The article First Newton GLS in almost two decades could bring 340 new models to sector appeared to start with on .
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Bukit Timah Road GLS is located in District 11, in the Newton / Novena space. Its situation beside Newton MRT gives it strong transportation connectivity and places it inside of a well-recognized household and business node. In comparison to additional suburban GLS sites, this area might attract consumers who price central accessibility, town-fringe benefit and lengthy-phrase scarcity in the experienced district.
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“On this light-weight, the single bid (to the Holland Simple GLS website) may well reflect the perceived threat affiliated with the website, specially its location in a new and untested precinct.
Options for new housing in Newton don’t come normally. However, that has a Bukit Timah Residences fresh GLS plot launched on Bukit Timah Road, this central neighbourhood is getting ready to welcome many new households.
With its strategic area beside Newton MRT and powerful long term progress probable less than future GLS ideas, this growth is anticipated to catch the attention of solid interest from the two homebuyers and traders.
This more disciplined technique is likely to continue, especially as the availability pipeline expands and competition among the new condominium launches intensifies.
A essential aspect of this parcel is its land-use history. Part of the internet site Earlier functioned being a transitional Place of work improvement, released underneath a 15-year lease framework meant to deal with short-time period Business office provide needs from the Orchard/Newton corridor.
“While new GLS tenders stage to a far more visible pipeline of impending launches, these tasks will only occur on stream progressively.
Numerous developers who skipped out in Those people tenders may possibly now flip their consideration towards the Newton website, rendering it even more contested.
Reply TK three seconds in the past To add on, the parcels has incredibly very poor public transportation connectivity which can be flip absent a group of potential buyers.
“In The existing industry ecosystem, developers have gotten increasingly selective and disciplined in money deployment, significantly in places wherever long term offer visibility has amplified progressively across the Holland Basic and Turf Metropolis precincts,” he suggests.