Lentor Central, Tampines Street 62 Sites Launched For Tender
The Urban Redevelopment Authority plus the Housing and Development Board on Thurs 15Apr launched 2 grounds at Lentor Central together with Tampines Street 62 (Parcel A) for bidding.
Released up for sale within the verified selection in the very first half ’21 GLS Programme, the two locations possessed a Ninety Nine years rent tenure. Jointly, they can return approximately One thousand one hundred and ninety five domestic units.
Region for household with business at 1st floor use, the plot at Lentor Central has a size of 17,279.9 square meter and a top gross floor area of 60.48K square meter. The highest property height for the plot is Thirty Five m SHD in the low level zone, and 1hundred 7 m Singapore height datum in the high-rise zone. The project can return approximately 605 apartments.
Huttons Asia foresees the site to lure at least 10 bidders, by having the best proposal running from $1K to $1thousand 50 per sq foot per plot ratio.
It summarized the location as “most likely the leading ground within the first half 2K21 Government Land Sales program”.
” There will be pent-up interest as the last kick off in the area was The Calrose in 2K05,” it pointed out. “The retail part is going to bring much desired conveniences to the area and future advancements.”
The Tamp Street Sixty-two plot, nevertheless, possesses a surface area of 23thousand 799 sq m as well as a max gross floor area of 59,498 sq meter. Region for residence usability, the plot has a top building height of Sixty Three to Sixty-four m SHD. It can return nearly 590 EC apartments.
Huttons Asia’s looks forward to the location to bring in as many as ten prospective buyers, with the main bid ranging from $Five hundred Fifty to $600 psf per plot ratio.
” The EC plot at Tamp Street Sixty Two positions in a matured neighbourhood. Tampines had relatively a quantity of Build-To-Order debut in the last few yrs as well as there is a substantial pot of possible upgraders looking to elevate to an EC,” it reported.
” The impressive debut of Parc Central Residences carry proof to the group of need.”
The bidding for the 2 sites terminates on 22 July.