It's the first joint venture between the duo, Though Woh Hup has long been the key contractor for several CDL projects.
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The CDL-Woh Hup bid for Tanjong Rhu underscores the enduring desire for high quality personal housing in Singapore. Although the large psf ppr reflects marketplace self-assurance, In addition it highlights the challenges of balancing supply, affordability, and concrete fairness.
This is often reflective of the area with robust fundamentals. In the extended run, these flats could give a catchment location for future HDB upgraders – but Keep in mind that Prime flats Use a Minimal Profession Period (MOP) of ten years, so this is way more in the future.
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Regardless of earlier problems about a 2026 sector slowdown, the tender’s final result suggests resilience. Analysts attribute this to:
There was also a launch of Key flats Within this space while in the February 2025 BTO physical exercise. HDB normally accompanies Tanjong Rhu new launch singapore the creating of recent enclaves with pertinent features like coffee stores, comfort outlets, clinics, and so on., so this tends to also contribute additional in the way in which of facilities within strolling length.
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As there hasn’t been a different undertaking in this article in near to 3 decades, any progress right here could take pleasure in a combination of pent-up desire, coupled with powerful age differential as opposed to close by tasks such as Waterside, Sanctuary Eco-friendly, and Tanjong Ria.
Nicholas Mak, chief investigation officer at Mogul.sg, claimed the seventeen.eight for every cent distinction between the best and least expensive bids is a “pretty narrow variety, reflecting the consensus inside the land valuation and the price of the long run residential improvement on This website”.
“There has been a dearth of recent mid-sized to substantial condo assignments launched in that region, likely developing pent-up need for personal housing amid purchasers, including HDB upgraders,” mentioned Wong of PropNex.
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Wong Siew Ying, head of analysis and content material at PropNex, said: “The heightened interest for this site is not astonishing (as it is actually) a exceptional prospect for developers to offer fresh non-public housing from the neighbourhood.”
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