HDB to redevelop Tanglin Halt and build integrated development
Tanglin Halt estate, Singapore’s richest historical public housing estate in Queenstown, will be reconstructed with a major transformation into a new integrated development with facilities like a food court, market and healthcare facilities as well as up to five thousand five hundred new dwelling units, Senior Minister of State, Ministry of National Development and Ministry of Communications and Information Tan Kiat How released this announcement on Oct 19. The completion will break down into two different stages with the new development will be situated at the former Tanglin Halt District Centre site, announced by the minister in his speech at the HDB Professional Engagement and Knowledge-sharing (PEAK) Forum. The former Commonwealth Drive hawker Centre and existing Tanglin Halt Market are in the neighbourhood centre. Lee Sze Teck, Huttons Asia’s senior director of data analytics, says the Tanglin Halt integrated development will be a new landmark in the area. “It is heartwarming to note that some concepts of the old food centre and market will be implemented into the new development. ”Lee elaborated that the new prime location housing (PLH) and build-to-order (BTO) flats could exceed 40 storeys and may results in an approximate of 700 and 800 flats.“The layout of flats may comprise of two-room flexi to four-room to cater to a spectrum of purchasers who is genuine to dwell in this iconic development. A four-room flat indicative price tag could likely launch from $550,000 to as high as $720,000,” says Lee. The first of the PLH BTO project is the 973-unit Tanglin Halt Cascadia that was launched for sale this month. Wong Siew Ying, head of research and content at PropNex, says the Tanglin Halt Cascadia BTO project attracted 1,193 applicants, translating to an application rate of 1.23 times. Wong says: “The results were very moderate, the fact that the city fringe locale in the popular Queenstown estate. We guessed that the new flats at the Tanglin Halt integrated development will garnered more response when they are launched for sale, as buyers tend to be captivated to integrated developments.”Wong adds that Tanglin Halt Cascadia flats were priced from $364,000 to $509,000 for three-room flats and $537,000 to $702,000 for four-room flats before grants. “It is seriously high chance that new residential units at the future Tanglin Halt integrated development could have higher price tag, given its arrays of amenities within the development, but will still be more competitive in prices than the resale hdbs where seller determine the price based on supply and demand. ”Lee emphasizes that more flats, along with new commercial facilities and social and communal facilities, are apprehended to offer to the public next year. This will gathered interest to existing resale housing in the area, such as Commonwealth View, which is much popular for its prime locale and spectacular views. “There may be more million-dollar flats in Commonwealth View in the future.”The rejuvenation of Tanglin Halt estate will spur younger families to the area and inject greater vibrancy into the neighbourhood, Wong adds.
