Huttons' comments on GLS tenders at Bukit Timah Link and Hillview Rise | Huttons Group

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Huttons’ comments on GLS tenders at Bukit Timah Link and Hillview Rise

Huttons Research

The Bukit Timah Link GLS site saw robust participation from 5 developers and attracted a top bid of $1,343 psf ppr.

The small site and palatable quantum attracted many bidders. The site is very attractive as it is right next to Beauty World MRT station entrance. The BKE and PIE also offer connectivity to various parts of the island. There are plenty of amenities from food centre and retail shops in the vicinity. The upcoming mixed-use development at Jalan Anak Bukit, The Reserve Residences will bring in more retail space and community spaces as well. The Bukit Timah nature reserve, rail corridor and Old Bukit Timah Railway station are in close proximity. The popular Pei Hwa Primary School is a short walk away.
The Hillview Rise GLS site received 4 submissions and a top bid of $1,024 psf ppr.
The Hillview Rise GLS is less than 10 minutes’ walk to Hillview MRT station and next to Hillview Community Club. The nearby Hillv2 offers a unique selection of retail and F&B options. The whole area is shaping up as a private residential enclave. There is no other competition in the Hillview area as Midwood is sold out. This may give the developer some pricing advantage.