Land for Bidadari Singapore homes now up for grabs

March 10, 2017 Singapore

If you’re thinking of getting Singapore homes in the future, add this new residential and commercial site that will rise in the Bidadari estate to your list. The Housing & Development Board (HDB) recently launched a mixed commercial and residential area located in Upper Serangoon Road. It was confirmed to be a part of the Government Land Sales programme last year but pushed into early 2017 due to finalisation of site requirements and developments.

The 25,440 sqm plot, which sits right next to the Woodleigh MRT station, is forecasted to create 825 private Singapore homes for sale. According to the details released on March 6, the area will have a 6,000 sqm community centre and a neighbourhood police branch that will occupy at least 2,190 sqm.

Private Singapore homes in a vibrant residential area | Singapore PropertyPrivate Singapore homes in a vibrant residential area

The residential site is a promising Singapore property investment because of convenient transportation plans. Aside from being close to an MTR station, there are plans set for an “extensive pedestrian and cycling network within Bidadari estate and the possibility of car sharing and bike sharing schemes.”

As for commercial plans, the site will be connected to Bidadari Park by a proposed bridge. There will also be an allotted maximum area of 15,000 sqm for commercial use. Mr Nicholas Mak, head of research at SLP International Property Consultants, shared that there is a “strong potential of the shopping area on the site, which will have a first-mover advantage as the first mall in the estate”.

Mr Ong Teck Hui, JLL’s national director for research and consultancy, claimed that Bidadari estate has the “makings of a new prime city fringe sub-market”. Mr Ong Kah Seng, head of R’ST Research, shares that the response for the Bidadari sale is overwhelming. He claims that “buying interest is expected to be strong”.

The public tender was launched last March 6 and will close on June 13.

If you are currently looking into prospective Singapore homes, this new mixed commercial and residential site in the Bidadari estate will make a great Singapore property investment. If you’re in a buying rush or on the lookout for other Singapore homes for sale, check out this blog

Related posts:

  1. Can foreigners apply for a housing loan in Singapore?
  2. Should you buy a condo or a landed property in Singapore?
  3. What property taxes do you need to pay when buying Singapore property?
  4. Just how exclusive are Good Class Bungalows in Singapore?
  5. Is The Clement Canopy a worthy overseas property investment?

 

X
X