They will be transforming the 3.7-hectare commercial and residential site next to Buangkok MRT. As reported on The Straits Times, the site can yield a maximum gross floor area of 842,124 sq ft. Their successful bid of S$777.78 million translate into S$923.59 per square foot per plot ratio (psf ppr) for the 99-year leasehold site along Sengkang Central.
This development will be subjected to the previous ABSD rules as the tender closed before July 5 - just in time before the latest cooling measures were announced.
The development is recognize as the largest commercial and residential condominium. There will be tons of amenities around the development including community center, hawker centre and many more. The integrated development is targeted for completion in Q2 2022.
Sengkang Central Residences Project Details has been released to the public. The winning bid was the highest of the four shortlisted tenderers for the dual-envelope tender, said URA.
CapitaLand's president and group CEO Lim Ming Yan said: "CapitaLand looks forward to partnering CDL to shape and transform the site into a landmark development that will be an identity marker and new focal point for the Buangkok neighbourhood."
Book appointment Sengkang Central Residences if you're interested in D13 District in Sengkang.
