The URA has awarded the Toh Tuck Road site to S P Setia Group. The website is going to be the place to find the Malaysian group’s third rise in Singapore.
URA received as many as 24 bids, with S P Setia submitting the very best bid of $265 million. That actually works to $939 psf of gross floor position for the fir.87ha site, with a plot ratio of just one.4. S P Setia states it intends to develop a 327-unit, five-floor condominium having a total GFA of 282,100 sq foot on the website. It intends to launch the work in 2018.
The brand new condo, that is within short walking distance from the Beauty World MRT station, will love choice amenities, the developer states. It’s also available to other areas from the city condition through the Pan Island Expressway and also the Bukit Timah Expressway. It’s also near to the Bukit Timah Nature Reserve and Bukit Batok Nature Park – a benefit for individuals who benefit from the outdoors.
S P Setia’s first project in Singapore was 18 Woodsville, near the Potong Pasir MRT station. The 101-unit freehold condo premiered this year and finished in 2015. The group’s second development was the 99-year leasehold Eco Sanctuary. The 483-unit condo on Chestnut Avenue was completed this past year.