Residents of Tembusu Grand will appreciate mass transit ease of access to the city's center
It was Singapore market-listed property company City Developments Limited (CDL) was granted the Jalan Tembusu GLS site with the highest price of S$768 million equivalent to $1,302 per square foot of land for each plot ratio (PSF PPR).
Eight bidders have put in bids for the leasehold residential site that is located at Jalan Tembusu, which is off Tanjong Katong Road. Jalan Tembusu GLS site is situated on a plot with an average dimensions of 2.8 and an area of 210,619 square feet. This could yield around the equivalent of 640 dwelling units. This would make it a medium-sized construction project. Tembusu Grand located in District 15.
EdgeProp believes that the Tembusu Grand will be able to make a profit of $2,120 per square foot, after construction costs for the land and financing for the property professional fees, and marketing costs are considered.
TEMBUSU GRAND Living on the east coast
One of the biggest benefits that living on the East coast of Singapore is the easy access to everything that coastal living offers. The location of the waterfront in the Singapore's East Coast means you get to take advantage of the most beautiful beaches and the beauty nature offers, all while enjoying the comforts of living in these clean and sought-after spots. There's a range of homes and apartments to suit all budgets , and most believe that after a couple of years living in the area it's difficult to leave.
Tembusu Grand is located within the Marine Parade Planning Area, East Coast's most sought-after neighborhood located just from Tanjong Katong Road It is close to amenities and is just 1km from famous school like Kong Hwa School, Haig Girl's School and Tanjong Katong Primary School. Within two kilometers , there is CHIJ (Katong) elementary school Geylang Methodist Primary School as well as Tao Nan School.
The property is situated approximately 600m from the soon to be opened Station MRT of Tanjong-Kong that is part of the Thomson East Coast Line, Tembusu Grand residents will enjoy the ease of mass transit to the city's central area when the Thomson East Coast Line to be fully operational in 2023. Tembusu Grand is also serviced by bus routes that provide great connectivity to the main zones for commerce and leisure such as Paya Lebar Central and Singapore Sports Hub.
If it's offered to purchase in 2023, Tembusu Grand will likely to rival Dunman Grand, located on an site situated close to 100m of the Dakota MRT, as well as the Continuum Freehold Residential property situated on Thiam Siew Avenue, approximately 7 minutes' walk from the Paya Lebar MRT Interchange and Paya Lebar Regional Centre.
The trust developers have in the housing market in Singapore is evident in the high demand for the newest property sales in the City fringe, as per Ms Tricia Song head of research for CBRE Southeast Asia.
It's not a secret that we've been extremely dependent upon our MRT which we have even accepted as an method to satisfy our daily requirements. It is anticipated that the Thomson East Coast Line (TEL) stations that stretch between Stevens all the way to Gardens by the Bay are scheduled to open on the 13th of November in 2022. This is in line with the announcement made by the Land Transport Authority (LTA) that was announced on Friday (7 October, 2022).
To celebrate the stations' opening, the public is allowed to travel in an unrestricted train on the 11th of November between stations. The distance is of 13.2km. To help commuters become familiar with stations, an introduction ceremony will take place on November 11 and 12, two days before the stations will be opened.
The stations will link commuters who use the TEL with the current MRT route, LTA said in a briefing for the media. The homes of more than one80,000 will all be within 10 minute walk from each of 22 TEL stations when they become fully operational.
As a result of their debut, Outram Park and Marina Bay stations will be transformed to tri-line stations. Because of the connections made to Outram Park for the East West line, as well as to connecting to the North East line, as in addition to Stevens connection directly to Downtown Line, TEL is now connected to every MRT Train in Singapore.
The LTA declared that the opening of stations will improve the durability to the Singapore MRT line. Singapore MRT lines are able to reduce the tension to lines like the North South Line, where portions of it are on exactly the same routes as TEL.
Prior to the official launch, all the nine TEL stations, which span between Woodlands North to Caldecott, were inaugurated in two phases between January 2020 and August 2021. Following the official launch of stage 3, there are two stages left to complete which will include 10 stations spread across Founders Memorial to Sungei Bedok.
THE LONGEST PARK SINGAPORE
If you like being out in the sunshine, you'll enjoy living on Singapore's East Coast due to the East Coast Park, which is among the most sought-after getaways in Singapore. The popular East Coast Park is Singapore's largest beach park. It's certainly a fun activity that everybody can enjoy like jogging, cycling and barbecuing. and also taking a stroll along the beach.
MYRIAD OF AMENITIES TEMBUSU GRAND
Its Katong neighborhood is the place to discover Parkway Parade, 112 Katong, Marine Parade Food Centre, Dunman Food Centre, as well as many more varied and interesting eateries, shops and historical buildings that line the Joo Chiat conservation house. Peranakan shops and eateries can be located in the Joo Chiat enclave. Joo Chiat enclave, which isn't a commonplace in other parts of Singapore.
Malls like PLQ, KINEX, and SingPost Centre Katong are located on the west side of the east coast. They are situated near the Paya Lebar Interchange, that is an integral component of the Regional Center and house an variety of commercial and F&B options for Tembusu Grande residents.
There are Peranakan shops and restaurants within these zones. They aren't like the other regions of Singapore. These regions in the hinterlands are close to the city and are popular with foreigners who want to experience an experience of the the local Peranakan life, or to live in one of these stunning shops.
TANGJONG KATONG COMPLEX IS SET to Close for Renovation in 2023.
Tanjong Katong Complex will close for renovations beginning with the 2nd quarter of the year 2023. In a press release issued in 2023, the Singapore Land Authority (SLA) stated that the complex will be shut down and renovated extensively and plans are in place to expand the area of the floor.
SLA declared that while making plans for the massive work of renovation, they had incorporated suggestions from the public and suggestions for preserving the structure. The project, scheduled to last for three years, will result in an area that can accommodate restaurants, and more space for community events at the well-known Tanjong Katong Complex.
SLA said that aside from the increased menu of beverages and food available in the complex and the addition of space for other social activities and to enhance the area. The goal is to increase the vibrancy of the area and draw people to the area that extends out from the development all through Kampong Ubi Community Centre. Kampong Ubi Community Center, to make it an individual zone. It is anticipated for the New Tanjong Katong Complex is likely to bring more enthusiasm to the neighborhood and increase its standing as a unique area for culture and entertainment for everyone.
The three other shopping malls are Parkway Parade, Roxy Square and Katong Plaza, each of which has its own distinct story that has been part of Singapore's market for a long time throughout the years that Singapore has expanded. Parkway Parade. The recently redesigned I12 Katong is the home of local favourites like Malaysia Boleh and Signature KOI and also modernists like Scoop Whole Foods and Climb Asia.