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About Tengah Plantation Close Executive Condo Site
The Tengah Plantation Close Executive Condo site was put up for bid by the Housing and Development Board (HDB) as part of the government land sales (GLS) program’s confirmed list for the second half of 2022.
The Plantation Close parcel is 16,441.2 sqm and has a maximum GFA of 46,036 sqm and a maximum building height of 70–80 m above mean sea level.
It is expected that 495 EC units will be built there.
HDB will test an ehanced concept and cost revenue tender scheme at the Plantation Close EC site to encourage developers to use new and efficient building methods.
This means that interested developers can submit bids for construction methods other than the standard prefabricated prefinished volumetric construction (PPVC) method, as long as they can meet the expected productivity levels.
HDB said that PPVC bids will automatically be considered for the evaluation, while other bids will need a write-up to show that the proposal is possible.
Before they can be considered as qualifying bids, the concept evaluation committee, which is led by the Building and Construction Authority, will decide if the alternative bids can “reasonably fulfill” the productivity improvement requirements and match up to PPVC technology.
At this point, developers don’t have to submit a detailed concept design proposal.
This fits with the government’s plan to make buildings more productive. After reaching its previous goal of a 25% increase in construction productivity by 2020, HDB set a new goal of a 40% improvement by 2030.
Tengah Plantation Close Executive Condo Site Location
Tengah Plantation Close Executive Condo Site is being built in Tengah Town, Singapore, called Tengah Plantation Close Executive Condo. Tengah Town will be smart and good for the environment. Residents will have access to nice amenities, open spaces, and places to do gardening. The 100-meter-wide Forest Corridor is the most interesting part. It is a component of a larger ecological trail that links the Western Basin Areas to the Central Basin Areas.
Potential of the Site
PropNex Realty’s head of research and content, Ms. Wong Siew Ying, said that developers should be very interested in the second EC site in Tengah because of how well the 639-unit Copen Grand EC in nearby Tengah Garden Walk has been selling.
At its opening weekend in October, Copen Grand, the first EC in the “forest town” of Tengah, sold 73% of its units.
Ms. Wong said, “The strong response at Copen Grand EC will assist in increasing confidence and allow developers a clearer picture of the demand for private housing in the new town.”
The Tengah Plantation Close Executive Condo, which is close to Jurong Lake District and will consist of 495 units, is located between the upcoming Tengah Park MRT station and the future Bukit Batok West MRT station on the Jurong Region Line.
Ms. Wong thinks the plot will get five or six bids because it is in an up-and-coming town and there aren’t many new EC units on the market. The top bid is expected to be between $297 million and $322 million, which is about $600 to $650 per square foot per plot ratio (psf ppr).
She doesn’t think that the changed tender framework will hurt developers’ interests, especially since EC units are popular and Copen Grand EC did well.
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Review of Tengah Plantation Executive Condo
Tengah Plantation Close Executive Condo
The Tengah Plantation Close Executive Condo site was put up for bid by the Housing and Development Board (HDB) as part of the government land sales (GLS) program's confirmed list for the second half of 2022.
Product SKU: Tengah Plantation Close Executive Condo
Product Brand: Property Review
Product Currency: SGD
Product Price: 1350000
Product In-Stock: InStock