In Singapore, experts claim property market is not in its optimum condition, but proper developers have a complete disagreement with it. They see a positive hope in the property sector and possibly that is the reason new site situated at Alexandra view bagged more S$37639 million bid from one of the 10 bidders. This plot is situated just next to the Redhill MRT station that makes it a beautiful and promising location for a residential and commercial property.
Integrated Development Artra Commercial Shop First Floor
In the state tender, this site drew 10 bids from different developers. Out of all these bids, the lowest bid was S$250 million from IOI consolidated Pte Ltd. This minimum bid can explain how magnificent the upcoming project will be. But if we talk about the highest bid it came from Tan Skyline Pte Ltd. They quoted S$376.9 million that goes roughly S$9158 per square meter for 8400 square meter land.
Commercial Mix Development Artra Tang Group Alexandra View
The site is a mainly there for the residential purpose and developer can create commercial space as well in the first storey. So, chances are high the upcoming new project in this property will have a mixed development with some shops or commercial area on the first floor and apartments on higher floors. It is an integrated development with F&B, supermarket and commercial shops on the first floor. According to Urban Redevelopment Authority, this site is good to create almost 400 homes, so the chances are high that future floor plans of the upcoming project will reflect this number in the property.
Artra Condo with Supermarket and F&B
This bid was given a pullback by government land sales program to replenish the land area. This bidding was closely watched under this program and according to reports; we can say this was the first listed site in the latter half of 2015, under the land sales programme by Ministry of National development. As a far as development details or other essential things are concerned, then none of those details are out as Tang skyline recently won the bid and they will need some time to do all the planning for same.
However, one thing is confirm, that this project will have a splendid development in this area. The location is there next to MRT station that will make it a good property for regular commuters. Other than this, many fantastic amenities are also located close to this address, so people would like to have a new home in this Alexandra view property. For more details about this project, you just need to stay tuned, and you will get all the exact details and information from us.
