Oxley Holdings – successfully won the acquisition of Huang Clan Association’s 99 years tenure site against 80 others, as disclosed by Edmund Tie & Company representative on Thursday Feb 8.
News started to air the following Monday that the said purchased was coming from Oxley Pearl, a wholly owned subsidiary of Oxley Holdings. The site is basically located along Lorong 35 Geylang with a total of S$13M, with the objective of transforming it into an 8 storey high mixed property development, now known as Sixteen35 Residences.
The site will hold the clan association’s head office from the 2nd to the 3rd storey with 22,500 sq ft site area of the new development while Oxley owns the residential units which will be up for sale from the 4th to the 8th storey of the building.
Up to the minute facilities will be added into Sixteen35 Residences which includes a multi-purpose hall, library, office space, meeting room and a heritage exhibition room. Furthermore, the development site will also feature a communal facility from swimming pool to basement parking area.
Chairman Ng Poh Wah, of Huang Clan Association, took many years of visioning the development into an upgrade version of the clan association’s headquarters and proudly announces this turning point to have it partnered with Oxley Holdings, a trustworthy developer to help them accomplish such dream.
Under URA’s 2014 Master Plan, the site is zoned for a commercial or institution usage with a $36M asking price of the said property which equates to $948 per square food per plot ration on the commercial side or $704 psf ppr on the institution side.
As the development was put up on a 2.8 plot ratio, if intended for commercial use will be an estimation of $12.5M development fee but if intended for institution use, no development fee will imposed.
Meanwhile, another development set to Launch after Sixteen 35 Residences which is 33 Residences at Geylang Lorong 30. This is a freehold apartment, nearer to Guillemard Road.
Major Transformation at Geylang on $2b Plan
Geylang, as known for being a red-light district had the Commissioner of Police worried but its concerns are now not needed. Future plans are now in the works to transform its estate into a modern and complete town consisting of attractive destinations and urban culture amenities to present.
A $2.2 billion budget from a multi-ministry entity will cover all the expense to transform Geylang into a new and well-liked district. Its blueprint and site documents had it confirmed based from a reliable source according to The Independent Singapore. I
Part of Geylang’s ancient heritage will still be preserved as its highlight though major improvements are now in the works to change it into a progressive enclave. The same research team had made a lot of works internationally to recover a red light city successfully particularly in Paris and Amsterdam.
One of the members of the committee, Liew Tua Ker, said that an array of smart ideas are already selected in hopes to have it implemented in Geylang. One of which is to hold an art work museum for the Heritage Board, dedicating its ancestral story of prominent brothels as well as the Lorongs of Geylang.
Furthermore, Liew added that he is particularly very excited for the tremendous job within Geylang which will definitely highlight a Singapore, which is genuinely an important aspect of its citizen’s life, yet been somehow ignored by such drawbacks.
State of the art condominium surely will be established in Guillemard Road and Sims Avenue, a very strategic place close to Geylang’s Sports Hub locale.
An underground city is also among the plans for the success of Geylan master plan in which the city will reach its way towards the Kallang River. Its passage will be made out of premium and sturdy glass which enables its residents to dine underneath the famous river.
A super impressed Dr. Tay Keng, Singapore’s leading architect, explained the on going projects in Geylang as one of the most creative and extravagant plan he had ever encountered through a series of its works from the successful Barrage to the worldly famous Gardens by the Bay and now the improvised Geylang 101.
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