HDB to redevelop Tanglin Halt and build integrated development
Tanglin Halt estate in Queenstown, one of Singapore’s oldest public housing estates, is set to be redeveloped into a bustling new integrated development. The project, expected to be completed in two phases, will include up to 5,500 new residential flats, a hawker centre, a market, and a polyclinic.
The Jurong Region Line (JRL) marks a major milestone for the development of the Jurong region. Its introduction is testament to the government’s commitment to growth and enlargement in the region. For Lumina Grand EC CDL, this signals the start of new opportunities for residents and businesses in the area, being strategically located at the heart of the region propelling it to be one of the most exciting areas of Singapore in the near future.
Senior Minister of State, Ministry of National Development and Ministry of Communications and Information, Tan Kiat How, announced the exciting news at the HDB Professional Engagement and Knowledge-sharing (PEAK) Forum on Oct 19.
According to Lee Sze Teck, Huttons Asia’s senior director of data analytics, this development could act as a new landmark in the area, potentially surpassing the 40 storey mark and yielding between 700 and 800 flats. The types of flats may range from two-room flexi to four-room, catering to a wide range of buyers wanting to stay at this prime location. Prices of four-room flats could start from $550,000 and go up to $720,000.
The very first of the PLH BTO project is the 973-unit Tanglin Halt Cascadia which was launched for sale this month. Wong Siew Ying, head of research and content at PropNex, reports that the Tanglin Halt Cascadia project drew in 1,193 applicants, leading to an application rate of 1.23 times.
Flats at Tanglin Halt Cascadia were priced from $364,000 to $509,000 for three-room flats and $537,000 to $702,000 for four-room flats before grants. Although it is expected that prices for new flats at the future Tanglin Halt integrated development may be slightly higher, they will still be more affordable than prices in the resale market.
Lee also anticipates that more flats, along with social and communal facilities, new commercial amenities, will launch next year. This will bring a significant level of interest to existing resale housing in the area, such as Commonwealth View.
The transformation of Tanglin Halt estate is sure to create a younger and more vibrant atmosphere in the neighbourhood, bringing many benefits for the community. Wong Siew Ying expresses enthusiasm regarding the new integrated development. “We think the new flats at the Tanglin Halt integrated development should likely see a warmer response when they are launched for sale, as buyers tend to be drawn to integrated developments.”
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