Lentor Central, Tampines Street 62 Sites Launched For Tender
The URA along with the HDB on Thursday 15 Apr launched 2 plots at Lentor Ctrl and also Tamp St 62 (Parcel A) for tender.
Introduced for transaction under the confirmed listing in the 1st half 2K21 GLS Programme, both plots holds a 99-year rent tenancy. Jointly, the land can yield around 1,195 household units.
Section for domestic with retail at first level usage, the plot at Lentor Central has a size of almost 17,280 square m and also a maximum GFA of 60thousand 4hundred 80 sq meter. The maximum property tallness for the location is Thirty-five m SHD in the low level zone, and 107 metres SHD in the high level region. It can supply around 605 apartments.
Huttons Asia counts on the location to captivate greater than ten prospective buyers, by having the main proposal ranging from $1thousand to $One thousand Fifty per square foot per plot ratio.
It detailed the ground as “probably the most desired plot under the first half 2021 GLS program”.
” There will most likely be stifled requirement as the last commence in the area was The Calrose in ’05,” it shared. “The retail element is going to offer much wished features to the location as well as future advancements.”
The Tampines Street Sixty Two location, alternatively, possesses an area of 23,799.2 sq m and also a peak gross floor area of 59thousand 498 sq meter. Zoned for household usability, the location has a highest structure peak of Sixty-three to 64 m Singapore height datum. It could yield approximately Five hundred ninety EC units.
Huttons Asia’s projects the location to appeal to as much as 10 bidders, with the premier quote varying from $550 to $600 per square ft ppr.
” The executive condominium ground at Tampines Street 62 positions in a matured community. Tampines had somewhat an amount of BTO commence in the earlier few years also there is a huge pot of possible upgraders seeking to advance to an EC,” it stated.
” The efficient release of Parc Central Residences create testament to the group of need.”
The bidding for the 2 plots concludes on 22 Jul.