Hoi Hup Realty and Sunway Developments awarded for Terra Hill Condo through $371 million offer
Terra Hill Yew Siang Road review is located on West Coast Highway which was before Flynn Park contains 72 apartments. It's freehold 208,443 square foot property. It is located just 350m of Pasir Panjang, the Panjang station on the MRT. It is located close to the Mapletree business parks as and Sentosa and offers services such as Pasir Panjang Food Centre as well as VivoCity.
Terra Hill news was previously Flynn Park situated within Pasir Panjang. It was acquired by a collaboration with Hoi Hup Realty as well as Sunway Developments on 10 Sept 2021.
Terra Hill update per square foot (ppr) that is more than the reserve value of S$365 million. It was $1,284 for each square feet at the time the property was open to public on the 28th of July the 28th. in July.
plus 7 percent bonus cost for land with a balcony is about S$1,318 per acre.
The Master Plan The Urban Redevelopment Authority's Master Plan The site has been classified "residential" having an area proportion in the range of 1.4.
Hoi Hup Realty and Sunway Developments were granted Terra Hill (former Flynn Park Condo) by way of the offer amounting to $371million. The cost of the land is 13555 per sq ft, based on the plot ratio (psf to mean the plot proportion). If a 7% bonus on balconies was added to GFA and the resulting GFA is called Gross Floor Area (GFA) in the result. This will result in the value of the land to be $1,318 for every square feet. This amount includes of development costs approximately $ 24 million. This will raise the proportion of this region to 1.4 in URA Master Plan 2019. URA Master Plan 2019. The development cost of $16 million will be paid for by the 7.7% reward GFA.
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Terra Hill is situated about 350m from The Pasir Panjang station in the Circle Line and it's close to Mapletree's business park Sentosa, Pasir Panjang Food Centre and VivoCity. The site is situated at the edge of the city's center meaning that residents are able to commute to work in a brief duration of. However, Terra Hill is right near to lush and mature nature parks.
Sunway Developments Pte Ltd Sunway is a wholly-owned affiliate of Sunway Concrete Products (S) Pte Ltd. It is an Sunway Group company; The Malaysia business's principal activity is property development and REITs to invest in real property and the design and construction of buildings and construction materials like education and leisure in addition to hotel and IT. Sunway is acknowledged by international organizations such as FIABCI and IFAWPCA They also have formed relationships with investors from around the world, including Government Investment Corporation of Singapore (GIC), Malaysian Provident Fund (EPF), Kuwait Finance House (KFH) and Goldman Sachs, Sunway Reit is also the largest Malaysia Reit in the size of its assent, as well as it is the one with the highest degree of flexible.
One of Singapore's leading concrete precasters in Singapore, the company has projects in both public and private sectors, and has worked on several Design & Build Projects such as lkea @ Tampines and The Meadows at Punggol, Design-Build-Sell-Scheme on R&D exercise to implement innovative products such as prefabricated toilet systems and lift upgrading to cater to the needs of the ever-changing market.
The year 1983 was the time that Hoi Hup Real Estate Pte Ltd was formed. Hoi Hup Real Estate Pte. Ltd. Hoi Hup Real Estate Pte. Ltd. is a highly successful property developer that has built more than 900 houses that are of the highest quality and offer an array of houses for private buyers at various stages of construction. Our properties which sold out, for instance The Ford @ Holland, Suites at Cairnhill and Waterford Residence demonstrated the fact that our properties were highly regarded by the general public.