About the Developer of Thiam Siew

Hoo Hup Reality Sunway is the developer of Thiam Siew Residences.

Information About The Hoi Hup Realty and Sunway Developers

Hoi Hup Realty and Sunway Developments collaborated on the development of Thiam Siew Residences. Hoi Hup Realty Pte Ltd, founded in 1983, is a well-known niche property developer in Singapore. Private condominiums, landed housing, cluster-strata housing, executive condominiums, and mixed-use commercial developments have all been completed successfully.

Hoi Hup has built over 7,300 high-quality homes and won over 25 awards, including the BCI Asia Top 10 Developers Award in 2012, 2013, 2017, and 2018. Sunway Property is the property division of the Sunway Group, which was founded in 1974 and is now one of Malaysia’s largest multinational property-construction corporations, with operations in 50 countries and 12 industries.

Over 200 international and national awards have been given to the company, demonstrating its innovation and ability to balance financial performance with social and environmental responsibilities.

The Hoi Hup Realty

Hoi Hup Realty Pte Ltd, a well-known property developer in Singapore, is dedicated to creating living spaces of the highest quality, comfort, functionality, and style. It has received several awards, including the 5CA Quality Excellence Award – Quality Champion (Platinum) in 2018 and 2019, as well as the 5CI Asia Top 10 Developers Award in 2017 and 2018. Ki Residences at Brookvale and Parc Central Residences are two upcoming projects.

The Sunway Developments

Sunway Developments Pte Ltd is the property division of Sunway Group, a leading property-construction company listed on Bursa Securities in Malaysia. It has extensive experience managing and developing high-quality residential and non-residential properties, including retail, leisure, healthcare, hospitality, and other commercial properties.
Hoi Hup Realty and Sunway Developments’ New Project on Thiam Siew Avenue.
The Thiam Siew Ave Residences are a freehold residential development in district 15 of Singapore. This land site was sold for S$815 million in a public tender and is being developed by a joint venture between Hoi Hup Realty and Sunway Developments.

The land parcel has a site area of 263,794 square meters, making this transaction the largest land sale in 2021 to date. It consists of 22 freehold residential development sites with a plot ratio of 2.8 based on the 2019 URA Master Plan and a selling price of 815 million Singapore dollars.

The estimated development costs are S$284 million, with an estimated land price of S$1,488 per lot (ppr). The final land price will be around S$1,440 per plot if the 7% balcony bonus is factored in (the estimated development fee is around S$39.3 million). The development is expected to become a highly sought-after development in the Singapore real estate market, as it is being developed by reputable developers.

Two freehold sites on Thiam Siew Avenue in prime District 15 in the east, between Haig Road and Tanjong Katong Road, were sold for $815 million to a joint venture between Hoi Hup Realty and Sunway Developments.

The sale is the largest residential land sale since the government increased Additional Buyer’s Stamp Duty (ABSD) rates and tightened Loan-to-Value limits in July 2018. Sunway Developments, the developer’s long-term joint venture partner, plans to redevelop the sites into two luxury high-rise condominiums with over 800 units.

The Top Ten Reasons To Purchase Thiam Siew Residences

• Hoi Hup and Sunway are reputable developers,

• District 15 is situated in a lively but tranquil neighborhood.

• Units with a north-to-south orientation

• Shopping malls and amenities are close by.

• In close proximity to reputable schools

• MRT stations and expressways are well connected.

• Electrical appliances with a name brand and high-quality finishes

• Remove any obstructions to your view of the landed property.

• Rental yields are high.

• District 15 is a strategic location in Singapore.

Book a showflat viewing for Thiam Siew Residences.

Hoi Hup Realty Pte Ltd

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