Lentor Central, Tampines Street 62 Sites Launched For Tender
The URA as well as the Housing and Development Board on Thursday 15Apr introduced two lands at Lentor Central as well as Tampines Street Sixty-two (Parcel A) for bidding.
Debuted to sell within the verified listing in the initial half 2021 Government Land Sales Program, both plots come with a Ninety Nine yrs leasehold term. Collectively, they can supply roughly 1,195 home units.
Zoned for domestic with commercial at first storey service, the location at Lentor Ctrl has a size of almost 17,280 sq meter as well as a max gross floor area of 60,480 sq m. The optimum constructing peak for the ground is Thirty Five m Singapore height datum in the low-rise zone, and 1hundred 7 metres Singapore height datum in the high level zone. The project might generate around 6hundred 5 apartments.
Huttons Asia projects the plot to captivate at least 10 prospective buyers, with the highest proposal running from $1thousand to $1,050 per square foot per plot ratio.
It explained the ground as “probably the most desired plot within the first half 2K21 Government Land Sales program”.
” There will most likely be suppressed demand as the last commence in the location was The Calrose in 2K05,” it mentioned. “The retail piece will most likely supply much wished conveniences to the region plus future developments.”
The Tamp St Sixty-two plot, alternatively, offers an area of 23thousand 799 square meter as well as a highest gross floor area of 59,498 sq m. Region for household use, the plot has a highest building ceiling of 63 to Sixty Four metres Singapore height datum. It can supply nearly 590 EC apartments.
Huttons Asia’s looks forward to the ground to lure as many as 10 bidders, with the premier bid varying from $5hundred 50 to $Six hundred psf ppr.
” The executive condominium location at Tampines St Sixty-two rests in a mature neighbourhood. Tampines had quite an amount of Build-To-Order debut in the last couple of yrs as well as there is a huge pool of potential upgraders aiming to elevate to an executive condominium,” it mentioned.
” The rewarding launch of Parc Central Residences bear testimony to the pot of interest.”
The bidding for both sites ends on 22July.