Lentor Central, Tampines Street 62 Sites Launched For Tender
The URA as well as the Housing and Development Board on Thursday 15April introduced two plots at Lentor Central plus Tamp St 62 (Parcel A) for bidding.
Kicked off for purchase under the authenticated inventory in the initial 6 mths 2021 Government Land Sales Program, both plots come with a Ninety-nine yrs leasehold term. Together, they can produce roughly 1,195 home units.
Zoned for residential with business at 1st level use, the location at Lentor Ctrl has a size of almost 17,280 sq m as well as a highest gross floor area of 60,480 square m. The top structure ceiling for the ground is 35 m Singapore height datum in the low level region, and One hundred and seven m Singapore height datum in the skyscraper region. It can produce about 605 units.
Huttons Asia foresees the location to captivate more than ten prospective buyers, with the main bid running from $1thousand to $1,050 psf per plot ratio.
It illustrated the ground as “probably the very best ground within the 1H 2021 GLS program”.
” There will be bottled-up call for as the past introduce in the region was The Calrose in 2K05,” it claimed. “The commercial part will most likely supply much required conveniences to the vicinity and also potential growths.”
The Tamp Street Sixty-two plot, on the contrary, possesses a space of 23thousand 799 square meter and also a maximum GFA of 59,498 sq m. Region for housing operation, the site has a max property height of Sixty Three to Sixty Four m SHD. It could possibly generate about Five hundred ninety executive condominium units.
Huttons Asia’s hopes for the location to bring in right up to 10 prospective buyers, with the top proposal ranging from $5hundred 50 to $Six hundred psf ppr.
” The executive condominium plot at Tamp St Sixty-two settles in a mature estate. Tampines had quite a quantity of BTO commence in the past couple of yrs including there is a sizable pool of interested upgraders hoping to upgrade to an EC,” it said.
” The fruitful introduce of Parc Central Residences produce testament to the pot of need.”
The bidding for both sites concludes on 22July.