Tanah Merah Condo

Describe the project in a sentence: 

Tanah Merah Condo is the upcoming mixed-development project with residential units above the retail spaces on the ground floor located right beside Tanah Merah MRT station.

The upcoming development on the 99-year leasehold Tanah Merah Kechil Link site will be mixed-use, comprising commercial space of about 21,528 sq ft on the ground floor and about 265 residential units.

Tanah Merah Condo Location

Nestled within a quiet private residential neighborhood, this Tanah Merah condo is only one mixed development located right beside the MRT station along the East-West Green Line.

Accessibility

An eye-catching attribute of this site is its location directly in front of the Tanah Merah MRT station – it is the closest to the station’s entrance compared with the surrounding condo developments at the time of writing.

Currently, the Tanah Merah MRT station is one stop from the Expo MRT interchange station which is also linked to the Downtown Line. The Expo station will also be connected to the Thomson-East Coast Line (TEL) which will further enhance the accessibility to the city and northern parts of Singapore when the TEL is ready from 2024.

The proximity to the Tanah Merah MRT station on the East-West Line (EWL) provides effortless access to commercial centres in Tampines and Paya Lebar, as well as nearby Changi Business Park, the Changi Airport and exciting future developments in Changi East. It is also a straight train ride to major job centres in Raffles Place and Jurong East on the EWL.

The nearest MRT station

• Tanah Merah (~1 min walk)

Shopping nearby

• Bedok Mall  (1 MRT stop away)
• Bedok Point (1 MRT stop away)
• Eastpoint Mall (1 MRT stop away)
• East Village (10 min walk)
• Tampines Mall (2 MRT stop away)
• Tampines One (2 MRT stop away)
• Century Square (2 MRT stop away)
• Ikea, Courts & Giant

Primary Schools nearby

Within 1km from Tanah Merah Condo:

• Bedok Green Primary School
• St. Anthony Canossian Primary School
• Temasek Primary School (on the boundary, better double check to confirm)

Between 1-2km from Tanah Merah Condo:

• Changkat Primary School
• Fengshan Primary School
• Red Swastika School
• Yu Neng Primary School

Commercial centres and employment nodes

The push for decentralisation – amid improvement in public transport – has attracted many companies to establish their presence in regional commercial hubs such as in Paya Lebar and Tampines.

For instance, the Tampines Regional Centre has become a location for many banks’ back-office functions, while Paya Lebar has emerged as a vibrant live-work-play destination with developments including integrated development Paya Lebar Quarter, Paya Lebar Square and SingPost Centre. Not forgetting the bustling Changi Business Park nearby, which is home to many technology firms and financial services companies.

These employment nodes, just a few minutes from the upcoming Tanah Merah condo site via the MRT, will bring jobs closer to homes and create new opportunities for residents. For investors seeking stable rental income, these commercial centres should offer a fairly sizable and steady pool of leasing demand.

Tanah Merah Condo Developer

It will be jointly developed by MCC Land (Singapore), The Place Holdings, and Ekovest Development (S).

MCC Group is China’s largest manufacturer of steel structures and one of the largest metallurgical contracting companies in the world.  They have business operations in more than 90 countries.

Currently, they are listed in both Shanghai and Hong Kong Stock Exchanges.  MCC has assets of US $7.7 billion in 70 subsidiaries either wholly-owned or through a joint partnership. And yes! MCC Land is its subsidiaries.

As of today, MCC Land has completed numerous projects in Singapore.

They have experience in managing a mixed-development before, as one of the previous completed project include Poiz Residence, a mixed-development project beside Potong Pasir MRT station.

Tanah Merah Condo Floor Plan

TBA

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Tanah Merah Condo Pricing & Analysis

At the moment, we don’t have the official price list yet.

So, what we can do now is to guestimate the selling price based on the developer’s breakeven cost.

This is to avoid buying into a project whereby the developer marks up the price way higher with a buffer to discount later on.

According to EdgeProp, the breakeven is $1,583 psf.  So after factoring in a 20% profit margin, the average selling price is estimated to be around $1,899 psf.

Price Comparison Analysis near Tanah Merah

Coming soon…

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