ERA Real Estate Network is the designated marketing rep for the advancing sale. The site will definitely be released for tender on 8th March 2018 in addition to closes on 18th April 2018, 3pm. The advancement has actually 62 years left on its lease. It sits on an elevated land with a website location at https://www.parcbotannia.info/ of 164,469.61 sq feet, and also is zoned 3 storey semi removed landed realty as shown in Urban Redevelopment Authority's (URA) Master Plan 2014. The innovation includes 47 tools of condos. The Sale Board validated that they have achieved greater than 80% of the subsidiary owners of Nicon Gardens by share value in addition to strata area. The owners are anticipating a minimum of S$ 110 million. Each system is anticipated to receive sale proceeds of concerning S$ 2.3 million from the advancing sale of Nicon Gardens.
The potential developers can establish about 50 to 68 devices strata housing of 3 floor semi detached gadgets in the web site at https://www.nimcollection.org/, based on URA's planning authorization. The Sale Board is anticipating strong interest from developers as there had not been any type of kind of Federal Government Land Sale for landed real estate in Singapore over the past few years, specifically around. Nicon Gardens lies within 5 minutes walk to Phoenix az metro LRT Terminal(BP5), as well as likewise very near 10 Mile Joint LRT Station(BP14) along with the all new Downtown Line Bukit Panjang MRT Terminal(DT1). It is in addition well connected to substantial expressways(BKE, AYE, SLE & PIE). These would certainly boost the website as well as passion house customers & plutocrats.
There are numerous institutions & schools situated nearby the site as well, consisting of West Sight Secret Institution, Teck Whye Primary/Secondary College, Zhenghua Secret Institution, Bukit Panjang Federal Government High School, together with international universities such as St Francis Methodist School, German European College Singapore, as well as also Hollandse University. The Nicon Gardens' site additionally indulges in the simplicity of numerous facilities as well as centers within the region. House owners might get their day-to-day necessities at the adjacent estate's grocery stores as well as also shopping center such as the new Hillion Shopping mall, Bukit Panjang Plaza, 10 Mile Joint, and also Teck Whye Shopping Centre. Entertainment centers surrounding include Senja-Cashew Swimming Facility, Bukit Batok Golf Variety, Bukit Batok Nature Park along with Bukit Timah nature Get.