In a very strong sign of the growing popularity of Jalan Anak Bukit area in Upper Bukit Timah, a plot of land opposite the Reserve Residences has been launched for sale on 31st August 2022.
This is a clear trend of the development plans for Bukit Timah area which was explained in Master Plan for this area.
Land opposite The Reserve Residences launched for Sale : The Details
And so on 31st August 2022, a 99-year leasehold site at Bukit Timah Link has been launched for sale under the confirmed list of the Urban Redevelopment Authority’s (URA) second half 2022 Government Land Sales (GLS) programme.
This plot of land is directly the Reserve Residences, which itself was a GLS plot at Jalan Anak Bukit which was awarded to a joint venture between Far East Organization and Sino Groupfor $1.028 billion or $989 psf per plot ratio (psf ppr) in August 2021.
This larger development will be a mixed-use, residential and commercial development, and an integrated transport hub. The site is expected to yield up to 845 residential units with about 20,000 sqm set aside for commercial use.
For the new plot of land under the GLS, it sits on a site area of 4,611.1 square metres (sq m) and comes with a maximum gross floor area (GFA) of 13,834 sq m. At the maximum technical height of 153 metres Singapore height datum (SHD), the resultant building is estimated to just yield some 160 units across 20 storeys.
The site is located next to Beauty World MRT Station on the Downtown Line, and various malls such Beauty World Centre, Beauty World Plaza and Bukit Timah Shopping Centre are close by. The site is expected to attract between six and nine bidders for the site with the top bid ranging from $1,365 to $1,408 psf ppr.
Reprinted with permission from The Reserve Residences Developer Site.
