Lentor Central, Tampines Street 62 Sites Launched For Tender
The Urban Redevelopment Authority plus the Housing and Development Board on Thurs 15 April commenced 2 lands at Lentor Central also Tamp Street Sixty-two (Parcel A) for bidding.
Kicked off for sale under the certified list in the 1st half 2021 GLS Program, both locations included a 99-year lease tenure. Collectively, they can produce close to 1.195k housing units.
Zoned for residence with industrial at 1st level use, the site at Lentor Ctrl has an area of 17.28K square meter and a max GFA of 60.48K square meter. The optimum constructing tallness for the site is 35 metres Singapore height datum in the low level region, and 1hundred 7 metres Singapore height datum in the high level zone. The project could yield nearly Six hundred and Five apartments.
Huttons Asia anticipates the site to captivate greater than ten prospective buyers, with the best bid ranging from $1,000 to $1,050 per square ft per plot ratio.
It summarized the site as “probably the top location under the 1H ’21 GLS programme”.
” There are going to be suppressed demand as the last kick off in the location was The Calrose in ’05,” it shared. “The retail part will offer much desired features to the region also long term growths.”
The Tamp Street Sixty Two location, nevertheless, offers a space of 23,799.2 square meter together with a top GFA of 59,498 sq m. Section for domestic usage, the site has a top constructing altitude of Sixty Three to Sixty-four m SHD. The project could possibly generate approximately 5hundred 90 executive condominium units.
Huttons Asia’s anticipates the plot to draw in around ten bidders, with the leading quote stretching from $Five hundred Fifty to $Six hundred psf ppr.
” The executive condominium location at Tamp St Sixty-two settles in a mature community. Tampines had relatively an amount of BTO commence in the past couple of years as well as there is a sizable group of potential upgraders planning to elevate to an executive condominium,” it pointed out.
” The outstanding debut of Parc Central Residences create testament to the pool of interest.”
The bidding for the 2 grounds closes on 22Jul.