SINGAPORE (EDGEPROP) - Tanglin Halt estate, one of Singapore’s oldest public housing estates in Queenstown, will be redeveloped into a new integrated development.

The new integrated development will include a hawker centre, market and polyclinic as well as up to 5,500 new residential flats, Senior Minister of State, Ministry of National Development and Ministry of Communications and Information Tan Kiat How announced on Oct 19.

To be completed in two phases, the development will be located at the former Tanglin Halt Neighbourhood Centre site, said the minister in his speech at the HDB Professional Engagement and Knowledge-sharing (PEAK) Forum. The former Commonwealth Drive Food Centre and existing Tanglin Halt Market are in the neighbourhood centre.

Lee Sze Teck, Huttons Asia’s senior director of data analytics, says the Tanglin Halt integrated development will be a new landmark in the area. “It is nice to note that some elements of the old food centre and market will be incorporated into the new development.”

Lee adds that the new prime location housing (PLH) and build-to-order (BTO) flats could exceed 40 storeys and may yield between 700 and 800 flats.

“The types of flats may range from two-room flexi to four-room to cater to a wide range of buyers who want to stay in this landmark development. Prices for a four-room flat could start from $550,000 to as high as $720,000,” says Lee. The first of the PLH BTO project is the 973-unit Tanglin Halt Cascadia that was launched for sale this month.

Wong Siew Ying, head of research and content at PropNex, says the Tanglin Halt Cascadia BTO project attracted 1,193 applicants, translating to an application rate of 1.23 times. Wong says: “This was very moderate, given the site’s city fringe location in the popular Queenstown neighbourhood. We think the new flats at the Tanglin Halt integrated development should likely see a warmer response when they are launched for sale, as buyers tend to be drawn to integrated developments.”

Wong adds that Tanglin Halt Cascadia flats were priced from $364,000 to $509,000 for three-room flats and $537,000 to $702,000 for four-room flats before grants. “It is quite possible that new flats at the future Tanglin Halt integrated development could be priced slightly higher, given its host of facilities within the project, but will still be more affordable than prices in the resale market.”

Lee says more flats, along with new commercial amenities and social and communal facilities, are expected to launch next year. This will bring interest to existing resale housing in the area, such as Commonwealth View, which is much sought after for its prime location and scenic views. “There may be more million-dollar flats in Commonwealth View in the future.”

The transformation of Tanglin Halt estate will bring younger families to the area and inject greater vibrancy into the neighbourhood, Wong adds.