New Condo (The Reserve Residences) @ Jalan Anak Bukit

New Launch Condo @ Jalan Anak Bukit — New Launch Condo (The Reserve Residences) @ Jalan Anak Bukit

There is an upcoming commercial and residential site, The Reserve Residences) along Jalan Anak Bukit, near Beauty World MRT Station, under a dual-envelope tender system, launched by Urban Redevelopment Authority (URA) for sale. It was awarded to Far East Organization and Sino Group, who jointly submitted the highest bid of around S$1.028 Billion among the three shortlisted tenderers. Based on the maximum gross floor area, this works out to about S$989.4 per square foot (psf).

The 3.22 hectare site, which is on the confirmed list of the first-half 2020 government land sales programme, can potentially yield about 845 private homes. It can generate up to 1.04 million square feet of gross floor area.

The concept proposals will first be evaluated against a set of criteria specified in the tender. The three broad categories of the evaluation criteria are: quality of design concept, quality of public realm, and the track record of the developer and design teams.

Located within one of Singapore’s endearing identity nodes, the Beauty World precinct is envisioned to be a green urban village that will be a centre of community life and southern gateway into Bukit Timah’s nature attractions,” URA said.

With the completion of the Coast-to-Coast trail, upcoming completion of the Rail Corridor and Rifle Range Nature Park, as well as the new public and private development projects in the area, the sale of this site for a mixed-use integrated transport hub will further spur the rejuvenation of Beauty World, inject vibrancy into the area and enhance the overall commuting experience with convenient connection between the Downtown Line and bus services.