23/02/2020
Pasir Ris Central
The 99-year leasehold site planned for a mix use residential & commercial development under the HDB's "Rejuvenating Our Heartlands (ROH)" project, was won by Allgreen Properties Ltd in a December 2018 Government Land Sale (GLS) public tender.
The property is next to the Pasir Ris MRT station and future integrated bus interchange. The site is unique because it is the only residential project situated in a town's center that is only 500m to the beach.
Besides the retail, services and F&B components. A new polyclinic is also expected to be part of the development.
The maximum permissible Gross Floor Area (GFA) is 95,010 sqm with a proposed gross plot ratio of 2.5. Expect the site to yield up to 480 private homes. Allgreen Properties' winning bid of $699,999,999 works out to be around $684 ppr.
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