HDB to redevelop Tanglin Halt and build integrated development

To get completed in 2 phases, the progression will be found at the previous Tanglin Halt Neighborhood Centre spot, mentioned the minister in his keynote at the HDB Professional Engagement and Knowledge-sharing (PEAK) Forum. The past Commonwealth Drive Food Centre and presenting Tanglin Halt Market remain in the neighbourhood centre.

Wong Siew Ying, head of research and content at PropNex, says the Tanglin Halt Cascadia BTO work drew in 1,193 applicants, translating to an application level of 1.23 times. Wong claims: “This was very mild, provided the location’s city fringe location in the popular Queenstown neighbourhood. We think the new flats at the Tanglin Halt incorporated property development needs to probably see a warmer action when they are launched up for sale, as buyers often tend to be attracted to integrated growths.”

The new incorporated project will consist of a hawker centre, market and polyclinic in addition to as much as 5,500 new residential condos, Senior Minister of State, Ministry of National Development and Ministry of Communications and Information Tan Kiat How introduced on Oct 19.

Wong includes that Tanglin Halt Cascadia flats were marked up from $364,000 to $509,000 for three-room condos and $537,000 to $702,000 for four-room apartments prior to grants. “It is quite possible that brand-new apartments at the future Tanglin Halt incorporated project could be valued somewhat higher, given its host of facilities within the project, but will still be more reasonably priced than rates in the reselling market.”

Terra Hill condo

” The kinds of apartments might vary from two-room flexi to four-room to accommodate a wide variety of buyers that intend to stay in this landmark development. Rates for a four-room level could start from $550,000 to as high as $720,000,” says Lee. The initial of the PLH BTO project is the 973-unit Tanglin Halt Cascadia that was released for purchase this month.

Lee includes that the brand-new prime place housing (PLH) and build-to-order (BTO) condos could exceed 40 storeys and may produce between 700 and 800 flats.

The improvement of Tanglin Halt estate will bring younger families to the location and infuse higher excitement into the area, Wong includes.

Lee Sze Teck, Huttons Asia’s senior executive of data analytics, states the Tanglin Halt integrated development will be a new site in the location. “It is great to note that a few components of the old food centre and market will be incorporated into the brand-new property development.”

Lee says much more condos, along with brand-new commercial features and social and public centers, are expected to release next year. This will definitely bring attraction to occurring resale housing in the area, such as Commonwealth View, which is much sought after for its prime place and panoramas. “There may be a lot more million-dollar apartments in Commonwealth View in the future.”

Tanglin Halt estate, one of Singapore’s oldest public housing estates in Queenstown, are going to be redeveloped toward a brand-new integrated development.

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