Government just released a 99-years’ leasehold residential-commercial plot which has a gross floor area (GFA) of close to 1.04million sqft of which 53,820sft will be used for bus interchange, 215,280sft will be used for commercial, and can potentially yield 845 residential units. The residential components could be also used for serviced apartments or both. This site will likely be the most iconic development in the entire Beauty World district and hence it requires bidders to have compelling concepts to qualify to the second stage of bidding which will then only base on price. In view of the current covid-19 crisis, more time allowance are given to keen bidders to discuss and plan. This plot of land is anticipated to receive many bids since of its prime location to prestigious schools like Methodist Girls’ School and Pei Hwa Presbyterian Primary School. This will attract many home-buyers purchasing for own stay and with the future community hub which include the current hawker and market will definitely brings abundance of convenience to the residents of Daintree Residence.

Source: The Business Times

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