ERA Realty Network is the designated marketing representative for the cumulative sale. The site will certainly be released for tender on 8th March 2018 as well as closes on 18th April 2018, 3pm.
The advancement has 62 years left on its lease. It sits on a raised land with a website location at https://www.parcbotannia.info/location/ of 164,469.61 sq feet, and also is zoned 3 storey semi detached landed real estate as indicated in Urban Redevelopment Authority's (URA) Master Plan 2014. The advancement includes 47 devices of condominiums. The Sale Committee verified that they have achieved more than 80% of the subsidiary proprietors of Nicon Gardens by share value as well as strata location. The owners are expecting a minimum of S$110 million. Each system is anticipated to receive sale proceeds of about S$ 2.3 million from the cumulative sale of Nicon Gardens.
The potential developers could develop about 50 to 68 units strata housing of 3 storey semi detached devices in the website at https://www.parcbotannia.info/showflat/, subject to URA's planning authorization. The Sale Committee is anticipating strong passion from developers as there wasn't any kind of Federal Government Land Sale for landed real estate in Singapore over the past few years, specifically around.
Nicon Gardens lies within 5 mins stroll to Phoenix metro LRT Station(BP5), and also very near 10 Mile Junction LRT Station(BP14) along with the brand new Downtown Line Bukit Panjang MRT Station(DT1). It is additionally well connected to significant expressways(BKE, AYE, SLE & PIE). These would enhance the website as well as interest residence buyers & capitalists.
There are numerous schools & educational institutions located nearby the website too, including West Sight Key School, Teck Whye Primary/Secondary School, Zhenghua Key Institution, Bukit Panjang Federal Government High School, along with global colleges such as St Francis Methodist School, German European School Singapore, and also Hollandse College.
The Nicon Gardens' site additionally delights in the ease of several amenities as well as centers within the region. Homeowners could obtain their daily necessities at the adjoining estate's supermarkets and also mall such as the new Hillion Mall, Bukit Panjang Plaza, 10 Mile Joint, and Teck Whye Shopping Centre. Entertainment centers neighboring consist of Senja-Cashew Swimming Facility, Bukit Batok Golf Variety, Bukit Batok Nature Park as well as Bukit Timah nature Reserve.