Lentor Central, Tampines Street 62 Sites Launched For Tender
The URA and the Housing and Development Board on Thursday 15Apr released 2 lands at Lentor Ctrl and also Tamp Street 62 (Parcel A) for bidding.
Launched to sell under the certified list in the first half ’21 Government Land Sales Programme, the 2 sites included a Ninety-nine years leasehold tenure. Combined, the ground can return about 1.195k home units.
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Zoned for domestic with retail at first level service, the plot at Lentor Central has a size of almost 17,280 sq meter as well as an optimum gross floor area of 60thousand 4hundred 80 sq m. The top constructing tallness for the site is 35 metres SHD in the low level zone, and 1hundred 7 m SHD in the high-rise region. The project could return nearly 605 units.
Huttons Asia hopes for the site to appeal to in excess of 10 bidders, by having the best quote running from $1K to $One thousand Fifty per square ft per plot ratio.
It explained the plot as “possibly the very best location within the 1H 2K21 Government Land Sales programme”.
” There will certainly be pent-up need as the past launch in the neighborhood was The Calrose in ’05,” it claimed. “The commercial segment will generate much needed amenities to the location also future advancements.”
The Tamp St Sixty-two ground, alternatively, features a size of 23thousand 799 sq m as well as an optimum gross floor area of 59,498 square m. Section for domestic use, the plot has a max constructing altitude of Sixty Three to Sixty Four metres Singapore height datum. It can generate roughly 590 executive condominium units.
Huttons Asia’s counts on the site to captivate around ten bidders, with the top quote ranging from $Five hundred Fifty to $6hundred psf ppr.
” The EC site at Tamp St Sixty Two rests in a matured neighbourhood. Tampines had relatively a number of BTO release in the recent few yrs including there is a large pot of interested upgraders seeking to elevate to an executive condominium,” it pointed out.
” The impressive commence of Parc Central Residences create testament to the pot of need.”
The tender for both locations concludes on 22 July.