Colliers Singapore will launch a tender for the joint sale of a residential redevelopment site at 32-38D Hillview Terrace Singapore.
Colliers Singapore will launch a tender for the joint sale of a residential redevelopment site at 32-38D Hillview Terrace Singapore.
The owners of 32-38D Hillview Terrace have come together for the joint sale of their lands, which comprise 14 contiguous terrace factories with a combined land area of 6,531.3 square metres (approx. 70,302 square feet). Under the Urban Redevelopment Authority Master Plan 2019, the site is zoned Residential with an allowable gross plot ratio of 1.62, and is up for sale at an indicative price of SGD106 million.
This rare 999-year leasehold site is conveniently located in Hillview, and it is easily accessible via major roads, such as Bukit Batok Road and Upper Bukit Timah Road, as well as the Pan Island Expressway. The site is also well served by the nearby Hillview MRT Station, Bukit Batok MRT Station, and Bukit Gombak MRT Station, which are connected to the Downtown Line and North-South Line. Located in close proximity to the mature green spaces in the Bukit Batok Town Park, joggers and cyclists may connect to the nearby Bukit Batok Nature Park, Little Guilin, and Bukit Timah Nature Reserve, via the Park Connector Network.
In addition, an array of dining, retail and entertainment facilities are readily accessible at the established shopping facilities in Hillv2, The Rail Mall, and West Mall. Numerous primary schools are also located within 2 kilometres of the site, with Keming Primary School, Lianhua Primary School, and Bukit View Primary School, located within the 1-kilometre radius of the site.
Steven Tan, Executive Director, Investment Services | Singapore, commented: "This site boasts the exciting potential for developers to create a boutique residential development close to the nature reserve and parks, and offers the convenience of a myriad of amenities located nearby. “
The joint sale tender for 32-38D Hillview Terrace will close at 3pm on November 9, 2021.
To request a copy of the Information Memorandum please contact the marketing agent via the contact details below.