New norms for condominium development in Singapore were established by the Pinetree Hill venture in Ulu Pandan Road
The highest offer reportedly came from the joint venture between UOL Group and its subsidiary Singapore site Group for the purchase of the District 21 site for residential construction. 525 residences will be constructed by Pinetree Hill UOL on a 242,563 square foot (22,534.7 square meter) lot. Pinetree Hill, the first of two locations inside the Bukit Timah Planning Area, was auctioned off as part of the Government Land Sales Program. To get it, there was a competitive bidding process.
With three apartment structures totaling 24 stories on a 242,563 square foot property, Pinetree Hill condominium is the largest and most modern in New York City's financial sector. There are 590 lovely residences available, each with five bedrooms and one, two, or three baths.
Pinetree Hill is located at Ulu Pandan Road, which has low to medium density condominiums and a gross plot ratio of 2.1. In this current private residential zone, the developer is permitted to erect high-rises with a maximum of 24 stories.
UOL and Singapore Land Group (SingLand) entered into an 80/20 partnership to submit the winning proposal, which was valued at S$671,500,800. Pinetree Hill condo can accommodate families with various living options when it is finished in 2027. The enormous estate is located far from HUDC's Pinetree Hill & Pandan Valley condominium, which was constructed between 1938 and 1943. The Clementi, Bukit Timah, and Holland Road crossings are not far from the property.
The largest condominium complex in Singapore, Pinetree Hill, has a clubhouse, an indoor pool, and a sizable tennis court. In addition to being a great family home, the most current Pinetree Hill condominium is also close to Henry Park Primary School, Ngee Ann Polytechnic, Pei Tong Primary School, and the National University of Singapore.
In the 1970s, a few blocks from Ulu Pandan, Singapore's first condominiums were built. On an 18.5-acre plot of land in Ulu Pandan, next to the former Singapore American School, the Ridgewood condominium project was constructed in 1981.
The undertaking set new standards for condominium construction in Singapore. It included condominium units in high-rise buildings of 20 and 22 stories, as well as three and five-story terraced homes and apartment buildings.
The famous Pandan Valley condominium project in the neighborhood was inaugurated in 1977 by the Development Bank of Singapore (now known as DBS Bank).
Despite the fact that the MRT line won't be fully operational for another ten years, data suggests that properties less than ten minutes from the station are likely to see a rise in price when it becomes fully operational, which will be beneficial to Pinetree Hill condo owners.
Even though these sites aren't particularly located near to MRT stations, however we feel that, given the size of land that are priced reasonably and have enclaves of comparatively well-loved homes, the sites could be attractive to developers and investors in a market with a shrinking developer inventory. If the parcels are comparable in size that we can think that these sites to be able to generate a comparable amount of attention.
In all fairness, the region has seen only a handful of launches for residential properties in the last few years, as well as from an earlier investigation of land conducted from OrangeTee & Tie on Pinetree Hill, we found the place to be a peaceful, tranquil area that is a great place for families.
The Clementi Mall, Holland Village, Clementi Arcade at Sunset Way, or Cold Storage Jelita all have supermarkets, food courts and businesses, and daycare and educational facilities in addition to enrichment centers.The best connectivity and quickest access to other services made available to Pinetree Hill residents will be provided by them.
With a distinguished history of building highly regarded residential and commercial properties, UOL & Singland Group is an investment and real estate development company that has been listed on the Main Board of the Singapore Exchange since 2007.It is well-established and has a history of learning about a range of properties, including commercial, residential, and industrial buildings as well as large estates of land.
Over time UOL and Singland Group's noteworthy contributions to Singapore's property industry through delivering top-quality developments has been acknowledged and earned numerous awards for the company in a variety of properties.
Due to the relaxed atmosphere, District 21 has continuously stood out in the eyes of purchasers seeking for properties. People reside in a remote neighborhood with lots of lush vegetation. The Bukit Timah Reserve and The Rail Corridor are close by, popular natural places. This cherished neighborhood's microcosm, Sunset Way, is home to its own special jewels.
Other well-known veterinary facilities on Sunset Way include The Cat Clinic and the Mount Pleasant Animal Medical Center. District 21 is renowned for having delicious appetizers.
Sunset Way is home to popular restaurants such as French bistro Summer Hill and seafood eatery Chin Huat Live Seafood as well as being an easy ride from upscale spots like Dempsey Hill Holland Village, and Binjai Park. To eat local, head for The Beauty World food centre as well as the Bukit Timah Market and Food center. Do you prefer to cook your own food? Find your ingredients at the Cold Storage at the Clementi Arcade just a few minutes from the city.
Ulu Pandan is located just within Bukit Timah. It is located the halfway point between Clementi and Holland Road. Ulu Pandan is extremely upscale as it is surrounded by high-end condominiums. The variety of groceries and other items that are located around Ulu Pandan is nearly as luxurious as the region's name. There are numerous restaurants in Ulu Pandan, like E-Sarn Thai Cuisine, Poulet Vous Rotisserie Chicken as well as Stirling Highway.
There is also Valle, a neighborhood tavern with a large selection of foreign brews. The French Ladle, a restaurant with a prix-fixe menu featuring French cuisine, is located inside the condominiums known as The Pandan Valley. The French Ladle serves traditional dishes including beef bourguignon and confit de canard. The restaurant also has room available for banquets, business gatherings, and birthday parties.
The Ghim Moh Market & Food Center is a short stroll from the hotel for guests who are desiring Singaporean cuisine for their meals. Locals love Guan Kee Fried Kway Teow, and there is always a line outside the food court.
Although they only serve three items The Indian curry served at Heaven should be put on the menu. It is best known for its appam that is fermented milk or rice flour crepe. They are also known for Putu Mayam and Thosai.
There are many places for you to shop your groceries; Cold Storage, Fairprice and Sheng Shiong are located around this area. Pines Mart deals in groceries and other useful products such as printer ink.
If you're looking for high-end ingredients, you're fortunate. There are numerous specialty stores that specialize in products for foodies in the region such as Ridgewood Gourmet. This family-owned business takes great pride in offering top barbecue items for a reasonable price and isn't filled with preservatives or fillers.
One of the major reasons to live within Ulu Pandan is the close vicinity of the National University of Singapore. NUS isn't the only school in close proximity and the two schools, Ngee Ann Polytechnic and Singapore Polytechnic are just 15 minutes away by bus. If you're seeking for a place to reside near a reputable educational institution, properties along Ulu Pandan up to Bukit Timah are a few of places to look at.
In addition to NUS, Ngee Ann Polytechnic as well as Singapore Polytechnic, Henry Park Primary School and Pei Tong Primary School and NUS are within 1km of each other, as well Nexus International School are located in the same area. It offers education right from the primary level up to and including the International Baccalaureate Diploma, making the perfect place for an effortless and uninterrupted education.
The RAIL CORRIDOR NEARBY PINETREE HILL
Ulu Pandan retains a lot of its old-fashioned ambience. It has a Rail Corridor connecting Pinetree Hill to the natural surroundings cyclists, joggers and cycling fans. What is the location where it Rail Corridor start and end? It is located close to the former Tanjong Pagar Railway Station and is finished at the Kranji MRT Station. Look up this Rail Corridor map here along with an upcoming development The Reserve Residences at Dairy Farm, The Reserve Residences in Beauty World and The Botany at Dairy Farm with direct railway corridor access.
If all this wasn't enough, there's Bukit Timah, which is just a couple of minutes away. It gives the residents more green space. Botanic Gardens, Bukit Timah Nature Reserve. The days you spend there are enriched by the indoor and outdoor living spaces with plenty of beautiful views or a cozy green space.
One-North is a 200-hectare business park located in Singapore created through JTC Corporation, that houses research and high-tech initiatives within the areas of biological sciences, information communication technologies (ICT) and the media. one-north was created through JTC Corporation to serve as an research and development hub as well as a hub for high-tech research and development across all of the country.
The 200-hectare park was designed through JTC Corporation to provide a learning-based work environment that comprises educational facilities, residences Research facilities, leisure and recreation areas.
There are more than 400 business and 15 research institutes of the government as well as five higher education institutions as well as business schools that include over 50,000 professionals, Pinetree Hill could help fill in the absence of homes in the area.
One-North was initially conceptualised as part of the National Technology Plan of 1991 it was officially established in 2001 by the former deputy prime minister Tan Keng Yam. It was in the hope of establishing an international talent- and knowledge-based economic center.
One-North, master-planned by Zaha Hadid architects, is located in Buona Vista. It's near educational and research establishments such as National University of Singapore (NUS), INSEAD, and the Singapore Science Park I & II.
Cross ISLAND Line Phase 2: MAJU STATION EXCITEMENT
CRL2 is a 15-kilometre-long line that comprises six underground stations located in Turf City, King Albert Park, Maju, Clementi, West Coast, and Jurong Lake District.
After completion, the station will be beneficial to 40,000 people living located within 800m of the new station. The construction is scheduled to begin in 2023. Thereafter, the stations set to go live in 2032.
Phase One of the CRL revealed in 2019, measures 29km long, and comprises 12 stations that stretch between Aviation Park to Bright Hill. The engineering studies are currently underway to study Phase 3 of the CRL which will be used to service Jurong Industrial Estate.
The planned Maju Station is to be constructed to cater for students and teachers near Ngee Ann Polytechnic, SIM Global Education as well as Singapore University of Social Sciences (SUSS) and the residents from Sunset Way and Ulu Pandan.
The Cross Island Line will support the development of new, vibrant centers of economic activity that extend beyond the CBD which includes Jurong Lake District, the Punggol Digital District and Changi Region, while furthering Singapore's strategy for city planning, making jobs more accessible to the local population.
The CRL is expected to be the longest line of underground in Singapore with a length of more than 50km. It is expected to have a daily passenger count of 600,000.