Lentor Central, Tampines Street 62 Sites Launched For Tender
The Urban Redevelopment Authority together with the Housing and Development Board on Thursday 15April commenced 2 sites at Lentor Central and Tampines St Sixty Two (Parcel A) for bidding.
Commenced to sell under the verified list in the 1st 6 mths 2K21 GLS Program, both locations holds a Ninety Nine years leasehold term. Together, the plots can return about 1.195k domestic units.
Zoned for non commercial with commercial at first floor operation, the plot at Lentor Ctrl has a space of 17.28K square meter as well as a highest gross floor area of 60.48K square m. The max constructing elevation for the location is Thirty Five m Singapore height datum in the low level zone, and 107 metres SHD in the skyscraper region. It can produce around Six hundred and Five units.
Huttons Asia counts on the location to bring in at least ten bidders, by having the premier bid varying from $1,000 to $1,050 per sq ft ppr.
It detailed the location as “probably the most desired site within the 1H 2021 GLS program”.
” There will certainly be pent-up requirement as the previous kick off in the region was The Calrose in ’05,” it claimed. “The commercial part is going to give much needed amenities to the area also long term progressions.”
The Tamp St Sixty-two location, on the other hand, possesses an area of 23thousand 799 sq meter along with a top gross floor area of 59,498 sq m. Zoned for housing operation, the ground has a top constructing altitude of Sixty-three to 64 metres SHD. The project could possibly generate approximately 5hundred 90 executive condominium apartments.
Huttons Asia’s expects the site to attract approximately ten bidders, with the best bid ranging from $Five hundred Fifty to $600 psf ppr.
” The EC location at Tamp St 62 rests in a seasoned neighbourhood. Tampines had considerably an amount of BTO commence in the earlier few years also there is a sizable pot of potential upgraders seeking to upgrade to an EC,” it reported.
” The prosperous kick off of Parc Central Residences carry testament to the pot of interest.”
The bidding for the two grounds ends on 22 July.