New Condo at Jalan Tembusu

Sim Lian Group emerged at the top of just two bids received for the private residential site at Jalan Tembusu at the close of the tender on July 18.

Sim Lian’s bid of $828.8 million or $1,069 psf per plot ratio (psf ppr) was just $800,000 (0.1%) higher than the $828 million ($1,068 psf ppr) submitted by a joint venture between two listed developers, City Developments Ltd (CDL) and Frasers Property.

New Condo at Jalan Tembusu is located just off Tanjong Katong Road in prime District 15. The 99-year leasehold site has a land area of 221,436 sq ft and a gross plot ratio of 3.5. The site can be developed into a new residential project of about 840 units based on a maximum gross floor area (GFA) of 775,034 sq ft.

This site is opposite the recently launched, Tembusu Grand by a joint venture between CDL and MCL Land, which jointly won the site in January 2022 for $768 million or $1,302 psf ppr.

The top bid of $1,069 psf ppr by Sim Lian for the Jalan Tembusu site this time around is 17.9% lower than the $1,302 psf ppr paid by CDL and MCL Land for the Tembusu Grand site; and 20.8% lower than the $1,350 psf ppr won by SingHaiyi Group for the private residential development site on Dunman Road in a land tender in June 2022.

Things you might want to know more about New Condo at Jalan Tembusu District 15.

Jalan Tembusu Brochure
Jalan Tembusu Showflat
Jalan Tembusu Location
Jalan Tembusu Price PSF
Jalan Tembusu Floor Plan
Jalan Tembusu Developer Sale
Jalan Tembusu VIP Preview

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