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The Housing and Development Board (HDB) has sold a residential site in Toh Tuck Road as part of Government Land Sales (GLS). This land parcel is bounded by Toh Tuck Road, Lorong Kismis and Jalan Jurong Kechil, is located in West Region of Singapore, is listed in the reserved list of sites and is allocated to be developed into privated residential condominum. It has a site area of 201,517 square feet and will house approximately 325 apartment units.
Other private developments which are within New Condo in Toh Tuck Road's vicinity include Kismis Court, High Oak Condominium, The Creek, Signature Park, Goodluck Garden.
New and Upcoming condo at Toh Tuck Road is approximately 600 m away from the upcoming Beauty World Train Station, serving the Downtown Line which will provide its future residents the ease of commuting to downtown Singapore and also the rest of the island. For drivers, It is approximately 13 minutes’ drive away from both Orchard Shopping District and also the Financial District. The nearby Pan Island Expressway (PIE) and Bukit Timah Expressway (BKE) bring residents to other parts of the Singapore.
To access to shopping, dining, leisure and entertainment facilities, future residents of New Condo at Toh Tuck Road can just take a short walk down to the nearby Beauty World Plaza, Beauty World Centre, Bukit Timah Shopping Centre and Bukit Timah Plaza where a wide selection of them can be found. The Clementi Arcade, The Rail Mall and The Grandstand are just minutes’ drive away. The upcoming KAP Residences, a mixed commercial and residential development located nearby, will give its future residents more choices in choosing their shopping, dining, leisure and entertainment options in the future when it is completed. Residents can also get local delicacies and also fresh market produce at the nearby Bukit Timah Market and Food Centre.
New and Upcoming Condo at Toh Tuck Road is close to established local education institutions such as Bukit Timah Primary School, Pei Hwa Presbyterian Primary School, Keming Primary School, Methodist Girls’ School, Bukit View Primary School, Yusof Ishak Secondary School. It is also near to Tertiary Institutions such as Ngee Ann Polytechnic and the SIM University.
New Condo at Toh Tuck Road is a few minutes drive away to Singapore Gun Club Range. It is also a great place for those who likes the nature. The Bukit Batok Nature Park and Bukit Timah Nature Reserve offer them a place where they can embrace in nature and also enjoy lush greenery. Those who loves trekking can also take a walk at the Bukit Timah Nature Reserves and climb up to the Singapore tallest hill.
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Project | Toh Tuck Road New Condo |
Developer | SP Setia |
Location | Toh Tuck Road |
District | 23 |
Tenure | 99 years lease |
Site Area | 201,517 square feet/ 18,721 square metres |
GFA: | 282,124 square feet/ 26,210 square metres |
Plot Ratio | |
Expected TOP: | |
Total Units | Approximately 325 residential apartments |
Total Carpark | |
Development | Condo comprising of communal facilities |
Unit Type: | |
Architect | |
Eligibility | SC/ SC, SC/SPR and Foreigner |
Category | Important Amenities near New Condo at Toh Tuck Road | Approximate Distance |
Train Stations | Beauty World (DT5) Downtown Line Due 2015 | 0.6km |
Bus Stop | Green Lodge Mans (Bus: 173, 77) Opp Canadian Intl Sch (Bus: 77, 173) |
0.1km 0.1km |
Supermarkets | Giant (Beauty World Centre) Fairprice (Bukit Timah Plaza) Cold Storage (Clementi Arcade) Sheng Siong (352 Clementi) |
0.8km 1.0km 1.8km 2.8km |
Shopping Malls | Beauty World Plaza Beauty World Centre Bukit Timah Shopping Centre Bukit Timah Plaza KAP Residences (U/C) Clementi Arcade The Rail Mall |
0.7km 0.8km 0.8km 1.0km 1.1km 1.8km 2.0km |
Education Institutions | Preschool | |
Creative Thinkers Kindergarten PCF Bukit Timah Blk 12 Glory Kindergarten Arise Kindergarten Canossian Convent Kindergarten The Little House (Montessori) Kindergarten PCF Bukit Batok East Blk 289G Early Years Montessori Kindergarten Iman Kindergarten (Bt. Batok) PCF Bukit Batok East Blk 254 |
0.3km 0.3km 0.7km 0.8km 0.8km 1.0km 1.4km 1.6km 1.6km 1.7km |
|
Primary | ||
Bukit Timah Primary School Pei Hwa Presbyterian Primary School Keming Primary School Methodist Girls’ School (Primary) Bukit View Primary School |
0.4km 0.7km 1.6km 1.7km 1.9km |
|
Secondary | ||
Yusof Ishak Secondary School Methodist Girls’ School (Secondary) |
1.1km 1.7km |
|
Junior College | ||
Anglo Chinese JC | 4.5km | |
Tertiary/Postgraduate | ||
Ngee Ann Polytechnic UniSIM |
1.1km 1.3km |
|
International | ||
Swiss School | 2.4km | |
Food Centre | Bukit Timah Market and Food Centre | 0.7km |
Lifestyle | Singapore Gun Club Range Bukit Batok Nature Park Bukit Timah Nature Reserve |
1.2km 1.2km 1.8km |
The Facilities and Site plan of new and upcoming condo in Toh Tuck Road are currently seeking approval from relevant authorities. If you would like to by updated on first hand information for New Condo in Toh Tuck Road,
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Residents of New Condo in Toh Tuck Road will have conveniences by using this line to schools which are located along this Downtown Line, like Methodist Girls' School, Nanyang Girls' High School, Singapore Girls' School, Anglo Chinese School, National Junior College, National University of Singapore (NUS).
The Downtown Line bring residents to more places in the Downtown Financial District efficiently. With this, residents of New Condo in Toh Tuck Road have the efficiency of travelling to places in the City Centre like Bencoolen, Rochor, Jalan Besar, Promenade, Bayfront, Downtown and Chinatown.
A Malaysian developer has trumped a record field of 24 contenders to lodge a sky-high bid for a Toh Tuck Road site.
S P Setia offered $265 million for a plot that experts tipped would go for under $200 million.
The top seven bids came in at above $800 per square foot per plot ratio (psf ppr), higher than estimates of between $560 and $750 psf ppr. S P Setia's bid translates to $939 psf ppr for the 18,721.4 sq m site.
"It is a bewildering tender," said Mr Ong Teck Hui, JLL's national director of research and consultancy.
"Hunger for sites among developers and an expectation of a turnaround in the market are possibly the key factors that intensified the bidding, besides the attractiveness of the site and the affordable capital outlay."
Analysts said the robust bid suggests the project will be launched at prices above current levels, with the break-even price based on the top bid likely to exceed $1,400 psf ppr. The 99-year leasehold plot, which is expected to yield about 325 private homes, is the first of five residential sites offered under the confirmed list of the Government Land Sales programme for the first half of this year.
The previous record number of bids for a non-landed site was set in 2012, when 23 offers were lodged for a Jalan Jurong Kechil plot. In the landed housing segment, a plot in Jurong West drew 32 bids in 2009.
The robust contest comes a day after a large reserve list site at Stirling Road was triggered for $685.25 million. Analysts were taken aback by the level of competition for the Toh Tuck Road site, as well as the high offer price, which they said signalled extremely bullish expectations on the part of developers.
The number of bids and the prices far exceeded initial estimates, which had been between eight and 16 bids, with prices forecast at below $200 million.
Mr Nicholas Mak, head of research at SLP International Property Consultants, described the top bids as "super bullish", noting that the site's location and its manageable size explained why it was so fiercely contested. The land is near the prime Bukit Timah housing district and is within walking distance of Beauty World MRT station.
"A new benchmark price has been set for the vicinity," said Ms Christine Li, director of research at Cushman & Wakefield. "It seems that after the Government tweaked the cooling measures in March, there is a clear consensus among developers that demand will be strong enough to continue absorbing the increase in new supply."
She added: "Given that the majority of the bids exceed market expectation, developers are also bullish on eventual selling prices."
This expectation is likely supported by the stellar sales of new launches this year, Ms Li added, noting: "Should the exuberance in the land tender continue, we expect that more reserve sites will be triggered, or more en bloc sales will go through."
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