Under construction - Boon Lay area

Pengui · January 22nd, 2005, 04:32 AM

I just went there to meet my former employer and took a few pics on the way ;-)

NTU:

I'm not very happy about this, there used to be a very cute little valley here before :-/

On the other hand, the project looks original:

Interestingly, this construction is planned to end in only one month, they are just doing the pilling... Does it mean that the facility will be built at a later time ? Strange...

And also...
Some students housing facilities under construction since last year... It started raising out of the ground last summer.

There will be
3x 8 storey
6x 7 storey
1x 6 storey
1x 3 storey

Pengui · January 22nd, 2005, 04:39 AM

A stadium under construction in Nanyang, near the group of still unoccupied HDB blocks along the future west extension of EW MRT line.

(taken from the bus

)
The sign says: 4 storey sports facility.

And finally some pics taken just next to the MRT station:

The plot of land next to the bus interchange is for sale for "Mixed commercial and Residential" development.
You can see the site on this pic taken from the station:

At the background is a community building under construction:

heirloom · January 22nd, 2005, 11:51 AM

oh my this looks exciting! what is it?

RafflesCity · January 22nd, 2005, 11:53 AM

cool pics!

I really dont know whats going on at Boon Lay but that design of NTU's looks refreshing.

Are there tall buildings at Boon Lay?

Pengui · January 22nd, 2005, 12:33 PM

They just say "teaching block", so that's not much.

I lived in this area for 6 months so I can tell you that's about all of the constructions here, at least on the west/central side :-)
There's also Pioneer Place shopping centre that was about to finish when I left in September, so it must be fully opened now. It's a relatively small one, I think 4 stories tall.

There is no tall building at Boon Lay, the tallest ones must be those you can see from the MRT station, and they are between 15 and 20 storey I think.
Also there is no private condo in the vicinity of the MRT station. You can only find a few private properties near NTU and PIE. The area has been overbuilt with HDB flats, and there is two developments of 4 or 5 HDB towers that are finished but not opened, as the government is waiting for the property prices of the area to rise. They are block 752 to 760 (no shot) and 986 to 990 (appearing left of the stadium construction on the photographs).

RafflesCity · January 22nd, 2005, 12:35 PM

hmm..there are some 30 storey private apartments in the west though..but I'm not familiar with that area at all :P

Pengui · January 22nd, 2005, 05:15 PM

I think so, in the Bukit Batok or Choa Chu Kang area, I would say...

Pengui · February 27th, 2005, 07:17 AM

Here is an update on the Community building near Boon Lay MRT...

Rendering:

Signboard:

25th February

heirloom · February 27th, 2005, 01:53 PM

looks decent... i like the CC somewhere around choa chu kang... the one with a huge glass cylinder.

huaiwei · February 27th, 2005, 03:41 PM

Wow...the last time I saw that CC site was back in 2001...and it was plain empty then!

JediAlf · March 3rd, 2005, 09:23 AM

Quote:

Originally Posted by Pengui

The plot of land next to the bus interchange is for sale for "Mixed commercial and Residential" development.
You can see the site on this pic taken from the station:

BTW, the land for sale includes the site of Boon Lay Bus Interchange. The entire site will be tendered for apartment and commerical on first few levels and an bus interchange.

Temporary bus interchange will be built south of Boon Lay MRT station. It will be in operational until the new building of apartment and new bus interchange are ready.

There will be an LRT station next to Boon Lay MRT station for Jurong LRT line. It is stated in the plans.

Every detail of this site is in the plans under

http://www.hdb.gov.sg/isoa045p.nsf/d...e?OpenDocument

Pengui · March 3rd, 2005, 04:44 PM

This plot of land is rather huge, if you compare to Jurong Point S.C. I wonder what kind of "commercial development" they intend to put here.

babystan03 · March 3rd, 2005, 11:20 PM

Quote:

Originally Posted by Pengui

This plot of land is rather huge, if you compare to Jurong Point S.C. I wonder what kind of "commercial development" they intend to put here.

Well considering the amount of "human traffic" (very packed....

) at Jurong Point, I think it's commercially viable for another shopping mall.......

Pengui · March 4th, 2005, 03:07 AM

True indeed... After all, Tampines also has two shopping malls side by side... And the traffic is no more than Boon Lay.

babystan03 · March 4th, 2005, 10:29 AM

Quote:

Originally Posted by Pengui

True indeed... After all, Tampines also has two shopping malls side by side... And the traffic is no more than Boon Lay.

I hope they come up with something cool like Novena Square (intergrated shopping mall cum office).....But I do hope the shopping mall is bigger than Novena......something like Compass Point would be good.....

heirloom · March 4th, 2005, 11:14 AM

the malls in tampines are toooo congested!!! and crappy.

only a handful of outlets i dont mind, mostly eateries - mos burger, dairy queen, golden village, haagen dazs, din tai fung, uh... no more i can think of.

babystan03 · March 4th, 2005, 11:15 AM

Quote:

Originally Posted by heirloom

the malls in tampines are toooo congested!!! and crappy.

only a handful of outlets i dont mind, mostly eateries - mos burger, dairy queen, golden village, haagen dazs, din tai fung, uh... no more i can think of.

Maybe it's time to add a new one......

Din Tai Fung open a branch in Tampines ah??

RafflesCity · May 11th, 2005, 12:32 AM

Jurong land plot available

11 May 05

THE Housing and Development Board (HDB) has made available a plot of land bordered by Jurong West Central 3 and Jurong West Street 64. The 33,523.8 sq m site, available on a 99-year lease, has an allowable gross floor area of 117,333.3 sq m.

It can be used for a mixture of commercial and residential development. The site is on a high-traffic suburban location, next to Jurong Point Mall and the Boon Lay MRT station. The site has been on the government's reserve list all this while.

Under that system, at least one developer's bid must satisfy the government's reserve price before it is put up for tender. A developer has brought the site off the reserve list by offering a minimum application price of $320 million.

The HDB said the tender for the land parcel will be published in about two weeks' time.

heirloom · May 11th, 2005, 05:21 AM

Quote:

Din Tai Fung open a branch in Tampines ah??

yar

babystan03 · June 23rd, 2005, 12:24 PM

Business Times - 22 Jun 2005

PROPERTY DEALS
Aggressive bid of $415m for site next to Jurong Point

Offer made by joint venture of Guthrie, Lee Kim Tah, German fund

By KALPANA RASHIWALA

A JOINT venture partly owned by Guthrie and Lee Kim Tah yesterday placed an aggressive bid of $415 million or $329 per square foot of potential gross floor area for a 99-year leasehold commercial and residential site next to their Jurong Point mall.

The bid, aimed at defending the duo's current interest, was 10 per cent more than the next highest bid of $377 million by the CapitaLand group, which in turn surpassed Centrepoint's offer of $348 million by about 8 per cent.

The top bidder, Prime Point Realty Development, is 50 per cent owned by an entity controlled equally by Guthrie and Lee Kim Tah. The other half of Prime Point is owned by Germany-incorporated TMW Asia Property Fund No 1, managed by Pramerica Asia - the former GRA Singapore.

The 360,847 sq ft site next to Boon Lay MRT station was offered at a state tender that closed yesterday. It can be developed into a project with a total gross floor area of about 1.26 million sq ft. Up to 40 per cent of this can be set aside for commercial use, including a bus interchange.

The rest of the development has to be for residential use, which should be able to generate about 600 apartments.

Some market watchers estimate that Prime Point's bid works out to a land price of about $200 psf per plot ratio for the residential component and about $600 psf ppr for the commercial component, excluding the bus interchange.

The break-even cost for the mall, which is expected to have about 280,000-290,000 sq ft of net lettable area, is likely to be slightly above $1,300 psf - higher than the $1,000 to $1,200 psf at which major suburban malls have changed hands in the past few years.

Nonetheless, Prime Point may be able to achieve a decent property yield of 6.5 per cent from the mall, assuming it gears up to 60 per cent.

As well, it should be able to maximise the value of the retail space better than the other bidders, facilitated by the common stake (through Guthrie and Lee Kim Tah) in Jurong Point next door. Market watchers say they would not be surprised if the new mall is linked to Jurong Point or even built as an extension to it.

This would help Prime Point overcome some of the constraints in developing the latest site considering that the bus interchange will take up 75 per cent of the footprint or land area of the site. Such a strategy would also draw synergies between the two properties, boosting their attraction to shoppers and maximising shopper traffic flow.

'That's why Prime Point Realty can afford to bid higher than the two other contenders, because it's uniquely placed to extract the most value from the retail space in the new development,' said an industry observer. The apartments will have a likely break-even of about $420 psf and may sell for under $500 psf on average, assuming they are launched for sale in about a year.

Prime Point's bid price works out to a land cost of about $350 psf ppr, excluding an estimated gross floor area of about 75,000 sq ft for the bus interchange. The developer will have to build the interchange and hand it over to the Land Transport Authority, which will reimburse it with a sum capped at $36 million.

In March 1999, Centrepoint paid $150 psf ppr excluding a bus interchange for a site in Sengkang, which it later developed into Compass Point mall and Compass Heights apartments. In June 1995, Centrepoint paid $494 psf per plot ratio for the Causeway Point mall site in Woodlands.

Guthrie and Lee Kim Tah paid $124 psf ppr for the original Jurong Point site in 1993 and $452 psf ppr in November 1997 for an adjacent site on which they built an extension.

Copyright © 2005 Singapore Press Holdings Ltd. All rights reserved.

January 22nd, 2005, 04:32 AM	#1
Pengui Tallest on his iceberg Join Date: Jun 2003 Location: Singapore / Paris Posts: 3,628 Likes (Received): 1	Under construction - Boon Lay area I just went there to meet my former employer and took a few pics on the way ;-) NTU: I'm not very happy about this, there used to be a very cute little valley here before :-/ On the other hand, the project looks original: Interestingly, this construction is planned to end in only one month, they are just doing the pilling... Does it mean that the facility will be built at a later time ? Strange... And also... Some students housing facilities under construction since last year... It started raising out of the ground last summer. There will be 3x 8 storey 6x 7 storey 1x 6 storey 1x 3 storey

February 27th, 2005, 03:41 PM	#10
huaiwei The Monkey King Join Date: Jan 2003 Location: Singapore 新加坡 Singapura சிங்கப்&#2986 Posts: 11,897 Likes (Received): 0	Wow...the last time I saw that CC site was back in 2001...and it was plain empty then! __________________ Majulah Singapura 前进吧，新加坡！Onward Singapore முன்னேறட்டும் சிங்கப்பூர் "My Settlement of Singapore continues to thrive most wonderfully - it is all and everything I could wish and, if no untimely fate awaits it, promises to become the Emporium and the pride of the East" - Sir Thomas Stamford Raffles, 10th September 1820

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

January 22nd, 2005, 04:39 AM	#2
Pengui Tallest on his iceberg Join Date: Jun 2003 Location: Singapore / Paris Posts: 3,628 Likes (Received): 1	A stadium under construction in Nanyang, near the group of still unoccupied HDB blocks along the future west extension of EW MRT line. (taken from the bus ) The sign says: 4 storey sports facility. And finally some pics taken just next to the MRT station: The plot of land next to the bus interchange is for sale for "Mixed commercial and Residential" development. You can see the site on this pic taken from the station: At the background is a community building under construction:

January 22nd, 2005, 11:51 AM	#3
heirloom Registered User Join Date: Nov 2002 Posts: 6,158 Likes (Received): 0	oh my this looks exciting! what is it?

January 22nd, 2005, 11:53 AM	#4
RafflesCity By Spirit Join Date: Sep 2002 Location: S I N G A P O R E Posts: 26,215 Likes (Received): 2	cool pics! I really dont know whats going on at Boon Lay but that design of NTU's looks refreshing. Are there tall buildings at Boon Lay?

January 22nd, 2005, 12:33 PM	#5
Pengui Tallest on his iceberg Join Date: Jun 2003 Location: Singapore / Paris Posts: 3,628 Likes (Received): 1	They just say "teaching block", so that's not much. I lived in this area for 6 months so I can tell you that's about all of the constructions here, at least on the west/central side :-) There's also Pioneer Place shopping centre that was about to finish when I left in September, so it must be fully opened now. It's a relatively small one, I think 4 stories tall. There is no tall building at Boon Lay, the tallest ones must be those you can see from the MRT station, and they are between 15 and 20 storey I think. Also there is no private condo in the vicinity of the MRT station. You can only find a few private properties near NTU and PIE. The area has been overbuilt with HDB flats, and there is two developments of 4 or 5 HDB towers that are finished but not opened, as the government is waiting for the property prices of the area to rise. They are block 752 to 760 (no shot) and 986 to 990 (appearing left of the stadium construction on the photographs).

January 22nd, 2005, 12:35 PM	#6
RafflesCity By Spirit Join Date: Sep 2002 Location: S I N G A P O R E Posts: 26,215 Likes (Received): 2	hmm..there are some 30 storey private apartments in the west though..but I'm not familiar with that area at all :P

January 22nd, 2005, 05:15 PM	#7
Pengui Tallest on his iceberg Join Date: Jun 2003 Location: Singapore / Paris Posts: 3,628 Likes (Received): 1	I think so, in the Bukit Batok or Choa Chu Kang area, I would say...

February 27th, 2005, 07:17 AM	#8
Pengui Tallest on his iceberg Join Date: Jun 2003 Location: Singapore / Paris Posts: 3,628 Likes (Received): 1	Here is an update on the Community building near Boon Lay MRT... Rendering: Signboard: 25th February

February 27th, 2005, 01:53 PM	#9
heirloom Registered User Join Date: Nov 2002 Posts: 6,158 Likes (Received): 0	looks decent... i like the CC somewhere around choa chu kang... the one with a huge glass cylinder.

March 3rd, 2005, 04:44 PM	#12
Pengui Tallest on his iceberg Join Date: Jun 2003 Location: Singapore / Paris Posts: 3,628 Likes (Received): 1	This plot of land is rather huge, if you compare to Jurong Point S.C. I wonder what kind of "commercial development" they intend to put here.

March 4th, 2005, 03:07 AM	#14
Pengui Tallest on his iceberg Join Date: Jun 2003 Location: Singapore / Paris Posts: 3,628 Likes (Received): 1	True indeed... After all, Tampines also has two shopping malls side by side... And the traffic is no more than Boon Lay.

March 4th, 2005, 11:14 AM	#16
heirloom Registered User Join Date: Nov 2002 Posts: 6,158 Likes (Received): 0	the malls in tampines are toooo congested!!! and crappy. only a handful of outlets i dont mind, mostly eateries - mos burger, dairy queen, golden village, haagen dazs, din tai fung, uh... no more i can think of.

May 11th, 2005, 12:32 AM	#18
RafflesCity By Spirit Join Date: Sep 2002 Location: S I N G A P O R E Posts: 26,215 Likes (Received): 2	Jurong land plot available 11 May 05 THE Housing and Development Board (HDB) has made available a plot of land bordered by Jurong West Central 3 and Jurong West Street 64. The 33,523.8 sq m site, available on a 99-year lease, has an allowable gross floor area of 117,333.3 sq m. It can be used for a mixture of commercial and residential development. The site is on a high-traffic suburban location, next to Jurong Point Mall and the Boon Lay MRT station. The site has been on the government's reserve list all this while. Under that system, at least one developer's bid must satisfy the government's reserve price before it is put up for tender. A developer has brought the site off the reserve list by offering a minimum application price of $320 million. The HDB said the tender for the land parcel will be published in about two weeks' time.

June 23rd, 2005, 12:24 PM	#20
babystan03 More excitment ahead!!! Join Date: Jun 2003 Location: Singapore Posts: 17,790 Likes (Received): 0	Business Times - 22 Jun 2005 PROPERTY DEALS Aggressive bid of $415m for site next to Jurong Point Offer made by joint venture of Guthrie, Lee Kim Tah, German fund By KALPANA RASHIWALA A JOINT venture partly owned by Guthrie and Lee Kim Tah yesterday placed an aggressive bid of $415 million or $329 per square foot of potential gross floor area for a 99-year leasehold commercial and residential site next to their Jurong Point mall. The bid, aimed at defending the duo's current interest, was 10 per cent more than the next highest bid of $377 million by the CapitaLand group, which in turn surpassed Centrepoint's offer of $348 million by about 8 per cent. The top bidder, Prime Point Realty Development, is 50 per cent owned by an entity controlled equally by Guthrie and Lee Kim Tah. The other half of Prime Point is owned by Germany-incorporated TMW Asia Property Fund No 1, managed by Pramerica Asia - the former GRA Singapore. The 360,847 sq ft site next to Boon Lay MRT station was offered at a state tender that closed yesterday. It can be developed into a project with a total gross floor area of about 1.26 million sq ft. Up to 40 per cent of this can be set aside for commercial use, including a bus interchange. The rest of the development has to be for residential use, which should be able to generate about 600 apartments. Some market watchers estimate that Prime Point's bid works out to a land price of about $200 psf per plot ratio for the residential component and about $600 psf ppr for the commercial component, excluding the bus interchange. The break-even cost for the mall, which is expected to have about 280,000-290,000 sq ft of net lettable area, is likely to be slightly above $1,300 psf - higher than the $1,000 to $1,200 psf at which major suburban malls have changed hands in the past few years. Nonetheless, Prime Point may be able to achieve a decent property yield of 6.5 per cent from the mall, assuming it gears up to 60 per cent. As well, it should be able to maximise the value of the retail space better than the other bidders, facilitated by the common stake (through Guthrie and Lee Kim Tah) in Jurong Point next door. Market watchers say they would not be surprised if the new mall is linked to Jurong Point or even built as an extension to it. This would help Prime Point overcome some of the constraints in developing the latest site considering that the bus interchange will take up 75 per cent of the footprint or land area of the site. Such a strategy would also draw synergies between the two properties, boosting their attraction to shoppers and maximising shopper traffic flow. 'That's why Prime Point Realty can afford to bid higher than the two other contenders, because it's uniquely placed to extract the most value from the retail space in the new development,' said an industry observer. The apartments will have a likely break-even of about $420 psf and may sell for under $500 psf on average, assuming they are launched for sale in about a year. Prime Point's bid price works out to a land cost of about $350 psf ppr, excluding an estimated gross floor area of about 75,000 sq ft for the bus interchange. The developer will have to build the interchange and hand it over to the Land Transport Authority, which will reimburse it with a sum capped at $36 million. In March 1999, Centrepoint paid $150 psf ppr excluding a bus interchange for a site in Sengkang, which it later developed into Compass Point mall and Compass Heights apartments. In June 1995, Centrepoint paid $494 psf per plot ratio for the Causeway Point mall site in Woodlands. Guthrie and Lee Kim Tah paid $124 psf ppr for the original Jurong Point site in 1993 and $452 psf ppr in November 1997 for an adjacent site on which they built an extension. Copyright © 2005 Singapore Press Holdings Ltd. All rights reserved.