Lentor Central, Tampines Street 62 Sites Launched For Tender
The Urban Redevelopment Authority as well as the HDB on Thursday 15 Apr commenced two locations at Lentor Ctrl and also Tamp St 62 (Parcel A) for bidding.
Introduced to sell within the verified list in the 1st half 2K21 GLS Program, the 2 locations come with a 99-year rent tenancy. Collectively, the plots can produce close to 1,195 housing units.
Section for residential with commercial at first floor usability, the plot at Lentor Ctrl has an area of almost 17,280 square meter and also a top gross floor area of 60thousand 4hundred 80 square m. The highest property tallness for the site is 35 metres SHD in the low level zone, and 1hundred 7 m Singapore height datum in the high level region. It can produce almost 605 apartments.
Huttons Asia looks forward to the ground to draw in excess of 10 bidders, by having the highest bid stretching from $1K to $1,050 psf ppr.
It illustrated the site as “possibly the greatest ground within the first half 2K21 Government Land Sales programme”.
” There will certainly be pent-up demand as the past kick off in the area was The Calrose in ’05,” it reported. “The retail segment will provide much required conveniences to the area as well as long term developments.”
The Tampines Street Sixty-two site, alternatively, features a surface area of 23,799.2 square m along with a max GFA of 59thousand 498 sq meter. Zoned for home use, the ground has a peak structure elevation of 63 to 64 metres Singapore height datum. It could possibly supply around 5hundred 90 executive condominium apartments.
Huttons Asia’s looks forward to the plot to bring in almost 10 prospective buyers, with the highest bid going from $Five hundred Fifty to $600 psf per plot ratio.
” The executive condominium ground at Tamp Street Sixty-two rests in a seasoned estate. Tampines had considerably a quantity of Build-To-Order kick off in the earlier few yrs as well as there is a large pool of potential upgraders aiming to advance to an executive condominium,” it shared.
” The successful launch of Parc Central Residences develop testimony to the supply of demand.”
The tender for both grounds wraps up on 22 Jul.