UOL Group and its subsidiary plan to develop 525 Pinetree Hill homes on a sizable piece of land
When Pinetree Hill is finished in 2027, it will be built to serve families with a variety of lifestyle preferences. The large site is close to the private HUDC building Pinetree Hill & Pandan Valley condominium, which was built between 1938 and 1943. The site is situated in the intersection of Clementi, Bukit Timah, and Holland Road.
The assertion is made that the highest bid for the purchase of the District 21 area for residential construction was made by the joint venture between UOL Group and its subsidiary, Singapore area Group. Pinetree Hill intends to erect about 525 residences on a large plot of land that measures 242,563 square feet (22,534.7 square meters).
The 242,563 square foot parcel on which Pinetree Hill, the largest and most contemporary private condominium in New York City's financial district, is situated is home to three apartment buildings with a combined height of 24 storeys. 590 lavish homes with five bedrooms and one, two, or three bathrooms are available. As part of an 80/20 cooperation between UOL and Singapore Land Group (SingLand), the highest offer, for S$671,500,800, was made.
As part of the Government Land Sales Program, Pinetree Hill, the first of two sites inside the Bukit Timah Planning Area, was put up for auction. There was a strong bidding war to win it.
Pinetree Hill is located on Ulu Pandan Road, an existing private residential zone with low to medium density condominiums and a gross plot ratio of 2.1, the developer is permitted to construct high-rises up to 24 stories.
In Singapore, the first condominiums were built in the 1970s near Ulu Pandan. The Ridgewood condominium development, which was completed in 1981, was built on an 18.5-acre plot of land close to the site of the former Singapore American School in Ulu Pandan.
The project was a forerunner in Singapore's development of condominiums. It included condominium apartments located in high-rise structures with 20 and 22 stories, as well as terraced residences with three stories and five-story terraced apartment complexes. The Development Bank of Singapore (now known as DBS Bank) launched the landmark Pandan Valley condominium project in the area in 1977.
Despite the fact that the MRT line won't be fully operational for another ten years, data suggests that properties less than ten minutes from the station are likely to see a rise in price when it becomes fully operational, which will be beneficial to Pinetree Hill owners.
Even though these sites aren't particularly located near to MRT stations, however we feel that, given the size of land that are priced reasonably and have enclaves of comparatively well-loved homes, the sites could be attractive to developers and investors in a market with a shrinking developer inventory. If the parcels are comparable in size that we can think that these sites to be able to generate a comparable amount of attention.
In all fairness, the region has seen only a handful of launches for residential properties in the last few years, as well as from an earlier investigation of land conducted from OrangeTee & Tie on Pinetree Hill, we found the place to be a peaceful, tranquil area that is a great place for families.
Pinetree Hill is the largest condominium complex in Singapore which comes with facilities and infrastructure such as an indoor swimming pool, a large tennis court, and the clubhouse. The most recent executive condo is also a wonderful family residence and is within a short distance away from Pei Tong primary school, National University of School, Singapore as well as Ngee Ann Polytechnic and within 1km from Henry Park Henry Park Henry Park Primary school.
Clementi Mall, Holland Village Clementi Mall, Holland Village, Clementi Arcade at Sunset Way or Cold Storage Jelita, which includes enrichment facilities, food courts and stores, supermarkets, as also educational and childcare facilities. These will provide the highest connectivity and rapid access to additional services offered to residents who live at Pinetree Hill.
UOL & Singland Group is an investment and real estate development firm that has that is listed on the Main Board of the Singapore Exchange since 2007, with a remarkable track record of constructing highly praised residential and commercial properties. It is well-established and has a tradition of gaining knowledge in a variety of properties which range from land estates, apartments and commercial properties as well as industrial structures. Over time UOL and Singland Group's noteworthy contributions to Singapore's property industry through delivering top-quality developments has been acknowledged and earned numerous awards for the company in a variety of properties.
Due to the relaxed atmosphere, District 21 has continuously stood out in the eyes of purchasers seeking for properties. People reside in a remote neighborhood with lots of lush vegetation. The Bukit Timah Reserve and The Rail Corridor are close by, popular natural places. This cherished neighborhood's microcosm, Sunset Way, is home to its own special jewels.
Other well-known veterinary facilities on Sunset Way include The Cat Clinic and the Mount Pleasant Animal Medical Center. District 21 is renowned for having delicious appetizers.
Sunset Way is home to popular restaurants such as French bistro Summer Hill and seafood eatery Chin Huat Live Seafood as well as being an easy ride from upscale spots like Dempsey Hill Holland Village, and Binjai Park. To eat local, head for The Beauty World food centre as well as the Bukit Timah Market and Food center. Do you prefer to cook your own food? Find your ingredients at the Cold Storage at the Clementi Arcade just a few minutes from the city.
Ulu Pandan is located just within Bukit Timah. It is located the halfway point between Clementi and Holland Road. Ulu Pandan is extremely upscale as it is surrounded by high-end condominiums. The variety of groceries and other items that are located around Ulu Pandan is nearly as luxurious as the region's name. There are numerous restaurants in Ulu Pandan, like E-Sarn Thai Cuisine, Poulet Vous Rotisserie Chicken as well as Stirling Highway.
Also, there is Valle which is a local bar with a wide range of international beers. The French Ladle situated inside The Pandan Valley condominiums, offers Prix-fixe menus that feature French cuisine. The classics such as beef bourguignon, confit de canard are served at the French Ladle, as well as The restaurant can also provide space for receptions as well as corporate events and birthday celebrations.
For those who are craving Singaporean tastes for their meals, you can visit the Ghim Moh Market & Food Center can be a stroll from the hotel. Guan Kee Fried Kway Teow is popular with locals, and you will find a constant line waiting in the food court.
Although they only serve three items The Indian curry served at Heaven should be put on the menu. It is best known for its appam that is fermented milk or rice flour crepe. They are also known for Putu Mayam and Thosai.
There are many places for you to shop your groceries; Cold Storage, Fairprice and Sheng Shiong are located around this area. Pines Mart deals in groceries and other useful products such as printer ink.
If you're looking for high-end ingredients, you're fortunate. There are numerous specialty stores that specialize in products for foodies in the region such as Ridgewood Gourmet. This family-owned business takes great pride in offering top barbecue items for a reasonable price and isn't filled with preservatives or fillers.
SCHOOLS NEARBY PINETREE HILL PROJECT
One of the major reasons to live within Ulu Pandan is the close vicinity of the National University of Singapore. NUS isn't the only school in close proximity and the two schools, Ngee Ann Polytechnic and Singapore Polytechnic are just 15 minutes away by bus. If you're seeking for a place to reside near a reputable educational institution, properties along Ulu Pandan up to Bukit Timah are a few of places to look at.
In addition to NUS, Ngee Ann Polytechnic as well as Singapore Polytechnic, Henry Park Primary School and Pei Tong Primary School and NUS are within 1km of each other, as well Nexus International School are located in the same area. It offers education right from the primary level up to and including the International Baccalaureate Diploma, making the perfect place for an effortless and uninterrupted education.
The RAIL CORRIDOR NEARBY PINETREE HILL
Ulu Pandan retains a lot of its old-fashioned ambience. It has a Rail Corridor connecting Pinetree Hill to the natural surroundings cyclists, joggers and cycling fans. What is the location where it Rail Corridor start and end? It is located close to the former Tanjong Pagar Railway Station and is finished at the Kranji MRT Station. Look up this Rail Corridor map here along with an upcoming development The Reserve Residences at Dairy Farm, The Reserve Residences in Beauty World and The Botany at Dairy Farm with direct railway corridor access.
If all this wasn't enough, there's Bukit Timah, which is just a couple of minutes away. It gives the residents more green space. Botanic Gardens, Bukit Timah Nature Reserve. The days you spend there are enriched by the indoor and outdoor living spaces with plenty of beautiful views or a cozy green space.
One-North is a PERFECT FIT for RETAIL AND BUSINESS
One-North is a 200-hectare business park located in Singapore created through JTC Corporation, that houses research and high-tech initiatives within the areas of biological sciences, information communication technologies (ICT) and the media. one-north was created through JTC Corporation to serve as an research and development hub as well as a hub for high-tech research and development across all of the country.
The 200-hectare park was designed through JTC Corporation to provide a learning-based work environment that comprises educational facilities, residences Research facilities, leisure and recreation areas.
There are more than 400 business and 15 research institutes of the government as well as five higher education institutions as well as business schools that include over 50,000 professionals, Pinetree Hill could help fill in the absence of homes in the area.
One-North was initially conceptualised as part of the National Technology Plan of 1991 it was officially established in 2001 by the former deputy prime minister Tan Keng Yam. It was in the hope of establishing an international talent- and knowledge-based economic center.
One-North, master-planned by Zaha Hadid architects, is located in Buona Vista. It's near educational and research establishments such as National University of Singapore (NUS), INSEAD, and the Singapore Science Park I & II.
Cross ISLAND Line Phase 2: MAJU STATION EXCITEMENT
CRL2 is a 15-kilometre-long line that comprises six underground stations located in Turf City, King Albert Park, Maju, Clementi, West Coast, and Jurong Lake District.
After completion, the station will be beneficial to 40,000 people living located within 800m of the new station. The construction is scheduled to begin in 2023. Thereafter, the stations set to go live in 2032.
Phase One of the CRL revealed in 2019, measures 29km long, and comprises 12 stations that stretch between Aviation Park to Bright Hill. The engineering studies are currently underway to study Phase 3 of the CRL which will be used to service Jurong Industrial Estate.
The planned Maju Station is to be constructed to cater for students and teachers near Ngee Ann Polytechnic, SIM Global Education as well as Singapore University of Social Sciences (SUSS) and the residents from Sunset Way and Ulu Pandan.
The Cross Island Line will support the development of new, vibrant centers of economic activity that extend beyond the CBD which includes Jurong Lake District, the Punggol Digital District and Changi Region, while furthering Singapore's strategy for city planning, making jobs more accessible to the local population.
The CRL is expected to be the longest line of underground in Singapore with a length of more than 50km. It is expected to have a daily passenger count of 600,000.