Lentor Central, Tampines Street 62 Sites Launched For Tender
The Urban Redevelopment Authority together with the Housing and Development Board on Thurs 15April debuted two plots at Lentor Central and Tamp Street Sixty Two (Parcel A) for tender.
Kicked off up for sale within the authenticated selection in the initial 6 mths ’21 Government Land Sales Program, both lands included a 99-year rent tenure. Combined, they can return close to One thousand one hundred and ninety five residence units.
Section for residence with business at 1st floor usability, the ground at Lentor Central has a space of 17,279.9 sq m including a max gross floor area of 60.48K square meter. The optimum structure tallness for the ground is 35 metres SHD in the low level zone, and 107 m SHD in the skyscraper zone. It can generate around 605 units.
Huttons Asia expects the plot to appeal to at least 10 bidders, with the best quote running from $One thousand to $1.05K per square ft ppr.
It defined the ground as “most likely the very best site within the 1H 2021 GLS programme”.
” There will certainly be pent-up demand as the previous introduce in the neighborhood was The Calrose in ’05,” it mentioned. “The commercial element will certainly give much needed features to the neighborhood along with future advancements.”
The Tampines Street 62 plot, alternatively, offers a surface area of 23thousand 799 square m and also a maximum GFA of 59,498 square m. Section for housing operation, the plot has a peak constructing altitude of Sixty Three to Sixty Four m SHD. It could supply almost Five hundred ninety EC apartments.
Huttons Asia’s projects the site to captivate as many as 10 bidders, with the premier quote stretching from $Five hundred Fifty to $600 per sq ft ppr.
” The EC plot at Tampines Street Sixty-two rests in a fully grown estate. Tampines had somewhat an amount of BTO launches in the last couple of yrs also there is a large pot of interested upgraders hoping to elevate to an executive condominium,” it stated.
” The efficient introduce of Parc Central Residences form testament to the pool of interest.”
The tender for both sites wraps up on 22Jul.