Turf City sites could deliver up to 800 public housing units: Huttons
URA is proposing to rezone sites for residential projects.
Two land parcels in Turf City could create 700 to 800 public housing units, according to Huttons.
These sites are included in the Urban Redevelopment Authority's (URA) plan to expand housing near Sixth Avenue MRT Station.
“[This will] make Turf City an inclusive and highly accessible estate for Singaporeans. Using the average price of $840,000 for 4-room flats in the Toh Yi area as a guide and adjusting for the tenure, the flats in Turf City could be under the Prime category,” said Lee Sze Teck, senior director for Data Analytics at Huttons.
Other development sites include a land parcel at Amber Road, which is proposed to be rezoned from a Reserve Site to a Residential Zone with a maximum permissible plot ratio of 2.5 (gross).
This site offers unblocked sea views and is within walking distance of Tanjong Katong MRT station.
“Sea-facing homes are in high demand in Singapore. The recently launched project, Meyer Blue, sold more than 50% on launch weekend. The site could build an estimated 800 to 900 units,” Lee said.
In addition, a land parcel at Dorset Road, located on the prime city fringe and near Farrer Park MRT station, could provide up to 500 units of private housing.
“Demand for public and private homes has always been robust in the area. Kent Heights saw 5.2 applicants for each 4-room flat, and Piccadilly Grand sold 77% on launch weekend,” he added.