HDB to redevelop Tanglin Halt and build integrated development
Singapore’s oldest public housing neighbourhood in Queenstown, Tanglin Halt estate, will be retrofitted into a spanking integrated development with amenities like a food centre, market and polyclinic as well as up to five thousand five hundred new residential flats, Senior Minister of State, Ministry of National Development and Ministry of Communications and Information Tan Kiat How updated this announcement on Oct 19. The reconstruction work will separated in two phases, the new project will be situated at the former Tanglin Halt District Centre site, announced by the minister in his speech at the HDB Professional Engagement and Knowledge-sharing (PEAK) Forum. The former Commonwealth Drive hawker Centre and existing Tanglin Halt Market are in the neighbourhood centre. Lee Sze Teck, Huttons Asia’s senior director of data analytics, says the Tanglin Halt integrated development will be a new landmark in the area. “It is heartening to note that some preserved amenities of the old food centre and market will be integrated into the new development. ”Lee elaborated that the new prime location housing (PLH) and build-to-order (BTO) flats could exceed 40 storeys and may build an approximate of 700 and 800 flats.“The types of flats may range from two-room flexi to four-room to cater to a spectrum of purchasers who look forward to stay in this landmark development. A four-room flat indicative price tag could potentially launch from $550,000 to as high as $720,000,” says Lee. The first of the PLH BTO project is the 973-unit Tanglin Halt Cascadia that was launched for sale this month. Wong Siew Ying, head of research and content at PropNex, says the Tanglin Halt Cascadia BTO project garnered 1,193 applicants, translating to an application rate of 1.23 times. Wong says: “This was extremely lukewarm, the fact that the site’s city fringe location in the popular Queenstown neighbourhood. We think the new flats at the Tanglin Halt integrated development should likely see a overwhelming results when they are launched for sale, as buyers tend to be attracted to integrated developments.”Wong adds that Tanglin Halt Cascadia flats were priced from $364,000 to $509,000 for three-room flats and $537,000 to $702,000 for four-room flats before grants. “It is extremely likely that new residential units at the future Tanglin Halt integrated development could be priced slightly premium, given its abundance of amenities within the development, but will still be more palatable than price tag in the resale market. ”Lee emphasizes that more flats, along with new commercial facilities and social and communal facilities, are apprehended to offer to the public next year. This will attract interest to existing resale housing in the area, such as Commonwealth View, which is much popular for its prime locale and magnificent views. “There may be more million-dollar flats in Commonwealth View in the future.”The rejuvenation of Tanglin Halt estate will garnered younger families to the area and boost greater vibrancy into the estate, Wong adds.
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