The Punggol Drive / Edgedale Plains plot of land which was up for tender previously has been sold and the name of the EC is The Terrace EC by Peak Square. This plot of land is put for tender under The Housing and Development Board (HDB) programme and is listed for sale under the confirmed list of land for sale in 2013.
In Singapore, in order to allow residents to have a continuous supply of land for residential use, the Government Land Sales (GLS) Programme controls the supply of land available by listing land under the confirmed list or the reserve list. Both are readily available to the developers for bid. The reverse piece of land can only be put for tender if a developer guarantee a minimum bid for the piece of land. According to analyst, the piece of land is 2.43 hectares and a gross plot ratio of 3.4. Based on these 2 indications, analyst predict that there should be around 825 units for potential The Terrace EC residents to choose. Also, the EC should be ready for launch in late 2014.
Terrace EC Punggol
The Terrace EC is host to many of the amenities available in Punggol. Sengkang Community Hospital will be ready for its residents when it TOP and also there are many shopping centres as well as eateries around in the area for the residents to use. The idea of having many amenities is very alluring for The Terrace EC given then that Punggol is one of the upcoming residential town for upgrade under the Master Plan.
Punggol Terrace EC
As for the location, The Terrace EC is located at the intersection of Punggol Drive and Edgedale Plains and is very accessible by public transport. It is located beside Kadaloor LRT Station and the LRT Station is just a few stops away from Punggol MRT Station. Residents are therefore able to commute to various parts of Singapore easily from The Terrace EC and this is one of the most important factors when looking for a EC in Singapore. The Terrace EC is also located near Sungei Serangoon and this is host to many of the establish educational institutions such as Horizon Primary School as well as Edgedale Primary School. The Terrace EC is near the Punggol Bicycle Path and Wetlands Park as therefore The Terrace EC Residents are able to access some of the best outdoor features available to Punggol Residents.
The Terrace EC in Punggol
The Terrace EC is also near many shopping centres such as Punggol Plaza, Rivervale Mall as well as Compass Point. Indulge in serene and exclusive lifestyle after a busy day shopping at The Terrace EC.