The Tan Boon Liat Building, a longstanding commercial structure in Singapore’s Outram district, is poised for a transformative rezoning to accommodate residential and mixed-use developments, responding to escalating demands in urban living spaces.
Supported by the Urban Redevelopment Authority, this shift could greatly increase the building’s gross floor area and allow for the construction of taller structures.
Situated near the Havelock MRT station, its strategic location promises to enhance the neighborhood’s landscape and stimulate local economic growth.
As the area prepares for change, the implications for both current tenants and prospective developers emerge, leaving one to ponder the future landscape of Outram.
Reasons for Rezoning Tan Boon Liat Building
To meet the increasing demand for residential and mixed-use properties in Singapore, the Tan Boon Liat Building is undergoing rezoning to maximize land use efficiency. The Urban Redevelopment Authority (URA) advocates for a vibrant mixed-use development in the Outram district, reflecting the strategic initiative to integrate residential and commercial spaces effectively. This rezoning could facilitate a 50% increase in gross floor area, allowing for larger and more diverse developments. Additionally, the proposed changes would enable the construction of structures up to 180 meters tall, aligning with Singapore’s objectives for high-density urban planning. This transformative approach aims to leverage the area’s existing infrastructure and connectivity, greatly enhancing developer interest and contributing to the dynamic evolution of the Outram district. In a similar vein, the Springleaf Modern development contributes to urban renewal in its region by integrating modern residential units with essential amenities and strong transport links, promoting a balanced and vibrant community life.
Local Amenities and Accessibility
While the rezoning of Tan Boon Liat Building aims to boost land use efficiency and developer interest, the building’s location already offers significant advantages regarding local amenities and accessibility. The proximity to Havelock MRT station, a mere 5-minute walk, facilitates seamless transit for residents and visitors alike. Nearby, Tiong Bahru Plaza and Concorde Shopping Centre provide extensive retail and dining options within a 12-minute radius. For families, the close vicinity to respected schools such as Zhangde Primary, Alexandra Primary, and River Valley Primary—each less than 1.6 kilometers away—ensures accessible educational opportunities. Additionally, the nearby Tiong Bahru Park offers a lush retreat with ample recreational spaces, enhancing the community’s quality of life. Moreover, the strategic improvements to cycling paths in the Springleaf precinct provide enhanced connectivity for more sustainable urban transport options.
Future Potential and Developer Interest
The rezoning of Tan Boon Liat Building is anticipated to markedly boost its gross floor area (GFA), potentially increasing it by up to 50%. This enhancement opens the door for more extensive residential and mixed-use projects, making the property highly appealing to developers. With its freehold status and proximity to Havelock MRT station, the site offers excellent transport links that are attractive in the real estate market. The growing demand for residential spaces in the Central Region, where the building is located, further heightens its allure, suggesting strong future returns on investment. Additionally, the potential transformation of the Outram district could meet both residential and commercial needs, reshaping the local landscape and providing significant development opportunities. Notably, similar ambitious developments such as the Springleaf Modern project, reflect the trend towards integrating residential spaces with convenient urban amenities.
New Condo Launch: Springleaf Modern
Introducing an exceptional addition to the vibrant Upper Thomson precinct, Springleaf Modern is a luxurious 99-year leasehold condominium development that seamlessly blends modern aesthetics with a touch of colonial charm. Developed by renowned builders GuocoLand and Hong Leong Holdings, this development offers a unique living experience in District 26 of Singapore.
Springleaf Modern comprises 105 residential units across 5 stories, each designed to maximize space and natural light. The development caters to a range of lifestyles with 1 to 4-bedroom units available, making it ideal for both families and young professionals.
Springleaf Modern offers spacious, light-filled 1 to 4-bedroom units, perfect for families and professionals alike.
Residents can enjoy a variety of amenities including a swimming pool, gym, barbecue area, and children’s playground, fostering a lively community atmosphere. The proximity to the upcoming Springleaf MRT station on the Thomson-East Coast Line enhances connectivity, making it easy for residents to navigate the city.
Additionally, the development is close to local schools, parks, and shopping centers like the Sembawang Shopping Centre, adding to the convenience and appeal of living in springleaf modern.
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