About Mattar Road Site Land Tender

Mattar Road Land Tender

A consortium by TA Corp, Keong Hong and Hock Lian Seng Holding came in top bid at $223 million for Mattar Road GLS site. The joint venture by TA Corp, Keong Hong Holdings and Hock Liang Seng at 20%, 35% and 45% respectively. The consortium will use bank borrowing and internal funding for this project.

This site draw a pretty healthy number of bids, both from small and big developers with a total of 10 bids. The second bid by Helioconia is just about $5m difference.

The land size is 6230.s sqm and is under a 99 years leasehold tenure.


About Mattar Road Site

Mattar Road Land Site


Project Details Mattar Road Condo
Developer: FKSH Development Pte Ltd.
Description: Residential Condominium with condo faciities along mattar road
Address: Mattar Road, Singapore
Site Area: 6,230.2 sqm
Plot Ratio: 3.0
District: 13
Total Units: TBA
Tenure: 99 years leasehold
Expected TOP: TBA


Mattar Road is considered to be one of the sought sites in the area of District 14. Included in the Government Land Sales (GLS) Programme list on the first half of 2018, the tender will close on the 26th of April. The site which measures about 6,230 square meters offers a promising location for a residential development.

This site is highly contested probably due to its proximity to Paya Lebar Central with top bid at $223 million of $1,109 psf ppr. Top bidder is a consortium by TA Corporation, Keong Hong Corporation and Hock Lian Seng Holdings. The property has a promising opportunity as it is within an accessible distance from the country’s Central Business District (CBD). The Gross Floor Area (GFA) of the property measures 18,691 square meters which will provide a comfortable space for a residential development.

The site is rendered with a 99-year leasehold tenure, giving the future development a magnificent opportunity for ROI. The site is huge, which can cater to a good amount of residential units that will be able to shelter various types of residents.



Mattar Road New Condo Location

Matter Road New Condo Location

The Mattar Road New Condo Location is within an immediate distance from various locations in District 14. The area known as Mattar Road is close to different educational institutions that values excellent quality teaching. School choices include Canossa Convent Primary School, Geylang Methodist School, Bendemeer Primary School and Macpherson Primary School.

There are also a variety of shopping malls that house the trendiest shops are also in close proximity to the site. Malls like Phoon Huat, NEX Shopping Mall, Upper Serangoon Shopping Centre and Macpherson Mall are lined with shops that will surely give you high-quality products and enjoyable items to buy. Plenty of supermarkets are also available within reach.

The busy nightlife of the district is undeniably awesome. Dining amenities are available within a few minutes walk. Some of these establishments include Breadtalk, The Boiler, Alfero Artisan Gelato, Boon Tong Kee and Kay Lee Roast Meat. World class cuisines can be tasted within a few distances away.

The Pan Island Expressway (PIE, Kallang Paya-Lebar Expressway (KPE), Upper Paya Lebar Road and other major routes links the area to the rest of the district. Commuters have the comfort of travel via a number of MRT and bus stations that are within a few minutes reach from the site.

The urban lifestyle dazzles the neighbourhood of this majestic soon to be a residential site at Mattar Road.


About the Developer

A consortium by TA Corporation, Hock Lian Seng Holdings and Keong Hong Holdings came in top bid for this amazing site in Mattar Road has been in the industry for quite a while now. It is one of the most notable developers in the country. This developer has received a number of distinguishable awards and has set an excellent standard for property developments.

The developer has constructed various properties that have marked an iconic impression to their respective areas. Property-seekers and investors that are looking for a magnificent residential or commercial development can be catered by the company. Residential properties that are oozing with a luxurious space and provides the much-needed privacy in an urban city, this developer has it.



Potential of the Site

The Mattar Road site measures a staggering 6,230 square meters. With this land size, it can yield a low to high rise residential development that houses about 250 marvellous units. The development has a permissible Gross Floor Area (GFA) measuring to 18,691 square meters. With an undeniably capacious site area, the property can be developed into an extremely modern residence for the property-seekers.

The Mattar Road has a busy neighbourhood that is surrounded by all the convenience. Future occupants will soon experience how to live in a superb and classy home. The units which can vary between 1 to 4 bedrooms offer the most accommodating shelter to the future inhabitants. Topped with the carefully chosen furnishings, the future occupants will surely live the life that they are used to.

The site is expected to have about eight to twelve bidders with a minimum price of about $1,000 per square feet per plot ratio (psf ppr ). Competitively, the future development of this site can yield an amazing home with an elegant privacy and a touch of urban lifestyle on the side.


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Review of Mattar Road New Condo

Mattar Road New Condo | GLS 2018
Mattar Road Land Site

A consortium by TA Corp, Keong Hong and Hock Lian Seng Holding came in top bid at $223 million for Mattar Road GLS site. The joint venture by TA Corp, Keong Hong Holdings and Hock Liang Seng at 20%, 35% and 45% respectively. The consortium will use bank borrowing and internal funding for this project.

Product SKU: Mattar Road New Condo | GLS 2018

Product Brand: Property Review

Product Currency: SGD

Product Price: 1890000

Product In-Stock: InStock

Editor's Rating: