Lentor Central, Tampines Street 62 Sites Launched For Tender
The URA together with the Housing and Development Board on Thursday 15 April released 2 sites at Lentor Central plus Tamp St Sixty-two (Parcel A) for tender.
Kicked off to sell within the authenticated listing in the first 6 mths 2K21 Government Land Sales Programme, both plots come with a Ninety-nine years leasehold tenancy. In sync, they can return approximately 1,195 residential units.
Zoned for non commercial with retail at 1st storey use, the location at Lentor Central has a surface area of almost 17,280 square meter including a maximum gross floor area of 60thousand 4hundred 80 sq meter. The maximum property ceiling for the plot is Thirty-five m Singapore height datum in the low level zone, and 107 m SHD in the high-rise zone. It could possibly return roughly 6hundred 5 units.
Huttons Asia anticipates the ground to appeal to in excess of 10 prospective buyers, with the top quote going from $1K to $1.05K per square foot per plot ratio.
It defined the plot as “probably the most ideal location under the 1H 2K21 GLS programme”.
” There will be stifled requirement as the last launch in the location was The Calrose in ’05,” it said. “The retail part is going to bring much wished facilities to the vicinity as well as potential advancements.”
The Tampines St Sixty Two plot, nevertheless, has a size of 23thousand 799 square m along with a peak GFA of 59thousand 498 sq meter. Zoned for residential operation, the location has a maximum property elevation of 63 to 64 m SHD. It could possibly return approximately 590 EC units.
Huttons Asia’s counts on the plot to appeal to around 10 bidders, with the leading quote ranging from $5hundred 50 to $600 per square ft ppr.
” The executive condominium site at Tamp Street 62 sits in a fully grown neighbourhood. Tampines had somewhat a number of BTO debut in the recent few years including there is a large group of prospective upgraders hoping to enhance to an executive condominium,” it pointed out.
” The impressive debut of Parc Central Residences bear testament to the pot of demand.”
The tender for both sites discontinues on 22July.