MCC Land won the bidding for the 8,880 square metre site at Tanah Merah Kechil Link, alongside Tanah Merah MRT terminal, among total 15 bids, with the highest by MCC Land (Singapore) at $248.99 million. This equates to a land price of about $930 per sq ft per plot ratio (psf ppr).
The Tanah Merah Kechil Link parcel, which is stated for residential with industrial use on the first storey, can potentially produce around 265 units as well as 2,000 sqm of business space.
The Tanah Merah Kechil Link new condo lies next to the Tanah Merah MRT terminal and within close proximity of Changi Business Park. Without mall around the MRT station, there would certainly be solid need for stores and food and also drinks electrical outlets. The proximity to the Tanah Merah MRT terminal on the East-West Line (EWL) provides easy accessibility to commercial centres in Tampines as well as Paya Lebar, along with close-by Changi Business Park, the Changi Airport as well as interesting future developments in Changi East. It is additionally a straight train trip to major work centres in Raffles Place and Jurong East on the EWL.
Resource: Tanah Merah Residence at Kechil Link https://tanah-merah-residence.com/
The push for decentralisation– in the middle of improvement in public transportation – has attracted lots of firms to establish their presence in regional commercial hubs such as in Paya Lebar and also Tampines. For instance, the Tampines Regional Centre has actually ended up being a place for lots of financial institutions’ back-office features, while Paya Lebar has emerged as a vivid live-work-play destination with developments including integrated development Paya Lebar Quarter, Paya Lebar Square as well as SingPost Centre. Not neglecting the busy Changi Business Park nearby, which is house to several innovation firms as well as economic services firms.
It is not all job as well as no play either. Individuals residing in the East, in some cases called the Easties, will attest that Eastern Singapore is a whole lot of enjoyable as well as possibly has several of one of the most preferred dining establishments in the nation– from East Coast Road to Joo Chiat and Katong, from Old Airport Road to Simpang Bedok. Foodies, be cautioned. There will certainly be no absence of tasty dining/supper options for future homeowners of the brand-new Tanah Merah growth. Compared with the other GLS websites for the very first half 2020 for both the validated and as well as book listings, the Tanah Merah Kechil Link parcel additionally has the smallest GFA, which would call for much less capital requirement as well as thus, less economic risk to develop.
Future property owner looking to rent the unit to expatriate families would certainly be heartened to understand that there are two international schools – Nexus international college in Aljunied and also United World College South East Asia (East Campus) in Tampines– that are a brief car ride away.
The name “Tanah Merah” appears in the seventeenth century (1604) map by Manuel Godinho de Erédia on Singapore, written as Tana Mera. This name is likely to have been a crucial referral point for the orang laut (sea people) in their activities in the region. Old maps likewise show the presence of Tanah Merah Road as early as the 1840s, which stretched from Kallang River to Changi Point. Now, the road ran mostly along the original path yet was renamed Geylang Road, Changi Road as well as Upper Changi Road, with a section in between Siglap Road and Tanah Merah Kechil Road shed after capitals of Chai Chee as well as Bedok were levelled, as well as one more brief section shed under Changi Airport.