New Mixed Development Launch @ Former Hong Leong Garden Shopping Centre & Apartments
Following the successful enbloc of Hong Leong Garden Shopping centre, a new mixed development will be launched in 2013 at West Coast Way.
Consisting of up to 12 storeys of residential and commercial shops (on the ground floor), both shops/F&B and apartments would be very popular due to the limited supply of new developments in this area, and the proximity to NUS, Nan Hua Primary School, Clementi MRT, and easy access via West Coast Highway to Vivocity (12 min) and Shenton Way (15-18 min). This area is popular with the Japanese community as well as the Japanese Kindergarten and the Japanese Secondary School are nearby.
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Hong Long Garden Shopping Centre (HLGSC) Enbloc News
Hong Leong Garden Shopping Centre at West Coast Way has been launched for sale by tender with an indicative price of between $160 million and $170 million.
This works out to be a land rate of approximately $752 to $794psf ppr for redevelopment up to a gross plot ratio of 1.6, after factoring in the estimated land premium for the potential of acquiring the adjoining state land parcel and a development charge.
Marketed by Credo Real Estate, Hong Leong Garden currently comprises 72 apartments and 66 shop units. The site has an area of more than 150,000sqft with a lease term of 956 years.
Credo said that the Singapore Land Authority (SLA) has also granted an approval to enlarge the site area by combining the adjoining state land parcel of nearly 13,500sqft.
Under its 2008 Master Plan, the site is zoned "Residential with commercial at 1st Storey" with a gross plot ratio of 1.6 and an allowable height of up to 12 storeys.
Deputy Managing Director at Credo Real Estate, Tan Hong Boon, said the site may be transformed into a condominium development with a self-contained hub that offers dining options and amenities to residents in the development and neighbouring housing estates.
Source: Channel News Asia
Previous tenants at Hong Leong Garden Shopping Centre (HLGSC):
• Japanese Restaurants
• Convenience shop
• Pet shop
• Marine Aquarium shop
• Picture Framing shop
• Fashion shop
• Hardware shop
• Indian Restaurant
• Clinic, Dentist
• Golf-Pro shop
• Plastic accessories
• Computer/IT shop
• Security/Pte Investigation Agency
• Home décor
• Industrial supplies co- ordinator
• Pubs
• Car Sales Agencies
• Nails décor shop
• Chocolate shop
• Specialty shop
• Antique shop
• Adventure / Outdoor activities
SMS "HLG" & Your Name & Email to (+65) 91518836 NOW for more info and booking!
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Hotline: 91518836
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