HDB to redevelop Tanglin Halt and build integrated development
Singapore’s oldest public housing estates in Queenstown, Tanglin Halt estate, will be rejuvenated into a new integrated development.The new integrated development will include a food centre, market and polyclinic as well as up to five thousand five hundred new residential flats, Senior Minister of State, Ministry of National Development and Ministry of Communications and Information Tan Kiat How released this update on Oct 19. The completion will break down in two phases, the new project 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 pleasant to note that some elements of the old food centre and market will be integrated 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 build an approximate of 700 and 800 flats.“The types of flats may range from two-room flexi to four-room to cater to a diverse pool of purchasers who want to stay in this landmark development. A four-room flat indicative price tag could potentially starts 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 allured 1,193 applicants, translating to an application rate of 1.23 times. Wong says: “This was very moderate, given the site’s city fringe location in the popular Queenstown neighbourhood. We think the new flats at the Tanglin Halt integrated development should likely see a warmer response when they are launched for sale, as buyers tend to be drawn 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 quite possible that new flats at the future Tanglin Halt integrated development could be priced slightly higher, given its abundance of amenities within the development, but will still be more affordable than prices in the resale market. ”Lee says more flats, along with new commercial facilities and social and communal facilities, are anticipated to offer to the public next year. This will generate interest to existing resale housing in the area, such as Commonwealth View, which is much sought after for its prime location and remarkable views. “There may be more million-dollar flats in Commonwealth View in the future.”The transformation of Tanglin Halt estate will bring younger families to the area and inject greater vibrancy into the neighbourhood, Wong adds.
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