{"id":70532,"date":"2017-10-31T16:19:24","date_gmt":"2017-10-31T09:19:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chong-kuo-and-cuscaden-road-sites-released-for-sale\/"},"modified":"2017-10-31T17:03:05","modified_gmt":"2017-10-31T10:03:05","slug":"chong-kuo-and-cuscaden-road-sites-released-for-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chong-kuo-and-cuscaden-road-sites-released-for-sale\/","title":{"rendered":"Chong Kuo and Cuscaden Road sites released for sale"},"content":{"rendered":"


\nAerial view of the residential site at Chong Kuo Road off Sembawang Road. (Photo: URA)
\nTwo residential sites at Chong Kuo Road and Cuscaden Road have been released for sale under the second half 2017 Government Land Sales (GLS) programme, the Urban Redevelopment Authority (URA) said on Tuesday (31 October).
\nBoth are 99-year leasehold sites that could generate up to 250 housing units.
\nThe 46,101 sq ft confirmed list site at Chong Kuo Road off Sembawang Road has a maximum gross floor area (GFA) of 64,551 sq ft. It could be developed into a five-storey project comprising 80 homes.
\nNearby amenities include eateries, country clubs and schools such as Chung Cheng High School (Yishun) and Yishun Junior College.
\nEdmund Tie & Co. head of research Dr Lee Nai Jia feels that the site\u2019s location will attract buyers who like the rustic lifestyle.
\n\u201cResidents would enjoy the eateries and greenery in the area, and being away from the hustle and bustle of the city,\u201d he said.
\nMeasuring 61,598 sq ft, the Cuscaden Road site is available for application under the reserve list. With a maximum GFA of 172,481 sq ft, it is expected to yield 170 units.
\nThe land parcel is close to the Orchard Road shopping belt and offers easy access to the future Orchard Boulevard MRT station on the Thomson-East Coast Line. \u00a0
\nSaid Lee: \u201cThe future development will attract affluent buyers who like accessibility to the shopping belt and Central Business District, and are intending to get a weekend home.
\n\u201cBuyers who are looking to invest will also be interested as they can rent to expatriates, medical professionals and affluent families that have members seeking medical services at Gleneagles Hospital and Camden Medical Centre.\u201d\u00a0
\nHe expects the site at Chong Kuo Road to attract between eight to 12 bids, with a winning bid of around $585 psf per plot ratio (psf ppr) or $37.8 million, while a winning bid of around $1,650 psf ppr ($284.6 million) is anticipated for the Cuscaden site.
\nThe tender for the Chong Kuo site will close on 30 January 2018, said the URA.
\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…Chong Kuo and Cuscaden Road sites released for sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Aerial view of the residential site at Chong Kuo Road off Sembawang Road. (Photo: URA)...<\/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-70532","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-ilC","jetpack-related-posts":[{"id":79272,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-awards-3-housing-sites-for-728-55m\/","url_meta":{"origin":70532,"position":0},"title":"URA awards 3 housing sites for $728.55m","date":"February 8, 2018","format":false,"excerpt":"\r The land parcel in West Coast Vale was awarded to a subsidiary of CDL for $472.4 million. (Photo: URA) The Urban Redevelopment Authority (URA) announced on Wednesday (7 February) that it has successfully sold three residential sites for a total of $728.55 million. In particular, the approximately 210,881 sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81271,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-prime-site-at-cuscaden-road-for-sale\/","url_meta":{"origin":70532,"position":1},"title":"URA launches prime site at Cuscaden Road for sale","date":"February 28, 2018","format":false,"excerpt":"\r Map showing the location of the Cuscaden Road site. Source: URA A plum residential site at Cuscaden Road in the Orchard area was launched for sale on Tuesday (27 Feb) under the confirmed list of the first half 2018 Government Land Sales (GLS) Programme, said the Urban Redevelopment Authority\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/02\/Land-parcel-at-Cuscaden-Road.jpg?fit=794%2C436&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":74956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/west-coast-vale-residential-site-launched-for-tender\/","url_meta":{"origin":70532,"position":2},"title":"West Coast Vale residential site launched for tender","date":"December 20, 2017","format":false,"excerpt":"\r View of the residential site at West Coast Vale. 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Offered under the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88636,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-awards-tenders-for-three-gls-sites\/","url_meta":{"origin":70532,"position":4},"title":"URA awards tenders for three GLS sites","date":"May 18, 2018","format":false,"excerpt":"\r Map showing the location of the Cuscaden Road site. Source: URA The tenders for three sites at Cuscaden Road, Mattar Road and Silat Avenue have been awarded to the highest bidders, or in the case of Silat Avenue, its sole bidder, the Urban Redevelopment Authority said on Thursday (17\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78533,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-submits-highest-bids-for-handy-road-west-coast-vale-sites\/","url_meta":{"origin":70532,"position":5},"title":"CDL submits highest bids for Handy Road, West Coast Vale sites","date":"January 31, 2018","format":false,"excerpt":"\r The Urban Redevelopment Authority\u2019s batched tender closing for three residential sites at Chong Kuo Road, Handy Road and West Coast Vale saw City Developments Limited (CDL) submitting the top bids for two sites. 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