Terra Hill by Hoi Hup Realty and Sunway Developments

Terra Hill is a new launch residential project located on Yew Siang Road, Pasir Panjang area. This upcoming condo is developed by a joint venture between Hoi Hup Realty and Sunway Developments with a bid of $371 million, equivalent to a land rate of $1,355 psf per plot ratio (psf ppr). If the development is bonus 7% balconies that are included in the gross floor area (GFA), the land rate will work out to $1,318 psf ppr. The price takes into consideration the development charge of about $24 million to increase the plot ratio to 1.4 under the URA Master Plan 2019. An additional $16 million development charge is payable for the additional 7% bonus GFA. This development can be redeveloped into a new condominium of about 271 residential units with the site area of 208,443 sq ft. It is expected to be a premium condominium on this unique site.

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Flynn Park New Condo Developer

Hoi Hup Sunway is an award-winning collaboration between Hoi Hup Realty and Sunway Developments. Bringing together the expertise and experience of two real estate leaders, this winning combination has inspired many successful projects that include Rivercove Residences, Royal Square at Novena, City View @ Boon Keng and The Peak at Toa Payoh. One of their latest projects, Sophia Hills, has been honoured with Gold at the FIABCI World Prix d’Excellence Awards 2020 (Mid-rise Residential), EdgeProp Singapore Excellence Award 2020 for Top Development (Residential, Central, Completed), and FIABCI Singapore Property Awards 2019 (Mid-rise Residential and Heritage).