{"id":37324,"date":"2016-12-07T14:18:46","date_gmt":"2016-12-07T07:18:46","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/7-upcoming-projects-to-look-out-for-in-2017\/"},"modified":"2016-12-07T14:20:29","modified_gmt":"2016-12-07T07:20:29","slug":"7-upcoming-projects-to-look-out-for-in-2017","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/7-upcoming-projects-to-look-out-for-in-2017\/","title":{"rendered":"7 upcoming projects to look out for in 2017"},"content":{"rendered":"


\nAerial view of the Clementi Avenue 1 site. Source: URA
\nA slew of new residential projects are set to launch next year, and are expected to attract keen interest from home buyers. Some sites to watch out for are:
\n1) Siglap Road
\nThe 1.93ha site at Siglap Road was awarded to a consortium led by Frasers Centrepoint for $624.18 million in January 2016. The price works out to about $858 psf per plot ratio. Nearby amenities include the future Siglap MRT station, shopping malls and schools. The 99-year leasehold site is expected to yield about 840 units.
\n2) New Upper Changi Road \u00a0
\nProperty developer Chip Eng Seng was awarded the tender for the 2.4ha site at New Upper Changi Road in February 2016, after submitting the highest bid of $419.38 million, or $761 psf on the gross floor area. The 99-year leasehold plot is close to Tanah Merah MRT station, Changi Business Park and the Singapore University of Technology and Design. It could yield up to 724 units.
\n3) Clementi Avenue 1
\nThe Clement Canopy, a 505-unit condominium in Clementi Avenue 1 in which UOL owns a 50 percent stake, is expected to launch in the first quarter of 2017. The 1.3ha site was awarded for $302.1 million ($615 psf per plot ratio) in December 2015. The 99-year leasehold land parcel is within proximity to the National University of Singapore (NUS) and Jurong Lake District, which is just one station away from the Clementi MRT station.
\n4) Alexandra View
\nThe 0.8ha site in Alexandra View was sold to Tang City Holdings in November 2015 for $376.88 million. The price works out to approximately $851 psf per plot ratio. Located next to Redhill MRT station, the 99-year leasehold site could yield about 400 housing units. Several shopping malls and schools are also within the vicinity.
\n5) Bukit Batok West Avenue 6
\nQingjian Realty was awarded the 1.5ha site at Bukit Batok West Avenue 6 in May 2016 after it submitted the top bid of $301.16 million. The price translates to about $635 psf per plot ratio. This is the Chinese developer\u2019s first mixed-use development in Singapore, and it could build about 370 condo units. Nearby amenities include the Bukit Batok MRT station, West Mall, schools and a polyclinic.
\n6) Martin Place
\nThe 99-year leasehold site at Martin Place in River Valley was sold to GuocoLand in July 2016 for $595.1 million ($1,239 psf per plot ratio). The 1.6ha site could potentially yield about 445 units. The future Great World MRT station and several residential projects, including Martin Place Residences, Rivergate and Martin 38 are located nearby.
\n7) Fernvale Road
\nA consortium comprising Sing Development and Wee Hur Development won the 1.7ha residential site in September 2016 after submitting the highest bid of $287.1 million, or $517 psf per plot ratio. The 99-year leasehold site in Sengkang can yield 605 housing units. It is close to the Thanggam LRT station, eateries along Jalan Kayu and The Seletar Mall.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…7 upcoming projects to look out for in 2017<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Aerial view of the Clementi Avenue 1 site. Source: URA A slew of new residential...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-37324","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9I0","jetpack-related-posts":[{"id":121263,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/siglap-shopping-centre-relaunched-for-en-bloc-sale-price-unchanged-at-120mil\/","url_meta":{"origin":37324,"position":0},"title":"Siglap Shopping Centre relaunched for en bloc sale, price unchanged at $120mil","date":"August 5, 2021","format":false,"excerpt":"\r Siglap Shopping Centre relaunched for en bloc sale, price unchanged at $120milThe site could be developed into a \u201cprominent\u00a0mixed-use development\u00a0that caters to the lifestyles of residents in the vicinity. Photo: OrangeTee Advisory Siglap Shopping Centre along East Coast Road has been relaunched for collective sale via public tender with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/Siglap-Shopping-Centre-crop.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":98054,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/laguna-park-makes-third-try-at-collective-sale-with-1-48b-reserve-price\/","url_meta":{"origin":37324,"position":1},"title":"Laguna Park makes third try at collective sale with $1.48b reserve price","date":"September 18, 2018","format":false,"excerpt":"\r The 99-year leasehold condo at Marine Parade Road is near the upcoming Siglap MRT station. (Photo: Knight Frank) After two en bloc sale attempts in 2007 and 2010, owners of former HUDC estate Laguna Park are making another bid at a collective sale, reported Channel NewsAsia. Carrying a reserve\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105897,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/laguna-park-goes-en-bloc-again-at-1-48-billion\/","url_meta":{"origin":37324,"position":2},"title":"Laguna Park goes en bloc again at $1.48 billion","date":"April 9, 2019","format":false,"excerpt":"\r Despite three failed attempts, Laguna Park near East Coast Park is once again attempting an en bloc sale. (Photo: Knight Frank) After three failed attempts, Laguna Park has once again been launched for en bloc sale, carrying a reserve price of $1.48 billion. Including a differential premium of about\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83739,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/owners-set-2-48b-price-tag-for-mandarin-gardens\/","url_meta":{"origin":37324,"position":3},"title":"Owners set $2.48b price tag for Mandarin Gardens","date":"March 26, 2018","format":false,"excerpt":"\r The overall cost for Mandarin Gardens could shoot up to $4.09 billion, taking into account the development charge and lease top-up. Residents at Mandarin Gardens approved the $2.48 billion selling price on Sunday (26 March), but they are still currently gathering the signatures of at least 80 percent of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81276,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/windy-heights-up-for-en-bloc-sale-for-806-2m\/","url_meta":{"origin":37324,"position":4},"title":"Windy Heights up for en bloc sale for $806.2m","date":"February 28, 2018","format":false,"excerpt":"\r Windy Heights is one of the largest freehold residential redevelopment sites in District 14. (Photo: Knight Frank) The current en bloc fever shows no signs of abating with Windy Heights being the latest project to join the craze. Located off Jalan Daud, the freehold residential estate comprises four residential\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8225,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tanah-merah-site-awarded\/","url_meta":{"origin":37324,"position":5},"title":"Tanah Merah site awarded","date":"February 29, 2016","format":false,"excerpt":"\r Map of the Tanah Merah residential site. Source: URA The Urban Redevelopment Authority (URA) on Friday (26 Feb) awarded the tender for a residential site at New Upper Changi Road\/Bedok South Avenue 3 (Parcel B) to CEL Residential Development, a subsidiary of Chip Eng Seng Corporation. Launched for sale\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/Aerial-view-of-the-site-at-Tanah-Merah..jpg?fit=530%2C307&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37324"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=37324"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37324\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=37324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=37324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=37324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}