All-encompassing of a 10% extra balcony GFA (gross floor area), the land amount interprets to $1,171 psf ppr, depending on the agreement of pertinent authorities.
No property charge is allocated for the roughly 250,702 square feet location, which is marked residential underneath the year 2014 Master Plan with a 2.1 GPR (gross plot ratio).
As confirmed by the URA (Urban Redevelopment Authority), the location’s present gross floor area is 58,150.74 square meters, which decodes to a gross floor area of 2.4967. With this, the location might be improved into 581 new residential units with a typical size of 100 square meters.
Positioned laterally at the Siglap Park Connector (Eastern Coastal Loop), the spot is only 15 minutes’ drive to the Central Business District and Changi Airport.
“Windy Heights is considered as one of the biggest freehold residential revamping spots in District 14. The new property built on the area will relish unblocked outlooks over the apartments and low-rise landed houses in the neighborhood.
“There likewise isn’t much approaching supply in the Bedok zone in Districts 16 and 14 as well as in Kembangan area from collective sales and land sales, thus new launches in the expanse are probable to be adored in lieu of the little supply,” said the Knight Frank Singapore’s head of investment and capital markets and executive director, Mr. Ian Loh.
The Windy Heights tender will end on April 18.