Lentor Central, Tampines Street 62 Sites Launched For Tender
The Urban Redevelopment Authority along with the HDB on Thurs 15 April launched two plots at Lentor Central plus Tampines Street Sixty-two (Parcel A) for tender.
Introduced up for sale within the validated selection in the very first half 2K21 Government Land Sales Program, the two plots come with a 99 yrs leasehold term. In sync, they can return about 1,195 household units.
Section for domestic with commercial at 1st level service, the plot at Lentor Ctrl has a space of almost 17,280 sq meter together with a top GFA of 60.48K square m. The highest constructing elevation for the ground is Thirty Five metres Singapore height datum in the low-rise zone, and 1hundred 7 metres SHD in the skyscraper region. The project could possibly supply almost Six hundred and Five units.
Huttons Asia forecasts the ground to lure in excess of 10 prospective buyers, with the best quote running from $1,000 to $1.05K per sq ft ppr.
It identified the site as “perhaps the very best plot under the 1H ’21 Government Land Sales programme”.
” There will certainly be stifled requirement as the past release in the neighborhood was The Calrose in 2K05,” it said. “The commercial part will give much wished conveniences to the region also long term progressions.”
The Tampines St 62 ground, meanwhile, has a surface area of 23thousand 799 sq m plus a peak GFA of 59,498 sq m. Zoned for housing usage, the plot has a highest structure ceiling of Sixty-three to Sixty-four m Singapore height datum. The property could produce approximately 590 EC units.
Huttons Asia’s counts on the plot to attract as many as ten bidders, with the highest proposal running from $5hundred 50 to $6hundred psf per plot ratio.
” The executive condominium site at Tamp Street Sixty-two settles in a matured community. Tampines had quite a number of BTO commence in the earlier few years and also there is a substantial pool of potential upgraders hoping to advance to an EC,” it pointed out.
” The impressive commence of Parc Central Residences bear testament to the pot of demand.”
The bidding for both locations wraps up on 22July.