Lentor Central, Tampines Street 62 Sites Launched For Tender
The Urban Redevelopment Authority along with the HDB on Thurs 15April launched 2 lands at Lentor Central also Tampines Street 62 (Parcel A) for tender.
Introduced to sell within the validated selection in the very first 6 months 2021 Government Land Sales Programme, the two grounds possessed a 99-year lease tenure. Unitedly, the ground can generate around 1,195 housing units.
Section for residential with commercial at 1st floor usability, the ground at Lentor Ctrl has a surface area of 17,279.9 square m and an optimum gross floor area of 60thousand 4hundred 80 sq m. The highest property tallness for the plot is Thirty-five metres Singapore height datum in the low-rise zone, and 107 metres SHD in the high-rise region. It might return around Six hundred and Five units.
Huttons Asia foresees the ground to entice in excess of ten prospective buyers, by having the top quote going from $1thousand to $1thousand 50 per sq foot ppr.
It explained the plot as “probably the leading location within the 1H 2021 Government Land Sales program”.
” There are going to be stifled interest as the past kick off in the region was The Calrose in ’05,” it revealed. “The commercial piece will most likely generate much required facilities to the neighborhood also potential developments.”
The Tampines Street Sixty Two location, on the contrary, offers a surface area of 23,799.2 sq meter as well as a max gross floor area of 59thousand 498 sq meter. Section for housing usability, the plot has a top building tallness of Sixty Three to Sixty-four metres Singapore height datum. It could supply almost Five hundred ninety EC apartments.
Huttons Asia’s expects the site to entice almost ten prospective buyers, with the best quote running from $550 to $600 psf ppr.
” The EC ground at Tampines Street Sixty-two positions in a matured neighbourhood. Tampines had considerably a number of Build-To-Order kick off in the past few years as well as there is a sizable pool of interested upgraders hoping to improve to an executive condominium,” it stated.
” The successful release of Parc Central Residences create proof to the pot of demand.”
The bidding for the two sites concludes on 22 July.