Lentor Central, Tampines Street 62 Sites Launched For Tender
The Urban Redevelopment Authority along with the HDB on Thursday 15April introduced two locations at Lentor Ctrl along with Tamp Street 62 (Parcel A) for bidding.
Released to sell within the certified listing in the initial half ’21 GLS Program, the two grounds included a 99-year lease period. Jointly, the land can produce more or less One thousand one hundred and ninety five house units.
Zoned for residential with industrial at first level usability, the ground at Lentor Ctrl has a size of 17,279.9 sq m as well as a peak GFA of 60,480 square meter. The optimum building ceiling for the location is Thirty Five metres Singapore height datum in the low-rise zone, and One hundred and seven m Singapore height datum in the high-rise zone. It could yield approximately Six hundred and Five units.
Huttons Asia predicts the plot to draw in beyond 10 prospective buyers, with the main quote stretching from $One thousand to $1,050 psf per plot ratio.
It defined the location as “possibly the most ideal site within the first half 2021 Government Land Sales program”.
” There will be pent-up demand as the previous launch in the region was The Calrose in ’05,” it stated. “The business component will certainly bring much required features to the location along with future progressions.”
The Tampines St 62 ground, on the contrary, possesses a space of 23thousand 799 sq meter along with a max gross floor area of 59thousand 498 square m. Zoned for domestic usability, the ground has a highest structure altitude of 63 to Sixty Four metres Singapore height datum. It might produce nearly 5hundred 90 executive condominium units.
Huttons Asia’s looks forward to the location to attract around 10 prospective buyers, with the leading proposal varying from $550 to $6hundred per square ft per plot ratio.
” The EC plot at Tamp Street Sixty-two sits in a mature community. Tamp had somewhat an amount of BTO kick off in the earlier few yrs and also there is a huge pool of prospective upgraders looking to elevate to an executive condominium,” it shared.
” The excellent kick off of Parc Central Residences create testament to the group of interest.”
The tender for the two locations discontinues on 22July.
