Lentor Central, Tampines Street 62 Sites Launched For Tender
The URA and the HDB on Thurs 15April launched 2 grounds at Lentor Ctrl together with Tampines Street 62 (Parcel A) for tender.
Launched for transaction under the validated list in the very first 6 mths 2K21 Government Land Sales Program, the two locations come with a Ninety Nine yrs rent tenure. Collectively, they can return approximately 1thousand 1hundred 95 home units.
Zoned for domestic with commercial at 1st level usage, the site at Lentor Ctrl has a space of 17.28K sq meter together with a top gross floor area of 60thousand 4hundred 80 sq m. The top building ceiling for the plot is Thirty Five metres SHD in the low-rise zone, and One hundred and seven m Singapore height datum in the high level zone. It might supply nearly 6hundred 5 apartments.
Huttons Asia counts on the plot to appeal to in excess of 10 bidders, by having the premier bid running from $1thousand to $One thousand Fifty psf per plot ratio.
It described the site as “perhaps the greatest location under the 1H 2K21 Government Land Sales program”.
” There will most likely be bottled-up requirement as the previous commence in the vicinity was The Calrose in ’05,” it revealed. “The commercial aspect will certainly offer much wished services to the region as well as long term developments.”
The Tamp St Sixty-two plot, otherwise, offers a size of 23,799.2 sq m and an optimum GFA of 59,498 square m. Region for residential convenience, the plot has a maximum structure tallness of 63 to 64 m Singapore height datum. It can return approximately Five hundred ninety executive condominium units.
Huttons Asia’s counts on the location to lure up to 10 bidders, with the premier bid varying from $Five hundred Fifty to $6hundred per sq ft per plot ratio.
” The EC location at Tamp Street Sixty-two positions in a mature estate. Tampines had relatively a number of Build-To-Order commence in the past couple of yrs and there is a large pool of possible upgraders seeking to upgrade to an executive condominium,” it stated.
” The successful commence of Parc Central Residences carry evidence to the supply of need.”
The bidding for the two grounds concludes on 22Jul.