Lentor Central, Tampines Street 62 Sites Launched For Tender
The Urban Redevelopment Authority as well as the Housing and Development Board on Thurs 15Apr introduced 2 plots at Lentor Central plus Tampines St 62 (Parcel A) for bidding.
Launched up for sale within the confirmed list in the 1st six mths ’21 GLS Program, the two plots come with a 99-year leasehold tenure. In sync, they can generate around 1,195 home units.
Section for household with retail at 1st storey usage, the location at Lentor Central has a size of 17.28K square meter as well as a highest GFA of 60.48K sq meter. The optimum property height for the location is Thirty-five m SHD in the low level region, and 1hundred 7 metres SHD in the high level zone. The project might return almost Six hundred and Five units.
Huttons Asia forecasts the site to captivate more than ten prospective buyers, with the best quote stretching from $1K to $One thousand Fifty psf per plot ratio.
It summarized the ground as “most likely the most desired plot within the 1H 2K21 Government Land Sales programme”.
” There will be stifled interest as the previous launch in the neighborhood was The Calrose in 2K05,” it stated. “The commercial part will most likely give much required facilities to the location also future progressions.”
The Tampines St 62 plot, meanwhile, offers a size of 23,799.2 square meter as well as a peak gross floor area of 59thousand 498 square m. Region for household usability, the site has a max constructing peak of 63 to 64 m SHD. It can yield about 5hundred 90 EC units.
Huttons Asia’s projects the site to attract right up to 10 prospective buyers, with the top proposal going from $Five hundred Fifty to $600 psf ppr.
” The EC location at Tamp Street 62 settles in a seasoned estate. Tampines had relatively an amount of BTO release in the recent couple of years also there is a sizable group of prospective upgraders seeking to elevate to an executive condominium,” it claimed.
” The outstanding introduce of Parc Central Residences create testament to the pool of demand.”
The bidding for the two grounds terminates on 22 Jul.