In a sign of the growing popularity, a plot of land opposite the Reserve Residences has been launched for sale on 31st August 2022. This is a clear indication of the growing developments in the Jalan Anak Bukit area in Upper Bukit Timah.
As explained in Master Plan for this area, on 31st August 2022, a 99-year leasehold site at Bukit Timah Link has been launched for sale under the confirmed list of the Urban Redevelopment Authority’s (URA) second half 2022 Government Land Sales (GLS) programme.
This plot of land is directly the Reserve Residences, which itself was a GLS plot at Jalan Anak Bukit which was awarded to a joint venture between Far East Organization and Sino Group for $1.028 billion or $989 psf per plot ratio (psf ppr) in August 2021. This larger development will be a mixed-use, residential and commercial development, and an integrated transport hub. The site is expected to yield up to 845 residential units with about 20,000 sqm set aside for commercial use.
For the new plot of land under the GLS, it sits on a site area of 4,611.1 square metres (sq m) and comes with a maximum gross floor area (GFA) of 13,834 sq m. At the maximum technical height of 153 metres Singapore height datum (SHD), the resultant building is estimated to just yield some 160 units across 20 storeys.
Just like the excellent The Reserve Residences, the site is located next to Beauty World MRT Station on the Downtown Line, and various malls such Beauty World Centre, Beauty World Plaza and Bukit Timah Shopping Centre are close by. The site is expected to attract between six and nine bidders for the site with the top bid ranging from $1,365 to $1,408 psf ppr.
Get into this area early with the launch of The Reserve Residences ! We gave you the reasons to buy and invest in The Reserve Residences. All these points to a sign that this Beauty World area will continue to be an area of growth and exciting new developments. Contact Us for more information on The Reserve Residences launch. We will keep you posted and invite you to the viewing when the showroom is open.