New Condo Tembusu Grand @ Jalan Tembusu
Two residential sites under the Confirmed List of the 2H2021 Government Land Sales (GLS) programme have been launched for sale. One site is Lentor Hills Road (Parcel A) and the other site is at Jalan Tembusu, Tembusu Grand. A site under the Reserve List, Lentor Hills Road (Parcel B) is also open for application.
The tender for the two Confirmed List sites closes on January 18, 2022.
The 99-year leasehold site at Jalan Tembusu, Tembusu Grand is in District 15. The 210,545 sq ft plot is about 1km from Dakota MRT station on the Circle Line and 600m from the upcoming Tanjong Katong MRT station on the Thomson-East Coast Line.
Nearby schools in the vicinity include Chung Cheng High School (Main), Tanjong Katong Girls’ School, and Tanjong Katong Secondary School. F&B and amenities around the site are located along Tanjong Katong Road and Parkway Parade shopping mall is close to the site.
District 15 is a popular area for many homebuyers, and the future development could offer largely unblocked views for residents, given that residential developments in the surrounding area are mostly landed and low-rise developments, says Lee Sze Teck, senior director (research), Huttons Asia.
As of August 2021, there are only two new condo projects in the area with unsold units. Amber Park has only 130 units left unsold while Coastline Residences has 26 units remaining, says Nicholas Mak, head of research and consultancy at ERA Realty.
“Given the dwindling residential supply in the area, this site would be hotly contested by developers,” says Mak.
Lee expects the successful tender price could range between $1,400 psf per plot ratio (ppr) to $1,500 psf ppr, while Mak says that the top bid for the GLS site could range from $1,250 psf ppr to $1,350 psf ppr.
Things you might want to know more about New Condo Tembusu Grand @ Jalan Tembusu District 15
- Tembusu Grand Brochure
- Tembusu Grand Showflat
- Tembusu Grand Location
- Tembusu Grand Price PSF
- Tembusu Grand Floor Plan
- Tembusu Grand Developer Sale
- Tembusu Grand VIP Preview
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