Far East Group Wins Concept Tender For Jalan Anak Bukit Condo
The Far East Group has won a concept tender for Jalan Anak Bt, the site of its next condominium. The property, located next to the Beauty World MRT station, is expected to be 3.22 hectares, with civic space and an underground pedestrian link. The developer will enjoy a 99-year lease period for the land. The overall gross floor area of the project is estimated at 96,555 square meters.
Beauty World The Reserve Residences
The developer, Far East Group, has released the concept tender for Beauty World The Reserve Residences, a mixed-use development at the corner of Jalan Anak Bukit and Ang Mo Kio Avenue. The project is expected to be 36 stories tall, with commercial space on the lower floors and residential units on the upper levels. It is expected to offer unobstructed views of the Bukit Timah Nature Reserve. The site is also near renowned schools and a bus interchange.
The new development is expected to have 700 residential units, 150 service apartments, and a retail podium. It will be 36 stories high, have 20,000 square meters of retail space, and will have a central plaza for public transport. It will feature a health club, a spa, and an indoor games lobby, as well as a public library and elderly care facilities.
The Reserve Residences is set near the upcoming Beauty World MRT station. The reserve condo’s convenient location is ideal for commuters and professionals. Close proximity to Orchard Road and the Central Business District makes it a convenient choice. The Reserve Residences will feature 700 units, a 20,000 square metre food and beverage centre, and an underground pedestrian link to the Beauty World MRT station.
Located at the corner of Jalan Anak Bukit and Ang Mo Kio Avenue, the new development is near the future MRT station. Located next to the Beauty World MRT station, Jalan Anak Bukit will feature luxury apartments, serviced apartments, and a lifestyle hub. Its proximity to Little India means commuters will have easy access to public transport and will be convenient and well connected.
The concept tender for Jalan Anak Bukit Condo by the Far East Group is due to be launched soon. This mixed-use development is expected to comprise 700 residential units, 150 service apartments, and retail and food and beverage space on the lower storeys. The development is expected to have a gross plot ratio of 3.0 and approximately twenty thousand square metres of commercial space.
Location of The Reserve Residences
The Reserve Residences at Jalan Anak is a 99-year leasehold mixed-use project in the heart of District 21 in Singapore. The complex will offer a mix of civic and commercial spaces. The Far East Group is the developer behind the project, which is expected to be completed by the end of 2022. The Reserve Residences is located near the former Goh & Goh Building.
This new development is located in close proximity to public amenities such as the Bukit Timah Shopping Centre, the Beauty World MRT station, and Pei Hwa Presbyterian Primary School. This area of Singapore is also very accessible by car and bus. It is located near the Central Business District and the Bukit Timah Expressway. The Reserve Residences has an estimated 700 units and will feature an underground pedestrian link to the nearby Beauty World MRT station. It is a prime location for aspiring entrepreneurs who need access to a plethora of amenities in a convenient location.
The Reserve Residences is located near the future Beauty World Integrated Transport Hub, which will provide residents with excellent connectivity and a myriad of amenities. The master plan for this project focuses on a seamless approach between the two areas. Residents of The Reserve Residences will enjoy easy access to public transport and amenities in the surrounding area. Once completed, it will be a stunning mixed development that will offer the best of both worlds.
The Reserve Residences at Jalan Anak Bukkit is located in District 21 near the Bukit Timah Reserve, where you can enjoy the majestic view of the greenery. It is also convenient to the nearby King Albert MRT station. Residents will also have easy access to the Pan Island Expressway. In addition to being close to many amenities, The Reserve Residences at Jalan Anak Bukit Condo by Far East Group is an affordable option for investors.
Residents of The Reserve Residences at Jalan Anok Bukit will enjoy the proximity to the downtown MRT station. This station is connected to the Downtown Line. The property is four stations away from the Botanic Gardens, seven stations from Orchard Road, and eight stations away from one-north. Furthermore, the development is close to several educational institutions, including Nanyang Girls’ High School and Methodist Girls’ High School.
Three companies have been awarded the state tender for the construction of a new condominium in Singapore’s Jalan Anak Bukit district. Far East Organization, a Hong Kong-based property developer, and Sino Group, a 50:50 joint venture, are the winning bidders. They have submitted three concept proposals. While the other two companies were not successful, they have submitted multiple bids.
The Far East Organization and Sino Group have jointly won the bid for the development of Jalan Anak Bukit. The new development will include a range of units, services, and amenities. Although the price of each unit is not yet known, the Far East Organization hopes to launch the first phase of the development by 2022. After completing the tender, the development will commence marketing.
The three bidders have each submitted a concept proposal, ranging from a commercial hub to a hotel. The bids for this project have a gross plot ratio of 3.0 and an estimated land size of three and a half ha. This development also offers a mix of residential and commercial space. The project’s design is similar to Bukit Timah Shopping Centre, with commercial space on the lower level and residential units on the upper levels.
The new development will feature 700 luxury apartments, 150 serviced apartments, and 2,000 square feet of communal space. The development is also close to the Beauty World MRT station, making it a hub for commuters. It also offers direct access to the Beauty World MRT station. With this location, the Jalan Anak Bukit site will be a vibrant lifestyle destination for the future.
The new development is a joint venture between Far East Organization and Sino Group, which has been under the spotlight for the past year. The new project is expected to yield approximately eighty-five stories and 845 units. The combined land cost is expected to be around $989 per square foot. The median price of recent projects linked to integrated transport hubs is S$2,300 to $2,500 psf.
Maximum gross floor area of non-commercial element
The development of Jalan Anak Bt will feature 700 luxury apartments and 150 serviced apartments, as well as 2,000 square feet of common space. It will be located next to Beauty World MRT station and is close to many amenities. Located within a lush nature reserve, the development will foster a connection with nature and encourage people to enjoy it.
The development will be constructed on a plot with a maximum gross floor area (GFA) of 96555 sq m. The non-commercial element is expected to comprise 75% of the development’s overall GFA. The maximum gross floor area will be 75% of the total GFA, with the remaining area reserved for the non-commercial component. The land value of the site is expected to be approximately $13,000 psf per PR, but this may change depending on how the developer plans to use the property.
The bid was submitted by three developers, including the Far East Organization and the Sino Group. The bid was the highest at S$1.03 billion, equivalent to 770 million dollars. The proposed mixed-use development will have an integrated transportation hub. 5,000 square metres of space will be set aside for bus interchanges in the second and third storeys. The first three storeys will house commercial and civic space.
The site was launched under the Confirmed List after a nine-month tender period. The development’s site is located within the Beauty World precinct and has potential to yield 845 residential units. The Urban Redevelopment Authority will publish its decision on the site’s award. The project is expected to start in 2021. There is currently no completion date for the Jalan Anak Bukit condo by Far East Group.
The Far East Organization has a joint venture with the Sino Group to develop the project. This mixed development is expected to feature a variety of exciting facilities that appeal to a wide range of residents. With a total of three million square feet, the project has the potential to be the urban heartbeat for Beauty World. Once it is completed, it will offer an urban lifestyle for the community.…