Perhaps the energy has kept designers and capitalists returning to the table for extra. The most recent offering in the food selection is the Cashew Heights condominium in Upper Bukit Timah. It is an instead big site with 596 house units and also 3 stores. The 953,000 sq feet site has already amassed 62% of the votes from the residents. The prime place and dimension of this site will keep developers drooling. It is situated near Cashew MRT station, Bukit Panjang Primary School and Bukit Panjang Plaza and Junction 10 malls. The advancement has a 999-year lease and also was constructed in 1990. What may draw in designers to the site is the present 1.16 built-up plot proportion. The permitted plot proportion is 2.1 This indicates the site has immense possibility for redevelopment. The only possible prevention to this en bloc sale is competition from a neighbouring site under the Government Land Sales (GLS) programme. This is a first new freehold site in Bukit Timah after waited for many years.The other site in prime area 10 is where the Parc Life EC on Sembawang road. Parc Life is sitting on a huge 238,850 square feet of land, providing with 628 condo units.
As seen from Parc Life site plan, the towers range from fifteen to sixteen floors of eleven towers, it gives a great appeal for the two, three, four and five bedrooms type. Once again, area is expected to draw. The site is close to the Sixth Avenue MRT station as well as is one the very first estate site of this dimension offered available for sale in the Bukit Timah location in the last years. It additionally has the advantage of having a total quantum dimension that suits most designers. 2017 has actually been a year of high priced land sales. The 16 offers closed this much have a negotiated worth of $5.8 million. Contrast this to the $7.8 billion for 78 deals in 2006 as well as $11.5 billion for 88 sell 2007. Land costs can just rise.