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Taurus Properties Ltd. Pte. Ltd. winning bid for Newport Residences at $400,318,000

Jul 7

Newport Residences will be the first Executive Condominium (EC) situated within Tengah Garden Walk. Taurus Properties is the firm that won the bid from seven bidders for an Executive condominium (EC) site at Tengah Estate.

Taurus Properties could be described as a Joint Venture of CDL Development Limited (CDL) and MCL Land.

City Developments Limited is an international real estate company that has a presence in more than thirty nations and areas. It is one of the leading local developers with securities listed at Singapore on the Singapore Exchange. City Developments Limited has a wide range of business portfolios including shops, office space hotels and various other facilities that are integrated as well as residential and home properties that include residential and commercial structures that are managed.

MCL Land is a well-known residential developer that is constantly striving to enhance its services . It also focuses on providing the best services to its customers. MCL Land believes in developing innovative and creative solutions for homes to ensure that homeowners have fun while working and playing. Over the past five years, MCL Land has established an image of offering houses of the highest quality throughout Singapore as well as Malaysia. Singapore can be found in Singapore and Malaysia. Singapore in Singapore and Malaysia.

Newport Residences business times is the next collaborative EC release to become available by 2022. Customers are likely to get the highest high-quality kitchen equipment and countertops inside The New Port Residences EC which is expected to be at its highest in 2026.

The New Port residences offer an great option for families who are trying to find the ideal balance between jobs and their families. New Port Residences are a great option for families who want to balance work and family. property is situated in the modern Forest Town, Tengah, residents can benefit from a variety of amenities that are available for use by the community and also sporting activities in Tengah which has also been named the capital city of. Tengah was the initial HDB town constructed using the latest technology and is accessible throughout the town and over five distinct districts. The brand new EC is situated inside district 24, which is close to its Tengah Garden Walk.

The executive house is located within a drive of 2 minutes from Pan Island Expressway (PIE), Bukit Timah Expressway (BKE) and Kranji Expressway (KJE) which is located within 10 minutes from New Port Residences. New Port Residences. The property is situated near and within The Tengah Plantation MRT (JE1) station. The station will make it easier to complete homeowner's process as well as house buyers. The line is scheduled to pass all the way to Jurong Regional Line Phase 2. It is expected to be completed by 2028.

There are a variety of schools in the vicinity. Most notable one is DaZhong primary school Jurong Primary School. There is also Princess Elizabeth Elementary School. Rulang Primary School as well as Shuqun Primary School.

The Housing & Development Board (HDB) has announced an open tender to solicit tenders to bid to bid on Tengah Garden Walk EC on the 26th of November in 2020. It was open for bids from seven bids. The tender was closed on May 25th , 2021. Taurus Properties Ltd. Pte. Ltd. is the winning bidder in the auction. It won its bid of $400,318,000 which is $603.00psf per sq feet (per sq. area ). This is called ft/plot ).The total area 22,020.8 meters, which is equivalent to 2,031,89 Sqft could create 120 housing units. This includes 12 towers which are higher than the 14th floor.

Taurus Properties, a joint partnership consisting of fifty-fifty among City Developments Limited (CDL) and MCL Land won the tender for the project, which came with the estimated price in the range of 0.03% compared to the next bid. New Port Residences EC is their second collaboration with MCL Land for 2022 after the success of their first launch of Piccadilly The Grand which was launched 7/5/2022. The development was purchased at an average price of 77% on the weekend prior to it's official debut. In the week leading up to the event, impressive outcomes can be seen in the number of units sold. 77% of the building was purchased in just two days.

CDL & MCL are looking at ways of cooperating to make profits near future. Port residents of EC.

The New Port Residences at Tengah is designed to look modern and modern. The 639 homes come with the latest technology for houses, stunning Kitchen appliances, bath fixtures and the most modern air cooling systems. The home is fitted with at minimum one bedroom and can be utilized by families of any size.

The brand new EC provides areas that permit people to enjoy time with your loved ones and family. Residents are able to access a variety of facilities that can help improve their wellbeing and have fun in various places. Port Residences is the latest addition to the. Port Residences is an ideal venue for hosting gatherings, with the eating and kitchen areas that could be used for hosting cooking classes or other events. The other facilities include tennis courts and multiple pools, including one which is 50 meters in length and includes pet play areas, as along with a play zone for kids , as well as a space for games that include darts, as well as a games tables. There's also a game area where you can host events as well as rooms to play games where residents can hold celebrations and entertain guests of all ages , from toddlers to seniors.

New Port Residences is the first EC located in Tengah, The Forest Town. It's situated in It is situated within its exclusive Tengah Garden Walk which is situated within District 24. It was once an enormous sprawl of forests and scrubland and was used to train soldiers. While it's difficult to get to, Tengah, The Forest Town is an excellent area to live in. It offers residents living within NewPort Residences EC. Tengah is a lush greenery. There are five distinct areas of residence, each of which has its distinct characteristics. It is believed to be the very first "car-free" urban zone worldwide, providing the security and safety of a place to walk or cycle. Tengah residents Tengah will be split into five distinct districts, each having distinctive characteristics. The districts comprise of Garden District. Plantation District, Forest Hill District., Park District and Brickland District.