Lentor Central, Tampines Street 62 Sites Launched For Tender
The URA as well as the HDB on Thursday 15April kicked off two grounds at Lentor Ctrl and also Tamp St Sixty Two (Parcel A) for tender.
Released up for sale under the authenticated listing in the initial six mths 2K21 Government Land Sales Programme, the 2 locations come with a 99-year rent tenancy. Collectively, the ground can produce roughly 1thousand 1hundred 95 household units.
Zoned for non commercial with retail at first level convenience, the ground at Lentor Ctrl has a space of 17,279.9 square m together with an optimum gross floor area of 60.48K square meter. The highest property elevation for the plot is Thirty Five metres SHD in the low-rise region, and One hundred and seven metres SHD in the skyscraper zone. The property could possibly return about Six hundred and Five apartments.
Huttons Asia expects the plot to bring in at least ten bidders, by having the highest proposal stretching from $1,000 to $1.05K psf ppr.
It defined the plot as “possibly the most ideal site under the first half 2021 GLS program”.
” There will be stifled requirement as the previous kick off in the neighborhood was The Calrose in ’05,” it mentioned. “The business element will certainly present much needed services to the area also long term advancements.”
The Tampines Street 62 site, otherwise, possesses an area of 23,799.2 square meter and an optimum GFA of 59thousand 498 square m. Zoned for housing usability, the ground has a top property elevation of Sixty Three to Sixty Four m Singapore height datum. It could possibly produce almost 5hundred 90 EC apartments.
Huttons Asia’s hopes for the ground to entice as much as 10 prospective buyers, with the main bid ranging from $Five hundred Fifty to $Six hundred psf ppr.
” The executive condominium ground at Tampines Street 62 rests in a seasoned neighbourhood. Tamp had quite an amount of Build-To-Order release in the last couple of years also there is a big pool of prospective upgraders wanting to enhance to an EC,” it mentioned.
” The successful debut of Parc Central Residences provide testament to the group of demand.”
The tender for the two sites closes on 22July.
