Tag Archives: road

Bukit Brown road unlikely to be ready this quarter

In order to ease traffic congestion, the LTA has awarded Swee Hong Limited the contract ER 382, Construction of New Road between Adam Flyover and MacRitchie Viaduct. (Photo: Swee Hong)

The $ 134.7 million road in Bukit Brown was originally targeted for completion in end-2017, but motorists and residents affected by the construction will have to wait a little longer for it to finish, reported the Straits Times.

In August 2013, the Land Transport Authority (LTA) awarded the contract to build the dual four-lane road connecting Adam Road with MacRitchie viaduct via the Bukit Brown cemetery to Singapore-listed contractor Swee Hong.

However, the civil engineering group encountered cashflow issues thereafter, and filed an application to the High Court to deliberate on a debt restructuring plan for its creditors in 2015.

While the company announced last July that it had repaid its loans, the financial problem had already caused delays in the project, and the grave exhumation took longer than expected.

As such, the road appears far from ready as of Monday (13 November), and a person living in the vicinity revealed that government officials said that the road will be finished by late-2018.

“I’m not even sure it can be done by then. It’s causing us a lot of inconvenience already,” said the retiree in his 70s who wanted to remain anonymous. He added that aside from the noise and dust of the construction, cracks had formed in some houses in the area.

 

This article was edited by Keshia Faculin.

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Chong Kuo and Cuscaden Road sites released for sale

Aerial view of the residential site at Chong Kuo Road off Sembawang Road. (Photo: URA)

Two residential sites at Chong Kuo Road and Cuscaden Road have been released for sale under the second half 2017 Government Land Sales (GLS) programme, the Urban Redevelopment Authority (URA) said on Tuesday (31 October).

Both are 99-year leasehold sites that could generate up to 250 housing units.

The 46,101 sq ft confirmed list site at Chong Kuo Road off Sembawang Road has a maximum gross floor area (GFA) of 64,551 sq ft. It could be developed into a five-storey project comprising 80 homes.

Nearby amenities include eateries, country clubs and schools such as Chung Cheng High School (Yishun) and Yishun Junior College.

Edmund Tie & Co. head of research Dr Lee Nai Jia feels that the site’s location will attract buyers who like the rustic lifestyle.

“Residents would enjoy the eateries and greenery in the area, and being away from the hustle and bustle of the city,” he said.

Measuring 61,598 sq ft, the Cuscaden Road site is available for application under the reserve list. With a maximum GFA of 172,481 sq ft, it is expected to yield 170 units.

The land parcel is close to the Orchard Road shopping belt and offers easy access to the future Orchard Boulevard MRT station on the Thomson-East Coast Line.  

Said Lee: “The future development will attract affluent buyers who like accessibility to the shopping belt and Central Business District, and are intending to get a weekend home.

“Buyers who are looking to invest will also be interested as they can rent to expatriates, medical professionals and affluent families that have members seeking medical services at Gleneagles Hospital and Camden Medical Centre.” 

He expects the site at Chong Kuo Road to attract between eight to 12 bids, with a winning bid of around $ 585 psf per plot ratio (psf ppr) or $ 37.8 million, while a winning bid of around $ 1,650 psf ppr ($ 284.6 million) is anticipated for the Cuscaden site.

The tender for the Chong Kuo site will close on 30 January 2018, said the URA.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

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