It's the main joint venture between the duo, While Woh Hup has become the primary contractor for several CDL assignments.
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The CDL-Woh Hup bid for Tanjong Rhu underscores the enduring demand for top quality personal housing in Singapore. Though the large psf ppr displays market self esteem, Additionally, it highlights the problems of balancing offer, affordability, and concrete equity.
This is often reflective of the place with robust fundamentals. During the longer operate, these flats could give a catchment area for long term HDB upgraders – but bear in mind that Prime flats Have a very Least Occupation Period of time (MOP) of ten years, so this is far more in the future.
Lately, there has been a discussion about no matter if The federal government must step in and supply assist to condo Management Corporation…
When was the final time a residential undertaking was launched in Tanjong Rhu before this? The last GLS residential plot in Tanjong Rhu was in 1997, building this the main in 28 many years.
Long run research ought to keep an eye on write-up-tender construction timelines and assess the venture’s extended-phrase effect on housing inequality inside the district.
Offering her take, Newmark head of exploration for Singapore, Wong Shanting, mentioned: “Tanjong Rhu has lose its picture of inconvenience recently with ongoing rejuvenation strategies, which assists reveal why developers were prepared to spend a quality for This web site.”
At Stacked, we like to search outside of the headlines and surface area-stage quantities, and deal with how issues Engage in out in the actual environment.
Singapore’s non-public household housing market is characterised by high barriers to entry, stringent regulatory frameworks, and intense Opposition for primary land. The announcement of a fresh housing web site in Tanjong Rhu in early 2026 has sparked considerable fascination, presented the realm’s strategic area and lengthy-standing absence of new developments.
Just lately, There have been a debate about no matter whether The federal government must action in and provide aid to condo Management Company…
Even though these are never ever gonna be low-cost, developers have witnessed that very last calendar year’s solutions – creating scaled-down to take care of a lower quantum, in pricey locations – worked even in prime districts.
The plot, close to the Singapore Swimming Club, garnered a complete of five Tanjong Rhu condo cdl and woh Hup bids at a condition tender that shut on Feb five.
Wong Siew Ying, head of exploration and written content at PropNex, said: “The heightened interest for this site is not surprising (as it really is) a uncommon chance for developers to offer fresh non-public housing during the neighbourhood.”
There’s also some obvious attract Singapore Swimming Club customers, because they’ll have their club proper up coming door.