Lentor Central, Tampines Street 62 Sites Launched For Tender
The URA and the Housing and Development Board on Thurs 15Apr introduced two locations at Lentor Ctrl as well as Tampines Street 62 (Parcel A) for bidding.
Released for transaction within the verified inventory in the very first half ’21 GLS Programme, both locations possessed a Ninety Nine yrs lease tenure. In sync, the land can supply roughly 1.195k household units.
Zoned for residence with industrial at 1st floor service, the plot at Lentor Central has an area of almost 17,280 square meter together with a peak GFA of 60.48K sq meter. The max building elevation for the ground is Thirty Five metres Singapore height datum in the low level region, and 1hundred 7 metres Singapore height datum in the high level region. It can supply almost 6hundred 5 units.
Huttons Asia predicts the location to attract at least 10 bidders, by having the top bid varying from $1K to $1thousand 50 per sq ft per plot ratio.
It explained the location as “perhaps the most desired location under the 1H ’21 GLS programme”.
” There are going to be stifled demand as the past launch in the region was The Calrose in 2K05,” it mentioned. “The commercial segment will bring much needed amenities to the location also long term progressions.”
The Tampines St Sixty-two ground, on the contrary, has a surface area of 23thousand 799 sq m including a max gross floor area of 59thousand 498 square m. Region for house service, the plot has a maximum constructing peak of 63 to Sixty-four m Singapore height datum. The property could possibly yield approximately 590 EC units.
Huttons Asia’s hopes for the site to entice almost ten prospective buyers, with the premier bid going from $550 to $600 per square foot per plot ratio.
” The executive condominium plot at Tampines Street Sixty-two settles in a matured estate. Tampines had considerably an amount of BTO commence in the past couple of yrs and there is a huge group of prospective upgraders seeking to improve to an EC,” it stated.
” The impressive debut of Parc Central Residences provide testament to the group of need.”
The bidding for the two sites terminates on 22Jul.