HDB to redevelop Tanglin Halt and build integrated development
To get finished in 2 stages, the progression will be found at the past Tanglin Halt Area Centre site, said the minister in his address 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 center.
Wong Siew Ying, head of research and content at PropNex, says the Tanglin Halt Cascadia BTO work brought in 1,193 prospects, translating to an application rate of 1.23 times. Wong states: “This was rather mild, provided the area’s city fringe spot in the prominent Queenstown neighbourhood. We believe the new flats at the Tanglin Halt incorporated development must most likely see a warmer reaction when they are released for sale, as customers tend to be drawn to integrated developments.”
” The sorts of condos might range from two-room flexi to four-room to deal with a large range of purchasers that intend to stay in this spots advancement. Rates for a four-room level could 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 released for purchase this month.
Lee adds in that the brand-new prime location real estate (PLH) and build-to-order (BTO) condos could go beyond 40 floors and may yield in between 700 and 800 flats.
The brand-new incorporated project will also include a hawker centre, market and polyclinic in addition to up to 5,500 brand-new non commercial condos, Senior Minister of State, Ministry of National Development and Ministry of Communications and Information Tan Kiat How introduced on Oct 19.
Lee Sze Teck, Huttons Asia’s senior director of data analytics, shares the Tanglin Halt integrated property development will be a new landmark in the location. “It is good to consider that a number of aspects of the outdated food facility and market will be included right into the new development.”
Wong adds that Tanglin Halt Cascadia flats were priced from $364,000 to $509,000 for three-room condos and $537,000 to $702,000 for four-room flats prior to grants. “It is quite possible that brand-new condos at the future Tanglin Halt incorporated development could be priced a little much higher, granted its host of establishments throughout the project, however will still be extra budget-friendly than prices in the resale market.”
Midtown Modern Tan Quee Lan Street
The makeover of Tanglin Halt estate will definitely bring young families to the area and infuse greater vibrancy inside the neighbourhood, Wong adds.
Tanglin Halt estate, among one of Singapore’s earliest housing project estates in Queenstown, are going to be redeveloped into a new integrated growth.
Lee claims a lot more apartments, together with new commercial services and social and common facilities, are expected to release next year. This will certainly bring interest to existing resale housing in the location, such as Commonwealth View, which is much searched for its prime location and panoramas. “There may be much more million-dollar flats in Commonwealth View in the future.”
