Jalan Anak Bukit site awarded to Far East Organization, Sino Group

The offer for a residence plus business location at Jalan Anak Bukit has already been presented to FEO also Sino Group, that collectively handed in the greatest price of about $1.028 million via various entities that is, FE Landmark, FEC Residences Trustee, also FEC Retail Trustee.

Opened for sale on 30 Jun 2020 with the dual-envelope strategy along with price revenue tender process, the Three point Twenty Two hectare site is situated on the crossroads of Jln Jurong Kechil plus Upp Bukit Timah Road, beside the Beauty World MRT Terminal.

The 99-year lease period spot, that has an allowable gross floor area of 96.555K square m, brought in 5 proposals in the course of the close of its tender on 29June’21.

Urban Redevelopment Authority revealed that the idea and cost earnings tender strategy was utilized to “shortlist superior project concepts that are eye-catching furthermore blend efficiently to the neighbourhood circumstance, with purposeful combination of amenities attached through a seamless network of pedestrian-friendly roads also properly designed public spots”.

Far East Organization and also Sino Grp had actually forwarded 3 a variety of offers and principle proposals with respect to the spot.

URA said the winning strategy pitch “is powerful in its purposeful site creating, creation feedback to sunny environment and even combination of the several benefits plus public spots”.

Notably, the proposed multiple usage development by FEO and Sino Group included a combined transport hub that comes with a bus interchange on the 2nd storey as well as commercial and public areas at the 1st three storeys along Jln Jurong Kechil plus Upper Bt Timah Rd.

The Avenir condominium

“The layout demonstrates a well think up concept strategy in its largely spaced building blocks with a thoughtful warm creation effect,” indicated Urban Redevelopment Authority.

Meanwhile, Huttons Asia chief exec officer Mark Yip shared the blended land cost is $Nine hundred Eighty Nine per sq ft per plot ratio, which is in track with local market following taking into account place and also industry sentiments.

“Under the tender files, the optimum GFA for the housing component is close to Seventy Five percentage of complete gross floor area which signifies the roughly land amount is approximately $One thousand Three hundred psf ppr. This can deviate counting on ways the property developer design the entire approach,” he said further.

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