Lentor Central, Tampines Street 62 Sites Launched For Tender
The URA along with the HDB on Thurs 15Apr introduced two locations at Lentor Ctrl also Tampines Street Sixty Two (Parcel A) for bidding.
Launched up for sale within the authenticated inventory in the initial half 2021 Government Land Sales Programme, the two grounds come with a 99-year lease tenure. In sync, the land can yield roughly 1.195k residential units.
Section for non commercial with commercial at first storey use, the ground at Lentor Ctrl has a size of 17,279.9 square meter along with a maximum GFA of 60.48K sq meter. The maximum constructing height for the location is Thirty Five metres Singapore height datum in the low level region, and 107 m Singapore height datum in the skyscraper region. It can supply roughly 6hundred 5 apartments.
Huttons Asia expects the plot to appeal to more than 10 bidders, with the leading quote ranging from $1K to $One thousand Fifty per square ft ppr.
It illustrated the site as “possibly the leading location within the first half 2K21 Government Land Sales programme”.
” There will most likely be suppressed need as the last commence in the region was The Calrose in ’05,” it pointed out. “The industrial aspect is going to offer much wished facilities to the vicinity along with future growths.”
The Tamp St Sixty Two plot, on the contrary, possesses a space of 23,799.2 square m along with a top gross floor area of 59,498 sq meter. Region for housing service, the ground has a max building elevation of 63 to Sixty-four m SHD. The property could possibly supply about Five hundred ninety EC apartments.
Huttons Asia’s foresees the plot to attract as much as 10 prospective buyers, with the main bid varying from $550 to $6hundred per square foot per plot ratio.
” The executive condominium location at Tampines Street Sixty-two settles in a fully grown estate. Tampines had quite a quantity of Build-To-Order commence in the past couple of yrs as well as there is a large pot of interested upgraders seeking to improve to an EC,” it mentioned.
” The triumphant introduce of Parc Central Residences form testimony to the pool of demand.”
The bidding for the 2 locations concludes on 22July.