HDB to redevelop Tanglin Halt and build integrated development
Singapore’s richest historical public housing estate in Queenstown, Tanglin Halt estate, will be given a major overhaul into a swanking integrated development with facilities like a food centre, market and healthcare facilities as well as up to five thousand five hundred new dwelling units, Senior Minister of State, Ministry of National Development and Ministry of Communications and Information Tan Kiat How released this news on Oct 19. The overhaul work will divided in two stages, the new project will be situated at the former Tanglin Halt District Centre site, announced by the minister in his speech at the HDB Professional Engagement and Knowledge-sharing (PEAK) Forum. The former Commonwealth Drive hawker Centre and existing Tanglin Halt Market are in the neighbourhood centre. Lee Sze Teck, Huttons Asia’s senior director of data analytics, says the Tanglin Halt integrated development will be a new landmark in the area. “It is elated to note that some extracts of the old food centre and market will be conceptualized into the new development. ”Lee elaborated that the new prime location housing (PLH) and build-to-order (BTO) flats could overshot 40 storeys and may develop an approximate of 700 and 800 flats.“The layout of flats may comprise of two-room flexi to four-room to cater to a spectrum of purchasers who aspire to dwell in this iconic development. A four-room flat indicative price tag could likely launch from $550,000 to as high as $720,000,” says Lee. The first of the PLH BTO project is the 973-unit Tanglin Halt Cascadia that was released for sale this month. Wong Siew Ying, head of research and content at PropNex, says the Tanglin Halt Cascadia BTO project gathered 1,193 applicants, translating to an application rate of 1.23 times. Wong says: “The results were very borderline, the fact that the locale city fringe in the popular Queenstown neighbourhood. We reckon the new flats at the Tanglin Halt integrated development should likely see a overwhelming results when they are released for sale, as buyers tend to be allured to integrated developments.”Wong adds that Tanglin Halt Cascadia flats were priced from $364,000 to $509,000 for three-room flats and $537,000 to $702,000 for four-room flats before grants. “It is seriously high chance that new residential units at the future Tanglin Halt integrated development could have higher price tag, given its arrays of amenities within the development, but will still be more affordable than the resale hdbs where seller determine the price based on supply and demand. ”Lee emphasizes that more flats, along with new commercial facilities and social and communal facilities, are apprehended to offer to the public next year. This will attract interest to existing resale housing in the area, such as Commonwealth View, which is much popular for its prime locale and magnificent views. “There may be more million-dollar flats in Commonwealth View in the future.”The rejuvenation of Tanglin Halt estate will garnered younger families to the area and boost greater vibrancy into the estate, Wong adds.
