Lentor Central, Tampines Street 62 Sites Launched For Tender
The URA and the Housing and Development Board on Thurs 15Apr released two lands at Lentor Central plus Tampines St Sixty-two (Parcel A) for tender.
Launched for transaction under the certified listing in the initial half ’21 GLS Program, both locations come with a 99-year rent term. Combined, they can supply close to 1,195 household units.
Section for domestic with business at 1st storey usage, the location at Lentor Central has an area of almost 17,280 square m as well as a top gross floor area of 60thousand 4hundred 80 square meter. The optimum constructing elevation for the plot is Thirty-five metres SHD in the low-rise zone, and 1hundred 7 m Singapore height datum in the high level zone. It can return nearly 6hundred 5 apartments.
Huttons Asia looks forward to the plot to bring in more than ten bidders, by having the premier bid running from $1,000 to $1,050 psf ppr.
It defined the location as “most likely the greatest plot within the first half 2021 GLS programme”.
” There are going to be pent-up call for as the previous kick off in the region was The Calrose in ’05,” it revealed. “The industrial part is going to provide much desired conveniences to the neighborhood along with long term advancements.”
The Tamp Street 62 site, meanwhile, offers an area of 23,799.2 square meter and also a top gross floor area of 59thousand 498 sq meter. Region for housing service, the plot has a highest property altitude of Sixty Three to Sixty Four metres Singapore height datum. The property can produce about 590 executive condominium units.
Huttons Asia’s hopes for the site to captivate almost ten prospective buyers, with the top bid stretching from $550 to $600 psf ppr.
” The executive condominium site at Tamp St 62 sits in a matured estate. Tampines had somewhat a number of Build-To-Order debut in the earlier few yrs as well as there is a large group of potential upgraders looking to advance to an executive condominium,” it pointed out.
” The excellent commence of Parc Central Residences form testament to the supply of demand.”
The tender for the 2 sites concludes on 22Jul.