Lentor Central, Tampines Street 62 Sites Launched For Tender
The URA as well as the Housing and Development Board on Thursday 15 April released two plots at Lentor Central also Tampines St Sixty-two (Parcel A) for bidding.
Released up for sale within the validated selection in the initial half 2K21 GLS Programme, the 2 lands come with a 99 yrs rent period. Together, they can yield approximately 1,195 residence units.
Zoned for domestic with industrial at 1st storey operation, the plot at Lentor Ctrl has a surface area of 17,279.9 square m including a peak gross floor area of 60,480 sq meter. The highest building elevation for the site is Thirty Five m SHD in the low level region, and 1hundred 7 m SHD in the skyscraper zone. It could possibly return roughly 605 apartments.
Huttons Asia hopes for the ground to draw in excess of 10 bidders, by having the premier proposal ranging from $1,000 to $One thousand Fifty psf ppr.
It summarized the location as “most likely the greatest plot under the first half 2K21 GLS programme”.
” There will certainly be stifled need as the last debut in the neighborhood was The Calrose in 2005,” it reported. “The retail segment will offer much desired conveniences to the region plus future developments.”
The Tampines St Sixty-two site, meanwhile, offers an area of 23thousand 799 sq meter including a maximum gross floor area of 59thousand 498 sq meter. Region for house operation, the ground has a max building altitude of 63 to Sixty-four metres Singapore height datum. It could generate almost 5hundred 90 EC apartments.
Huttons Asia’s projects the plot to lure approximately ten prospective buyers, with the best quote varying from $5hundred 50 to $Six hundred psf per plot ratio.
” The executive condominium ground at Tampines St Sixty Two rests in a matured neighbourhood. Tamp had relatively a quantity of Build-To-Order debut in the past couple of years including there is a sizable pool of possible upgraders considering to upgrade to an EC,” it revealed.
” The prosperous launch of Parc Central Residences provide evidence to the group of demand.”
The bidding for both sites terminates on 22 July.