City Developments Ltd Affiliate Aims to Build Condominium Tower in Upper Bukit Timah with Tan Chong Industrial Park Acquisition
City Developments Ltd (CDL) is a publicly listed real estate company on the Singapore Stock Exchange and a major affiliate of the Hong Leong Group in Singapore. CDL has recently announced its intention to acquire Tan Chong Industrial Park in Upper Bukit Timah and develop a new condominium tower on the site. This is an exciting development for the area and CDL is looking to make the most of their acquisition.
The Tan Chong Industrial Park is located in Upper Bukit Timah and covers an area of over 30 hectares. The land is zoned for industrial development, but CDL has now acquired the site and aims to transform it into a residential development. CDL plans to build a condominium tower on the site, which will be one of the tallest residential buildings in Singapore. The tower will be made up of luxury apartments and penthouses, catering to those looking for a luxurious lifestyle.
CDL is no stranger to residential developments in Upper Bukit Timah, having already completed a number of projects in the area. These include The Skywoods, a low-rise condominium located near the Bukit Timah Nature Reserve and The Hillford, which is a mid-rise condominium located close to the Bukit Timah Expressway.
CDL’s acquisition of the Tan Chong Industrial Park is part of its larger vision to develop Upper Bukit Timah into a vibrant and liveable neighbourhood. The company has already invested significantly in the area and is looking to build on this success by introducing more residential developments. The condominium tower is seen as a way to further enhance the neighbourhood and provide more luxurious options for its residents.
The project has already received support from the Urban Redevelopment Authority (URA) and other government agencies. This is a positive sign for CDL and shows that the company is doing the right things to ensure that the condominium tower meets all the necessary regulations and safety standards.
CDL is also looking to integrate the condominium tower into the surrounding neighbourhood. The company has already held public consultations with local stakeholders and has taken into account their concerns. This is a positive sign for the project and shows that CDL is serious about making sure that the development is a positive addition to Upper Bukit Timah.
The condominium tower is expected to be completed in 2021 and will be a major addition to the area. It is estimated that the project will cost around S$600 million and will create thousands of jobs in the area. This is great news for the local economy and will help to drive further development in the area.
CDL is a major real estate company in Singapore and it is clear that they are serious about transforming Upper Bukit Timah into a vibrant and liveable neighbourhood. The recent acquisition of the Tan Chong Industrial Park is just one part of this larger vision. The upcoming condominium tower is set to be an impressive addition to the area and will further enhance the neighbourhood. CDL is committed to making sure that the project meets all the necessary regulations and safety standards, while also taking into account the concerns of local stakeholders. The project is expected to be completed in 2021 and will be a major addition to Upper Bukit Timah.
City Developments Ltd, a real estate developer and one of Singapore’s leading public-listed companies, recently acquired a parcel of land in Upper Bukit Timah which it plans to develop into a condominium tower. This acquisition marks the company’s latest move to expand its portfolio of residential properties in Singapore.
The site, which is located near the Tan Chong Industrial Park, has a total land area of approximately one hectare. It is expected to house a total of 1,500 residential units when fully developed. The new condominium tower, which is being referred to as the ‘Tan Chong Project’, is expected to be completed by 2023.
City Developments Ltd has stated that the Tan Chong Project will offer a mix of residential units, including apartments, townhouses, and penthouses. The development will also feature a range of amenities, such as a swimming pool, tennis court, gym, and a clubhouse. It is expected that the project will create many job opportunities for local residents.
The Tan Chong Project is part of City Developments Ltd’s strategy to expand its presence in the Upper Bukit Timah area. This is in line with the company’s vision to become the leading real estate developer in Singapore.
City Developments Ltd is no stranger to the Upper Bukit Timah area. The company has already built several residential and commercial projects in the region, such as SkyVille@Dawson, SkyVille@Dawson Heights, The Skywoods, and SkyVille@Dawson West.
The acquisition of the Tan Chong Industrial Park is part of City Developments Ltd’s efforts to develop a vibrant, sustainable living and working environment in Upper Bukit Timah. By providing quality housing and amenities, the company hopes to encourage people to move to the area and help to boost the local economy.
City Developments Ltd has a long history of developing successful residential and commercial projects. The company is known for its high-quality projects, which are designed to meet the needs of its customers.
The Tan Chong Project is expected to The Myst be an iconic development in the Upper Bukit Timah area. It will add to the existing range of residential and commercial developments in the area, and help to increase the attractiveness of Upper Bukit Timah as a place to live and work.
The Tan Chong Project is the latest in a series of developments by City Developments Ltd. The company is currently involved in several projects in the region, including a mixed-use development in Paya Lebar and a residential project in Yishun.
With the Tan Chong Project, City Developments Ltd is showing its commitment to developing quality residential and commercial projects in Upper Bukit Timah. This move is set to further cement the company’s presence in the area and help to boost the local economy.