Lentor Central, Tampines Street 62 Sites Launched For Tender
The Urban Redevelopment Authority as well as the Housing and Development Board on Thursday 15 Apr introduced two plots at Lentor Ctrl as well as Tampines St Sixty-two (Parcel A) for bidding.
Released up for sale under the authenticated selection in the first six mths 2021 GLS Programme, both grounds come with a 99-year lease term. Together, the plots can supply around 1,195 housing units.
Region for non commercial with industrial at 1st floor use, the ground at Lentor Ctrl has a surface area of 17,279.9 square meter including a top GFA of 60thousand 4hundred 80 square meter. The peak structure peak for the ground is 35 metres SHD in the low level zone, and 1hundred 7 m Singapore height datum in the high level zone. The property might generate around 6hundred 5 units.
Huttons Asia forecasts the site to attract greater than 10 prospective buyers, with the top proposal ranging from $1thousand to $1.05K per sq foot per plot ratio.
It detailed the plot as “probably the top plot within the first half 2K21 GLS programme”.
” There will certainly be bottled-up call for as the last kick off in the neighborhood was The Calrose in ’05,” it pointed out. “The commercial part will most likely generate much desired facilities to the vicinity furthermore long term developments.”
The Tampines St 62 ground, otherwise, has an area of 23,799.2 sq m and a highest GFA of 59,498 square m. Region for house service, the location has an optimum structure altitude of Sixty-three to Sixty-four m SHD. The property could generate roughly Five hundred ninety EC apartments.
Huttons Asia’s anticipates the location to attract around 10 bidders, with the main quote running from $Five hundred Fifty to $600 per square ft ppr.
” The executive condominium site at Tampines St 62 settles in a mature estate. Tamp had quite a number of BTO debut in the last few yrs also there is a large pot of prospective upgraders seeking to upgrade to an EC,” it mentioned.
” The successful introduce of Parc Central Residences develop evidence to the supply of need.”
The tender for both locations wraps up on 22 Jul.