Singapore Property News

Fernvale Close Land Sale

New developments will soon rise at Fernvale Close as FCL Topaz Pte. Ltd., Far East Orchard Limited, and Sekisui House Ltd. successfully vied for the land parcel sold by the Housing Development Board (HDB).In a joint venture, Topaz Pte. Ltd., Far East Orchard Limited, and Sekisui House, Ltd. outbid 9 other contenders enabling it to own the site. This 14,930.50 sq. m. of land area within Sengkang 12 will soon be turned into a residential development site.

As of now, a specific project name for this residential development has yet to be released. Nevertheless, the HDB has listed that the proposed upcoming development type is a condominium that will have a lease term of 99 years. It is estimated to yield 495 housing units with seven 18-storey blocks once completed.

This upcoming residential development will be a welcome addition to the numerous housing estates within the Fernvale neighbourhood. It also presents an opportunity for future residents to be vested in an easily accessible and nature-inspired community. This is due to its proximity to the Sungei Punggol and the Sengkang Riverside Park. The upcoming residence is also bordered by nearby major expressways- Tampines and Central Expressways and the Sengkang and Layar LRT Lines that make it more convenient to reach.

Additionally, the soon-to-rise property is found nearby other establishments and institutions. Market centres, food centres, and malls such as the Kopitiam Square and the Rivervale Mall are located just a few minutes away, as well as educational institutions like Fernvale Primary School, Sengkang Green Primary School, and Pei Hwa Secondary School. The new Seletar Mall at Fernvale rd is expected to be completed in 2014 will provide entertainment and conveniences to the residents.

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