Lentor Central, Tampines Street 62 Sites Launched For Tender
The URA plus the Housing and Development Board on Thursday 15April commenced 2 locations at Lentor Ctrl along with Tamp St 62 (Parcel A) for tender.
Commenced to sell within the validated inventory in the 1st half 2021 GLS Program, the 2 plots come with a 99-year rent tenancy. Together, they can return approximately 1,195 household units.
Region for residential with business at first level usage, the ground at Lentor Ctrl has an area of almost 17,280 square meter together with a top GFA of 60,480 sq m. The max constructing elevation for the plot is Thirty-five metres Singapore height datum in the low level region, and One hundred and seven metres Singapore height datum in the high level region. The project can return approximately 6hundred 5 units.
Huttons Asia foresees the plot to lure beyond 10 prospective buyers, by having the best bid going from $1thousand to $1.05K psf ppr.
It identified the plot as “perhaps the most desired site within the 1H 2K21 Government Land Sales program”.
” There will certainly be stifled demand as the last launch in the neighborhood was The Calrose in 2K05,” it shared. “The industrial aspect will most likely give much needed facilities to the location along with future growths.”
The Tamp St Sixty Two plot, on the contrary, possesses a surface area of 23thousand 799 square m together with a max gross floor area of 59,498 square m. Region for residential use, the location has a top property elevation of Sixty Three to Sixty Four m Singapore height datum. The project can return roughly 590 executive condominium units.
Huttons Asia’s anticipates the location to lure around ten prospective buyers, with the highest quote stretching from $550 to $600 per sq foot per plot ratio.
” The EC location at Tamp Street Sixty-two sits in a developed estate. Tamp had considerably an amount of Build-To-Order commence in the past couple of years and also there is a sizable pot of possible upgraders looking to elevate to an executive condominium,” it revealed.
” The successful commence of Parc Central Residences develop proof to the pool of demand.”
The bidding for the two grounds wraps up on 22July.