No Development cost is payable for the about 250,702 sq feet land site, which is zoned domestic under the 2014 Master Plan of Planning with a gross story proportion (GPR) of 2.1.
Parc Life is among the biggest estate property redevelopment sites in the district.
” There additionally isn’t really much upcoming supply in Kembangan and the Bedok location in Districts 14 and also 16 from land sales as cumulative sales, thus brand-new launches such as Parc Life in the location are most likely to be searched for instead of the reduced supply,” stated the executive supervisor and also head of financial investment and also funding markets at Best Deal Singapore.
“ Parc Life location is among the biggest property domestic redevelopment sites in the area. The brand-new advancement improved website will certainly take pleasure in unblocked sights over low-rise landed homes and also houses around.
As validated by the Urban Redevelopment Authority (URA), the site’s present GFA is 58,150.74 sq m, which means a GPR of 2.4967. With this, the website could be redeveloped right into 581 brand-new household units with an ordinary dimension of 100 sq m.
Found off Jalan Daud, the Parc Botannia estate makes up 4 household blocks of 192 homes, 8 penthouses and 2 industrial units.
The tender for Parc Botannia showflat will shut on 18 April.
The existing en bloc high hike reveals no indicators of easing off with Parc Life price being the most up to date task to sign up with the fad. Located along the Eastern Coastal Loophole (Siglap Park Port), the website is a 15-minute drive to Changi Airport terminal and to the Central Enterprise Zone.
Inclusive of a 10 percent bonus offer porch gross flooring location (GFA), the land price equates to $1,171 psf ppr, based on the authorization of appropriate authorities.