The government has announced that it’s redeveloping approximately 3.7 hectares (ha), or 398,265 square feet of land at a brownfield site bounded by Alexandra Road, Prince Charles Crescent and Alexandra Canal for future public housing.
According to a press release from HDB and SLA, when developed, the site will provide about 1,500 flats to meet the different needs of Singaporeans, including young families who want to live near their parents for better mutual care and support.
Situated in the mature estate of Bukit Merah, the site was previously low-rise blocks of public rental flats, including shops and a market. After they were demolished in the 1990s, the site has been earmarked for residential development since 1998.
A brownfield site is usually land or an area which have been previously used for industrial and commercial purposes.
Examples of other such brownfield sites with plans for repurposing for housing include the former Toa Payoh Secondary School, the Keppel Club Golf Course, Jurong Country Club, Raffles Country Club, Marina Bay Golf Course (from 2024) and Orchid Country Club (from 2030).
For the Bukit Merah site, its location along the Alexandra Park Connector would provide residents with the ease of connectivity to the city while the nearby Redhill MRT station is only about a 9 to 10-minute walk away.
It is also located next to Alexandra Primary School and is near Crescent Girls’ School, Gan Eng Seng School and Queenstown Secondary School.
Based on the boundary markers in the plan above, the government will be acquiring the 0.23 ha of land marked blue, which is currently the Alexandra Post Office and SingPost’s tenant.
While SLA and HDB work closely with SingPost and its tenant on the acquisition process, nearby residents will have to wait for news on where they can go for their over-the-counter postal matters whenever development plans start.
At the moment, based on the location and neighbourhood, the potential residential development does not seem to be a PLH or Prime-Location Public Housing site. This, however, does not rule out the potential demand and value of the apartments when they eventually are developed or go on sale.
Notably, the neighbourhood is surrounded by many private condos as well – such as Echelon, Alex Residences, The Crest and Principal Garden. Further north is the Chatsworth Park GCB area, which means these HDB flats will be close to luxurious landed properties at Tanglin Road and Jervois Road.
To the west are the many car showrooms we’ve all become familiar with, and to the east are neighbourhoods around Tiong Bahru, Havelock, Zion Road and more.
Over the past ten years, HDB flats around the Redhill MRT station neighbourhood have seen their average psf price appreciate by 21.37% to about S$725.
We believe once developed, this residential site will be highly prized and in high demand. Considering the intent is to bring young families closer to their parents, this Alexandra Road site is definitely going to be popular with younger home-buyers and is one to watch closely.
–
What are your thoughts on this area’s potential? Let us know in the comments section below or on our Facebook post.
If you found this article helpful, 99.co recommends HDB May 2021 BTO In-Depth Review: Bukit Merah and Ulu Pandan BTO flats in 2021: Prices + What to Expect.
Looking for a property? Find the home of your dreams today on Singapore’s fastest-growing property portal 99.co! If you would like to estimate the potential value of your property, check out 99.co’s Property Value Tool for free. Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.
About 99.co
We are a property search engine with the overarching goal of building a more transparent and efficient property market. We are working towards that future by empowering people with the tools and information needed to find a place to live in the best way possible.
Looking to sell your property?
Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.
One easy way is to send us a request for a credible and trusted property consultant to reach out to you.
Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.
If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.
Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.
Join our social media communities!
Facebook | Instagram | TikTok | Telegram | YouTube | Twitter
Leave a comment