Located in the heart of District 15, the newly launched tembusu grand is surrounded by popular schools, eateries and leisure options. Residents can enjoy access to the upcoming Tanjong Katong MRT station; popular schools such as Haig Girls’ School, Kong Hwa School and Chij (Katong) Primary; shopping and dining spots in Parkway Parade and i12 Katong Mall; and East Coast Park.
The residential development will consist of four blocks of 20 to 21 storeys, and will offer 640 units for sale. According to CDL, the property is expected to have sea views and unblocked views of the Singapore Sports Hub and CBD skyline. The prestigious developer also plans to include a swimming pool, childcare centre and fitness studio.
The tender for the new EC closed at 6pm today, and City Developments Limited (CDL) emerged the top bidder with a bid of $768 million or $1,302 per square foot per plot ratio (psf ppr). The property is one of two land parcels sold by the Government via GLS this year. The other, at Thiam Siew Avenue, was sold in November last year.
Located at the heart of the Tengah estate, Tembusu Grand is nestled amongst other well-established developments. This includes the green Tengah Town Centre which is designed to be the first car-free town in Singapore. It has several amenities such as a community club, sports centre and polyclinic that will help reduce private vehicle usage.
In addition, the town centre has pedestrian walkways that connect the area with neighbouring roads. This will promote walking and biking in the vicinity, further reducing carbon emissions. It is also in close proximity to public transport facilities such as the Tengah MRT station and the Kranji Expressway and Pan Island Expressway.
Tembusu Partners is a boutique private equity investment firm that invests in promising early and growth-stage companies with a view to generate sustainable returns for its investors. It supports companies through mezzanine and equity financing, and contributes operational expertise to help them grow. The firm’s portfolio of investments spans a variety of sectors including technology, healthcare and consumer goods.
Founded in 2006, Tembusu Partners manages a number of diversified funds with a combined total of over US$1.3 billion in assets under management. Its FrontSight Capital Fund makes mezzanine and equity investments in high-growth companies across Emerging Asia – primarily in Indonesia, Malaysia, Thailand and Singapore – with the aim of delivering sustainable returns to its investors. The fund has a track record of more than 20 successful exits since its inception. The team has extensive global investing experience and is backed by a strong network of industry experts. They are dedicated to providing exceptional support and value to their investors and clients. They have received numerous accolades, including the “Best PE-Backed Exit” award at the 2011 SVCA Gala Dinner and Awards. This is the second accolade for the firm, after winning the same award in 2014. The firm has a strong commitment to responsible and ethical investing.