Bukit Timah Road GLS can be a ninety nine-year leasehold Govt Land Profits web site that is anticipated to generate roughly 340 residential units on progress. Situated in the heart of District 11, the positioning is an element of Singapore’s ongoing urban transformation close to the Newton region, presenting solid connectivity, Way of life benefit, and extensive-phrase expenditure opportunity inside a remarkably sought-after metropolis location.
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While using the tender now awarded, Bukit Timah Road GLS gets to be a confirmed future launch that customers can start monitoring early, in advance of Formal branding and pricing are launched. For potential buyers evaluating future launches, This website stands out thanks to its spot beside Newton MRT and its position within just District 11, wherever new launch options are usually constrained.
This warning also aligns that has a change in developer desire toward web pages with tested demand from customers and established price benchmarks,” says Chu.
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Inside the around time period, current unsold stock ranges continue to be manageable, plus the rate of absorption implies that the industry isn't struggling with immediate supply stress,” he states.
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The location is the 1st land parcel that The federal government place up available underneath options for your new household precinct while in the Newton spot.
This extra disciplined tactic is probably going to continue, In particular as the availability pipeline expands and Competitiveness amid new condominium launches intensifies.
In the newest Learn Prepare, it highlights that foreseeable future developments In this particular precinct is going to be limited to low- and mid-increase buildings to be appropriate Together with the nearby landed housing spots.
The website sits right beside Newton MRT interchange, providing future people direct usage of both equally the Downtown and North-South Lines. This key connectivity is anticipated to be A serious draw for both equally developers and potential buyers.
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Feasibility bukit timah residences newton singapore Conference utilized in this article: suppose HH Expenditure acts as/via a licensed housing developer and correctly fulfills remission disorders, so only the five% non-remittable ABSD is taken care of as an economic Expense (about S$28.3m with a S$566.292m land price tag).
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