On 18th Aug 2021, it was announced that Yarwood Ave and Dunearn Rd freehold site was successfully tendered by Tuan Sing Holdings. The 1,592.4 sqm freehold site is located next to Link@896. The tender was secured at S$56 million. Link@896, bought by Tuan Sing in 2017, is a mixed-use retail and office tower. The newly aquired site is prominently located at the junction of Dunearn Road and Yarwood Avenue and is across the King Albert Park MRT station via a sheltered bridge.
Yarwood Ave and Dunearn Rd Freehold Site:
credit:googleearth (strictly for reference only)
Together, the two sites will create a larger space, thus enabling more effective planning with wider frontage and enhanced prominence along Dunearn and Bukit Timah Roads, says William Liem, Tuan Sing’s CEO.
Turf City Redevelopment:
In 2019, a tenancy extension of 18 months was granted by Singapore Land Authority (SLA) from Jan 1, 2021 to June 30 2023 to 15 tenancies at Turf City. In the interim, tenants could continue to operate while development plans were examined. On 30 Sep 2021, the authorities announced that a final extension of another 18 months would be given for the tenancies to run till Dec 2023.
At Turf City, 140-hectare land which is approximately two hundred football fields in size, was designated for residential use in the 1998 Master Plan.
Bukit Timah Saddle Club, among the tenants, is required to return an affected area by the beginning half of 2023.
The Urban Redevelopment Authority (URA) and Singapore Land Authority (SLA) said that 0.8 hectare of Bukit Timah Saddle Club tenanted boundary will be turned into a worksite. This worksite will be used to support tunnelling operations on the Cross Island Line.
With redevelopment plans of Turf City in the works, expect greater potentials for this area. The Yarwood Avene and Dunearn Road freehold site will definitely stand to gain from this positive news considering the direction future land prices are moving towards. Outside Core Region upcoming Singapore new condo launches like Ang Mo Kio Avenue 1 by UOL and Lentor Modern are already expected to launch from $21xx psf to $23xx psf, accordingly to real estate analysts.
A short distance away is the Bukit Timah Market and Food Centre where people come from all over Singapore to enjoy the popular and tasteful local fares. One MRT stop away at the Beauty World MRT station, residents will find four shopping malls in one convenient spot. There are namely Bukit Timah Shopping Centre, Beauty World Shopping Centre, Beauty World Plaza and Bukit Timah Plaza. Beauty World will have an integrated development plan in the near future so this is one of the potential upsides of living in the western part of Singapore.
It is particularly refreshing to stay in this locale as it is as close to nature and lush greenery as one can get. To the north, north-east and north-west of this new site sit Bukit Batok Nature Park, Bukit Timah Nature Reserve and the Central Catchment Area respectively.
With so many different and exciting new condo launches in the Singapore property market, it will not be easy for you to decide which new launch condo is suitable for your purchase. Allow us to help you assess your finances, plan your priorities and determine your best options. Thereafter, we will go and view the list of developments that you have shortlisted.
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