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The Urban Redevelopment Authority (URA) has closed the tender for Pinetree Hill under the Government Land Sales (GLS) programme. UOL Group and SingLand's joint venture, known as United Venture Development (No. 5) Pte Ltd, secured the winning bid at $671.5 million, equivalent to $1,318 per square foot per plot ratio (psf ppr). With only a 0.0001% difference between the top two bids, this has been one of the closest tenders in recent times.
Pinetree Hill, a 99-year leasehold property in Singapore, presents a unique opportunity for investors and homeowners. It is situated in the tranquil Ulu Pandan area of Singapore and will feature 520 spacious and elegant condominiums. The development will cater to a range of residents, including young and old couples.
The condominiums will be located in an upmarket region, offering a near-city life experience without the hustle and bustle of a city centre. Pinetree Hill will benefit from improved infrastructure in District 21, with easy access to nearby amenities through major roads, MRT stations, and bus services.
Residents can enjoy proximity to schools, hospitals, restaurants, and entertainment joints, with most establishments being less than 2km away. Furthermore, the Singapore Condo will boast elegant and sophisticated finishing from renowned developers UOL Group and SingLand.
Some of the key features of Pinetree Hill Condo include its central location between Holland and Clementi areas, easy access to the Pan Island Expressway (PIE) and Ayer-Rajah Expressway (AYE), proximity to Clementi MRT and Dover MRT stations, and closeness to various international and local schools.
The Pinetree Hill development will offer unmatched convenience, excellent connectivity, proximity to schools, and easy access to shopping malls, making it an attractive investment opportunity and an ideal place to call home.