HDB to redevelop Tanglin Halt and build integrated development

Wong Siew Ying, head of research and content at PropNex, states the Tanglin Halt Cascadia BTO work drew in 1,193 clients, equating to an application level of 1.23 times. Wong says: “This was rather mild, provided the site’s city fringe spot in the popular Queenstown area. We assume the brand-new flats at the Tanglin Halt incorporated project ought to likely see a warmer response when they are launched up for sale, as customers tend to be drawn to integrated developments.”

Wong includes that Tanglin Halt Cascadia apartments were priced from $364,000 to $509,000 for three-room apartments and $537,000 to $702,000 for four-room apartments prior to grants. “It is quite feasible that brand-new condos at the future Tanglin Halt integrated development might be rated a little much higher, provided its host of facilities within the property, however will still be extra budget-friendly than costs in the resale market.”

Tanglin Halt estate, just one of Singapore’s eldest housing project estates in Queenstown, are going to be redeveloped toward a brand-new incorporated development.

” The types of condos may range from two-room flexi to four-room to provide for a wide variety of buyers who want to stay in this spots development. Costs for a four-room flat can begin with $550,000 to as high as $720,000,” says Lee. The first of the PLH BTO job is the 973-unit Tanglin Halt Cascadia that was introduced for business this month.

To be finished in two phases, the development will be situated at the former Tanglin Halt Area Centre spot, mentioned the minister in his address at the HDB Professional Engagement and Knowledge-sharing (PEAK) Forum. The previous Commonwealth Drive Food Centre and continuing Tanglin Halt Market remain in the area facility.

Tembusu Grand condo

Lee Sze Teck, Huttons Asia’s top supervisor of information analytics, states the Tanglin Halt integrated project will be a new landmark in the area. “It is good to note that some components of the older food centre and market will certainly be incorporated right into the new development.”

The transformation of Tanglin Halt estate will definitely bring newer households to the area and infuse higher vibrancy inside the area, Wong incorporates.

Lee claims a lot more condos, together with new commercial features and social and communal centers, are anticipated to start next year. This will definitely bring attention to occurring resale housing in the area, such as Commonwealth View, which is much searched for its prime place and scenic views. “There may be more million-dollar apartments in Commonwealth View in the future.”

Lee adds in that the brand-new prime location real estate (PLH) and build-to-order (BTO) flats could surpass 40 floors and may produce in between 700 and 800 condos.

The new incorporated property development is going to include a hawker facility, market and polyclinic in addition to as much as 5,500 brand-new household condos, Senior Minister of State, Ministry of National Development and Ministry of Communications and Information Tan Kiat How revealed on Oct 19.

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