Tenders launched for three GLS sites at Zion Road and Upper Thomson Road; another site at Tengah EC available for application
The development will have direct underground access to the MRT, allowing residents to commute quickly and easily. The living spaces will be designed to promote a greener lifestyle with enhanced features such as a poolside lounge, a rooftop garden, and a gym. Residents can rest assured of a safe and convenient environment with smart security systems installed in the project. The development promises to provide the best living experience for its residents, with well-designed units to suit the needs of singles, couples, and families. The Tengah EC is set to be the future of living in the West region, providing a modern living experience with green architecture. It is set to become a model for sustainable living in the region, coupled with its convenient location and smart technology.
The tender for Zion Road (Parcel B) will close depending on when the Reserve List is triggered for release.The launch of the residential sites at Upper Thomson Road and Zion Road marks a new stage in the development of the Springleaf precinct. Two of the four sites (Upper Thomson Road (Parcels A) and Zion Road (Parcel A)) will potentially yield 535 long-stay serviced apartments and around 1,275 conventional residential units. The two Upper Thomson Road sites, located close to the Central Catchment Nature Reserve, offer an opportunity for developers to gain a first-mover advantage in a less developed area and to incorporate “biodiversity-sensitive urban design strategies” in their proposed developments. The Zion Road site includes a commercial component.Given their locations, Huttons’ Lee Sze Teck expects bidders for the two long-stay serviced apartment pilot sites to be limited to bigger developers, while PropNex’s Wong Siew Ying notes that the large quantum required for Zion Road (Parcel A) may result in fewer bids. The tenders for Upper Thomson Road (Parcel B) and Zion Road (Parcel A) will close at 12pm on April 4, 2024, and for Upper Thomson Road (Parcel A) on June 19, 2024. The tender for Zion Road (Parcel B) will close depending on when the Reserve List is triggered for release.The four residential sites offer potential investors an exciting opportunity to be part of the development of Tengah EC, a new neighbourhood in the Springleaf precinct. Current and future residents can look forward to more amenities in the area and improved pedestrian accessibility to the new Springleaf MRT Station, which is located adjacent to two of the sites. Tengah EC is an exciting place to invest in with the potential to yield up to 535 long-stay serviced apartments and 1,275 conventional residential units.