By Far East Organization and Sino Group
The development of Jalan Anak Bukit in District 21 is intended to revitalize the laidback Beauty World neighborhood. The Jalan Anak Bukit project is designed to be a verdant paradise, surrounded by an urban community, where the strains of contemporary living dissipate. It is located in the 163-hectare Bukit Timah Nature Reserve. Far East Organization, a Singapore-based real estate corporation, and Sino Group, a Hong Kong-based sister firm, a joint venture on this residential development.
Far East Organization is a well-known local property developer and one of Singapore’s earliest pioneers.
It is recognized as one of the most established and reputable firms. Far East Organization has built, managed, and owned property ranging from residential to commercial, retail, industrial, healthcare, and hospitality sectors since its inception in 1960. With over 780 projects to its credit, including condominiums, hotels, offices, retail complexes, and offices, the Group has been a significant player in the dramatic change of Singapore’s skyline.
URA GLS Sites
At the junction of Upper Bukit Timah Road and Jalan Jurong Kechil, near Beauty World MRT Station, the Jalan Anak Bukit site at Jalan Anak Bukit was sold for S$1.028 billion with 3.22ha land lot. Far East Organization and Sino Group, who jointly submitted the highest bid of around S$1.028 billion among the three shortlisted tenderers, were awarded a state tender for the 99-year leasehold commercial and residential site at Jalan Anak Bukit by the Urban Redevelopment Authority (URA).
According to the URA, the winning proposal “has a strong well-planned site design, appropriate tropical climate response, and integration of different uses and public spaces.” The 3.22-hectare site adjacent to Beauty World MRT station can be developed up to a maximum gross floor area (GFA) of 96,555 square meters (sq m) at the intersection of Upper Bukit Timah Road and Jalan Jurong Kechil. The planned mixed-use project will include a transit center on the second level, as well as civic and business areas across the first three levels, according to the URA.