Windy Heights up for en bloc sale at $806.2m

The site currently has four residential blocks of 192 apartment units, eight penthouses, and two commercial units.

The en bloc sale of one of the largest freehold residential redevelopment sites in District 14, Windy Heights, has been put up for tender at a price of $806.2m or $1,288 psf ppr, Knight Frank Singapore said.

According to a press release, Windy Heights is a private residential estate comprising four residential blocks of 192 apartment units, 8 penthouses and 2 commercial units. The site is regular and enjoys dual frontage onto Jalan Daud and Lengkong Tiga, and has a site area of 23,291 sqm (250,702 sqft).

It is zoned residential with a gross plot ratio 2.1. Based on the current GFA and assuming an average size of 100 sqm, there is a potential for 581 new residential units upon redevelopment.

Windy Heights is connected to major arterial roads as well as expressways such as the Pan-Island Expressway (PIE), Sims Avenue, Changi Road and Still Road. The site is a 15-minute drive to the Central Business District (CBD) and Changi International Airport. The shopping and entertainment strip of Orchard Road is less than 15 minutes’ drive away.

The site is located along the Eastern Coastal Loop (Siglap Park Connector), which connects to Bedok and East Coast Park, and promotes a relaxing 2-minute cycle or 9-minute walk to Kembangan MRT station. It is only 2 MRT stops to Paya Lebar Business Hub, 3 MRT stops to Changi Business Park, and 8 MRT stops to the CBD, providing great accessibility for car-lite commuters.

Knight Frank Singapore Investment and Capital Markets executive director and head Ian Loh said, “There also isn’t much impending supply in Kembangan and the Bedok area in Districts 14 and 16 from land sales and collective sales, hence new launches in the area are likely to be sought after in lieu of the low supply.”

The tender for Windy Heights will close on 18 April 2018, Wednesday at 2:30 p.m.