Is another condo in Tanah Merah Kechil Link worth buying?
MCC Land won the bidding for the 8,880 square metre site at Tanah Merah Kechil Link, beside Tanah Merah MRT terminal, among overall 15 quotes, with the highest by MCC Land (Singapore) at $248.99 million. This equates to a land price of approximate $930 per sq ft per plot ratio (psf ppr).
The Tanah Merah Kechil Link site, which is stated for household with commercial use on the first floor, can possibly produce around 265 homes and 2,000 sq m of commercial space.
The Tanah Merah Kechil Link land parcel lies alongside the Tanah Merah MRT station and also within close closeness of Changi Business Park. Without any mall around the MRT terminal, there would be strong demand for stores and food and also beverages outlets. The closeness to the Tanah Merah MRT terminal on the East-West Line (EWL) provides effortless access to commercial centres in Tampines and also Paya Lebar, along with close-by Changi Business Park, the Changi Airport and also interesting future developments in Changi East. It is likewise a straight train ride to significant task centres in Raffles Place as well as Jurong East on the EWL.
Resource: Tanah Merah Kechil Link tanah-merah-residence.com
The push for decentralisation– amidst enhancement in public transport – has actually attracted lots of business to establish their existence in local industrial hubs such as in Paya Lebar and also Tampines. For instance, the Tampines Regional Centre has ended up being an area for numerous banks’ back-office functions, while Paya Lebar has become a lively live-work-play destination with growths including integrated growth Paya Lebar Quarter, Paya Lebar Square as well as SingPost Centre. Not failing to remember the bustling Changi Business Park nearby, which is home to several innovation companies as well as financial solutions companies.
It is not all job as well as no play either. Individuals living in the East, in some cases called the Easties, will certainly testify that Eastern Singapore is a lot of fun as well as possibly has some of the most prominent eateries in the country– from East Coast Road to Joo Chiat as well as Katong, from Old Airport Road to Simpang Bedok. Foodies, be advised. There will certainly be no lack of delicious dining/supper options for future homeowners of the new Tanah Merah development. Compared with the various other GLS sites for the initial fifty percent 2020 for both the verified and get checklists, the Tanah Merah Kechil Link land parcel also has the tiniest GFA, which would certainly need less resources demand as well as therefore, less monetary danger to establish.
Future homeowner seeking to rent out the system to expatriate families would be heartened to recognize that there are two international schools – Nexus international school in Aljunied and United World College South East Asia (East Campus) in Tampines– that are a brief car ride away.
The name “Tanah Merah” shows up in the seventeenth century (1604) map by Manuel Godinho de Erédia on Singapore, written as Tana Mera. This name is likely to have actually been a vital referral point for the orang laut (sea individuals) in their activities in the region. Old maps additionally reveal the presence of Tanah Merah Road as early as the 1840s, which extended from Kallang River to Changi Point. Now, the roadway ran mostly along the initial course but was relabelled Geylang Road, Changi Road and Upper Changi Road, with a section between Siglap Road and also Tanah Merah Kechil Road shed after the hills of Chai Chee and also Bedok were levelled, and also another brief section lost under Changi Airport.