Pasir Ris Drive 3 Land Parcel launching soon.?This land parcel was allowed to be leased for a period of 99 years, and it was one of the six residential sites that was part of the Government Land Sales (GLS) programme for the first half of 2012. It was once under the Confirmed List of sites and was launched for sale through public tender on April 16, 2012 until June 5, 2012.
The 2.2 hectare or 22,317.4 square meters of land was won by Capital Development Pte Ltd after having a tendered sale price of $210.99 million or $4,502.08 per square meter of gross floor area. It is located near the Pasir Ris MRT Station and the Pasir Ris Bus Interchange, and future residents also have the option to pass through the Tampines Expressway.
The residential land parcel is ideally located near several amenities including schools, recreational facilities, and shopping areas. This makes it convenient for residents to go from one place to another, and residents are also provided with several opportunities for self development, relaxation, and fulfillment.
Among the educational institutions close to the land parcel include: Siglap Secondary School, Elias Park Primary School, Park View Primary School, Meridian Junior College, Meridian Primary School, Hai Sing Catholic School, Coral Primary School, and Coral Secondary School. Aside from these schools, the land parcel at Pasir Ris Drive 3 is located near other residential sites such as Ris Grandeur, Oasis, Elias Green, Livia, and NV Residences, which is currently under construction.
The Pasir Ris Drive 3 land parcel is close to Sungei Tampines and Sungei Api Api. The facilities surrounding the site ensure that the future residents will have plenty to do, and it is an ideal location not only for the adults, but for children as well. The land parcel is expected to yield an approximate number of 495 housing units upon completion, and the successful developer is given 60 months to complete the project.
This residential land site is near shopping areas such as the Pasir Ris West Plaza, Elias Mall, Downtown East, and the White Sands Shopping Center. Recreational facilities include the Pasir Ris Sports and Recreation Center, Pasir Ris Town Park, the Fishing Pond, and Pasir Ris Park. The land parcel at Pasir Ris Drive 3 has a permissible gross floor area of 46,867 square meters and maximum building height of 64 meters above mean sea level.
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Land Parcel At Pasir Ris Drive 3 Detail
Allowable Development : Residential
Site Area : 22,317.4 M?
Maximum Permissible Gfa : 46,867 M?
Date Of Launch : 16 April 2012
Date Tender Closed : 5 June 2012
Lease Period : 99 Years
| Developers | TENDERED ? SALE PRICE ? | TENDERED ? SALE PRICE IN $PSM OF GFA ? |
| Capital Development Pte. Ltd | $210,999,000.00 | $210,999,000.00 |
| Singland Development Pte. Ltd | $209,888,000.00 | $4,478.37 ? |
| OUE Reef Development Pte. Ltd | $198,105,000.00 | $4,226.96 |
| Bright Development Pte Ltd and Hock Lian Seng Holdings Limited Meadows | $163,980,000.00 ? | $3,498.84 |
| Frasers?Centrepoint Limited | $156,390,000.00 | $3,336.89 ? |
Source: http://www.singaporepropertyinc.com/pasir-ris-drive-3-new-launch/
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