The Tan Chong Industrial Estate, which was established in the 1950s and located in the heart of Singapore, is set to become a private residential development. The development, which is being spearheaded by City Developments Limited (CDL), will be the first of its kind in the area and will provide a much-needed boost to the local economy.
The industrial estate was originally developed by the Tan Chong Motor Company, a leading manufacturer of automobiles and light industrial equipment. Since its establishment, the estate has been home to a number of businesses and factories, as well as providing employment to thousands of people in the area. However, in recent years the estate has seen a decline in activity, leading to a decrease in its economic contribution to the area.
In an effort to revitalise the area, CDL has come up with a plan to transform the industrial estate into a private residential development. The plan includes the construction of a number of apartment buildings and condominiums, as well as a shopping mall and other amenities. The development is expected to attract a range of tenants, from young professionals to families and retirees, and will provide much-needed housing in an area that is currently underserved.
Aside from providing housing, the development will also provide a boost to the local economy. It is expected to create a number of jobs, especially in the retail and hospitality sectors, as well as attracting a number of businesses that will benefit from the improved infrastructure. The development is also expected to increase the value of the area, as well as providing a much-needed boost to the local economy.
The Tan Chong Industrial Estate redevelopment is a major project for CDL, and one that they are taking very seriously. They have invested heavily in the project and are committed to ensuring that it is a success. They have also taken steps to ensure that the development is as sustainable as possible, with the use of renewable energy sources and other green initiatives.
The redevelopment of the Tan Chong Industrial Estate is an exciting prospect for the area, and one that is sure to benefit the local economy. It is expected to provide much-needed housing, create jobs, and provide a much-needed boost to the local economy. CDL is confident that the development will be a success, and one that will benefit the area for many years to come.
Singapore-listed property developer City Developments Limited (CDL) has recently revealed plans to transform the former Tan Chong Industrial Estate into a private residential development. The site, located at Lorong Lada Hitam, is approximately 6.3 hectares in size and was previously used by Tan Chong Industrial Equipment (S) Pte Ltd (TCIE) as its Singapore headquarters.
The residential development is set to be a mid-market development and will feature a selection of apartment units and townhouses for sale. The development will also include a range of lifestyle amenities such as a clubhouse, swimming pool and a gym.
The site has a long history and was originally used as a motorcar factory by TCIE, who have since moved out in 2018. The development will preserve the industrial heritage of the site by incorporating elements of the old factory into the design of the residential development.
According to CDL, the development will have a modern and contemporary design that is in line with Singapore’s green initiatives. The development will feature energy-efficient features such as solar panels, LED lighting, water-efficient appliances, and natural ventilation systems. Additionally, the development will be designed to ensure that the surrounding environment is optimized to reduce noise pollution and air pollution.
Commenting on the move, CDL Group CEO Sherman Kwek said, “The former Tan Chong Industrial Estate has a rich history and we are proud to be able to preserve its industrial heritage. Our development will be designed to integrate with the surroundings while also offering a modern and contemporary living experience. We believe this will be a great addition to the surrounding area and will provide an enhanced lifestyle experience for our future residents.”
The development is expected to be completed in 2022 and will feature a selection of apartments ranging from 1-bedrooms to 3-bedrooms. Prices for the units are expected to start from S$700,000 for a 1-bedroom and S$1.4 million for a 3-bedroom.
The development is located in close proximity to existing amenities such as malls, food centres, and educational institutions. Additionally, it is just a 10-minutes drive away from the Singapore Changi Airport, making it an attractive option for those looking for a convenient and comfortable living experience.
Overall, the development is set to be a great addition to the surrounding area and is sure to be popular with buyers looking for a modern and contemporary lifestyle experience. CDL has also taken into consideration green initiatives when designing the development, ensuring that the surrounding environment is optimized for a comfortable living experience.…