URA unveils red-hot condo sites at Buona Vista for 2021
Like a scratch-and-win card, the Urban Redevelopment Authority (URA) throws up some blockbuster shocks every six months when it announces brand-new condominium websites as part of its Government Land Sales (GLS) program. For the first half of 2021, a pair of new sites that URA announced at Buona Vista is a prospective building found diamond. Below’s the lowdown:
URA rezoned Buona View apartment websites prior to launch
The Buona Panorama condominium sites, up till last month, were initially meant as ‘White Site’ mixed-use growths, which according to our guide are higher-value mixed-use growths. On 20 November, URA formally rezoned the land parcels as residential-only websites.
Rezoning these two Buona Panorama sites seems a sensible action, thinking about the possible lasting changes in work take after Covid-19, and also the truth that the recouping economic climate will certainly lead to less need for white sites.
Furthermore, there are other white website growths presently in progress in the Buona Panorama location, such as Rochester Commons. Right beside the condo website is additionally a yet-to-be-released, 165-unit condominium called One-North Eden, in addition to One-North Residences, a 405-unit, 99-year leasehold condominium completed in 2009.
So it’s clear that URA plans to build up a property territory at the heart of the Buona Panorama regional enterprise zone. The 3.0 plot ratio, the 0.79-hectare website that’s slated for 2021 will have an estimated 265 devices, whereas the smaller sized 2.1 story proportion, the 0.59-hectare site will certainly have an estimated 140 systems. There will be a total of 979 condo units when all four stories are developed.
The allure of both Buona Vista condo sites launched for 2021
Clearly, a residential property within a regional enterprise zone, specifically one that concentrates on modern technology and biomedical development, is constantly posting likely to be searched for.
Apart from being within the Buona Panorama as well as the one-North catchment area of high-value work, there’s likewise the closeness to Buona View MRT interchange and features such as Rochester Park (quickly to be Rochester Commons), The Star shopping center, and also Buona View MRT.
As a matter of fact, the MRT terminal entryway is just a three-minute stroll from the bigger of the two sites. The smaller size is a six-minute leave. Various other high-value features close-by consist of the National College of Singapore (NUS), Science Park, Holland Town, and also the Rail Hallway.
Most importantly, this set of sites has a clear benefit: It surrounds the lush plant of one-North Park, which bodes well for the home worth. Currently, the websites are hilly in nature, and also it doubts if programmers will level parts of the capital for the apartments or construct according to the natural topography of the websites. The last option will make the resulting development even more appealing. (An instance of an apartment straight surrounding a park is Kent Ridge Hillside Residences.).
It’s virtually specific that both condos will certainly have side entrances opening straight to one-North Park. Not only is this neighborhood bordered by Grade A workplace, but it’s also made to be delightful for citizens to walk or cycle to their work environments.
Paired with the number of colleges of various educational levels around, including a concentration of international colleges along Dover Road, these apartments are extremely most likely to be preferred amongst family members.
One-North Eden is anticipated to introduce in Q1 2021 with a conclusion date yet to be introduced, whereas we expect the two GLS websites for 2021 to just release in late-2022 or early-2023.
Lentor website likewise a plum possibility for designers and also purchasers.
Apart From Buona Panorama, considerable designer and buyer passion are additionally anticipated for a 1.72-hectare website at Lentor, which is expected to produce 610 high-rise domestic systems along with an industrial area on the very first floor.
The major draw of the Lentor condo site is its location atop the soon-to-open Lentor MRT station on the Thomson-East Shore Line (TEL). There is also the aspect of first-mover advantage at play, due to the fact that this will certainly be the really initial high-density advancement to be released in the brand-new Lentor Central neighborhood (as well as the just one that will certainly have straight MRT accessibility).
Future locals that drive will likewise be able to take advantage of the North-South Expressway for commuting towards the city. Although there will certainly be a park in the apartment’s backyard, it comes at the cost of a large system of all-natural woodland.
The remaining website on the GLS Confirmed List is a 2.37-hectare Exec Condo (EC) land parcel at Tampines North, which can produce an approximated 590 systems. View the full list of Confirmed and also Reserved Checklist site namely Normanton Park which is launching this month, and Normanton Park Showflat Location is open for online bookings, so book your seat now.
Due to the COVID 19, Woodleigh Residences Showflat is open for online bookings. You can now register online to receive direct developer discount offers and prices.