is a residential development that will rise along Upper Paya Lebar Road in Singapore (District 19). This attractive project is developed by
Overseas Investment Pte Limited and it houses a good mix of units. Tenure is 99 years and TOP date will be on November 30, 2018.
The Government is expected to release a 4-hectare commercial site next to the MRT station for sale. Some analysts estimate that the potential "Grade A" development could offer about one million square feet of net lettable space, with office space taking up about 50 to 60 per cent. About 440 residential units can also be built there. With more than 130,000 sq metres of gross floor area commercial space, expect more job and business opportunities to be created with will boost the demand for housing needs in nearby areas.
Revamp of Defu Industrial Estate
The Housing and Development Board (HDB) is set to redevelop Defu Industrial Estate under the Industrial Redevelopment Programme (IRP). The project will transform the current Defu Industrial Estate into Defu Industrial Park, an industrial complex within the North-Eastern
part of Singapore under the idea of "A Green and Substainable Industrial Park of Tomorrow".
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Relocation of Paya Lebar Airbase
The relocation of airbase to Changi
will freed up 800 hectares of land, an area bigger than Toa Payoh and Bishan. Based on the plot ratios and planning parameters, that plot of land can actually potentially build about 50,000 to 60,000 new homes and there could also be accompanying facilities such as commercial developments and parks, schools. Height restrictions around Paya Lebar will also be removed, increasing the chances of en bloc potential for residential development in that area.
Bidadari Housing Estate
is part of a twin-pronged strategy to meet ongoing strong housing demand and is expected to yield 12,000 new homes in central Singapore. Bidadari, near Potong Pasir is served by two MRT stations: Woodleigh on the North-east line and Bartley on the Circle line. Interest in homes at Bidadari is likely to be strong as it is relatively close to the city centre as the housing estate is poised to be the next Bishan. This will create a ripple effect and encouraged future capital appreciation in nearby areas.