Lentor Central, Tampines Street 62 Sites Launched For Tender
The Urban Redevelopment Authority and the Housing and Development Board on Thurs 15Apr released two grounds at Lentor Central along with Tamp Street Sixty-two (Parcel A) for bidding.
Introduced to sell within the validated selection in the very first 6 months 2K21 GLS Program, the two grounds holds a 99-year rent period. Collectively, the land can generate approximately 1thousand 1hundred 95 household units.
Region for housing with business at 1st level convenience, the plot at Lentor Central has a size of 17.28K sq m along with a max GFA of 60,480 square meter. The top property ceiling for the ground is Thirty Five m SHD in the low-rise zone, and 107 metres Singapore height datum in the high-rise zone. The project might produce about Six hundred and Five units.
Huttons Asia foresees the site to captivate beyond ten prospective buyers, by having the top quote stretching from $1,000 to $1.05K per sq ft per plot ratio.
It defined the location as “most likely the most desired plot within the 1H ’21 GLS program”.
” There will most likely be pent-up interest as the previous launch in the vicinity was The Calrose in 2K05,” it mentioned. “The industrial component will most likely furnish much desired features to the vicinity along with future growths.”
The Tampines St 62 plot, on the contrary, offers a space of 23,799.2 square m along with a peak GFA of 59,498 sq m. Zoned for home use, the plot has a max structure elevation of 63 to Sixty-four metres Singapore height datum. It could possibly generate nearly 5hundred 90 executive condominium apartments.
Huttons Asia’s expects the ground to bring in approximately 10 prospective buyers, with the top quote stretching from $550 to $6hundred psf ppr.
” The executive condominium ground at Tampines St 62 settles in a seasoned community. Tampines had considerably a number of Build-To-Order kick off in the past couple of years and there is a huge pot of interested upgraders planning to enhance to an EC,” it pointed out.
” The efficient kick off of Parc Central Residences develop testament to the pool of interest.”
The bidding for both grounds discontinues on 22Jul.