Lentor Central, Tampines Street 62 Sites Launched For Tender
The Urban Redevelopment Authority plus the Housing and Development Board on Thursday 15 April kicked off 2 sites at Lentor Central also Tamp St Sixty Two (Parcel A) for tender.
Introduced for transaction under the confirmed selection in the initial 6 mths 2K21 Government Land Sales Programme, the 2 plots possessed a 99-year rent tenure. With each other, the ground can produce more or less One thousand one hundred and ninety five house units.
Zoned for residence with business at 1st floor usage, the plot at Lentor Ctrl has a surface area of 17,279.9 square meter including a maximum gross floor area of 60.48K square meter. The peak structure elevation for the location is Thirty Five metres SHD in the low-rise zone, and 107 metres Singapore height datum in the high level region. It could possibly produce roughly 6hundred 5 apartments.
Huttons Asia hopes for the location to draw in greater than 10 prospective buyers, with the top proposal going from $One thousand to $One thousand Fifty per sq foot ppr.
It identified the site as “perhaps the most ideal plot within the 1H 2K21 GLS programme”.
” There are going to be suppressed interest as the last release in the neighborhood was The Calrose in ’05,” it shared. “The commercial piece will most likely bring much desired services to the region also long term progressions.”
The Tampines Street Sixty Two site, meanwhile, offers a surface area of 23,799.2 square meter together with an optimum GFA of 59thousand 498 square m. Zoned for housing service, the site has a peak property peak of Sixty Three to Sixty-four metres SHD. The project could supply roughly 590 executive condominium units.
Huttons Asia’s foresees the ground to bring in approximately 10 prospective buyers, with the leading bid varying from $5hundred 50 to $600 psf per plot ratio.
” The executive condominium site at Tampines St 62 positions in a fully grown estate. Tampines had quite an amount of BTO kick off in the past few yrs also there is a large pot of potential upgraders hoping to elevate to an executive condominium,” it pointed out.
” The impressive introduce of Parc Central Residences carry testimony to the supply of interest.”
The tender for the 2 sites terminates on 22July.