin Halt integrated property development might be valued somewhat much higher, given its host of centers within the project, but will likely still be more affordable than prices in the resale market.”
Lee states much more apartments, in addition to new commercial amenities and social and public centers, are expected to launch next year. This will certainly bring attention to occurring resale housing in the area, such as Commonwealth View, which is much sought after for its top location and scenic views. “There might be more million-dollar apartments in Commonwealth View in the future.”
Wong Siew Ying, head of research study and content at PropNex, says the Tanglin Halt Cascadia BTO work attracted 1,193 prospects, converting to an application rate of 1.23 times. Wong says: “This was very modest, provided the area’s city fringe location in the preferred Queenstown area. We think the new apartments at the Tanglin Halt integrated property development should likely see a warmer feedback when they are released for sale, as buyers have a tendency to be attracted to incorporated developments.”
The new incorporated development will likely include a hawker centre, market and polyclinic as well as up to 5,500 new residential condos, Senior Minister of State, Ministry of National Development and Ministry of Communications and Information Tan Kiat How announced on Oct 19.
Lee Sze Teck, Huttons Asia’s senior supervisor of data analytics, states the Tanglin Halt integrated property development will certainly be a brand-new site in the location. “It is good to consider that a few components of the older food centre and market will certainly be incorporated into the new property development.”
” The types of flats might range from two-room flexi to four-room to cater to a large range of customers who want to remain in this site advancement. Prices for a four-room flat can start from $550,000 to as high as $720,000,” claims Lee. The first of the PLH BTO project is the 973-unit Tanglin Halt Cascadia that was introduced for purchase this month.
Tanglin Halt estate, among one of Singapore’s first housing project estates in Queenstown, are going to be redeveloped into a new integrated growth.
To be finalized in 2 stages, the progression will be found at the previous Tanglin Halt Area Centre location, mentioned the minister in his address at the HDB Professional Engagement and Knowledge-sharing (PEAK) Forum. The past Commonwealth Drive Food Centre and presenting Tanglin Halt Market are in the neighbourhood facility.
Lee includes that the brand-new prime location housing (PLH) and build-to-order (BTO) apartments can exceed 40 storeys and may yield between 700 and 800 condos.