Lentor Central, Tampines Street 62 Sites Launched For Tender
The Urban Redevelopment Authority along with the Housing and Development Board on Thurs 15 April launched two plots at Lentor Central along with Tamp St 62 (Parcel A) for tender.
Launched up for sale within the verified listing in the 1st 6 months ’21 GLS Program, both locations holds a 99 years leasehold tenancy. Together, the ground can yield approximately 1.195k residence units.
Zoned for household with commercial at 1st storey use, the plot at Lentor Central has a space of almost 17,280 square meter along with a max GFA of 60,480 square m. The optimum building height 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 can yield around Six hundred and Five apartments.
Huttons Asia counts on the location to appeal to beyond ten prospective buyers, with the top proposal running from $One thousand to $One thousand Fifty psf ppr.
It identified the plot as “possibly the most ideal ground within the first half 2K21 Government Land Sales programme”.
” There will be bottled-up demand as the previous release in the vicinity was The Calrose in 2005,” it pointed out. “The commercial aspect is going to generate much needed services to the area furthermore long term growths.”
The Tampines St Sixty Two site, on the other hand, possesses a size of 23,799.2 sq m as well as an optimum gross floor area of 59thousand 498 sq m. Section for house use, the plot has a peak constructing altitude of Sixty Three to 64 m SHD. The property could possibly yield nearly 5hundred 90 executive condominium units.
Huttons Asia’s expects the location to entice around 10 prospective buyers, with the main quote going from $5hundred 50 to $600 per square ft per plot ratio.
” The EC ground at Tampines Street Sixty-two settles in a fully grown neighbourhood. Tamp had quite an amount of Build-To-Order release in the past few years as well as there is a substantial pot of possible upgraders planning to enhance to an EC,” it said.
” The triumphant launch of Parc Central Residences bear testimony to the pool of demand.”
The tender for both grounds concludes on 22July.