The Urban Redevelopment Authority and the Housing and Development Board on Thursday 15 Apr introduced two lands at Lentor Ctrl as well as Tampines St 62 (Parcel A) for tender.
Introduced for sale within the confirmed list in the 1st six months 2021 GLS Programme, both lands holds a 99-year rent tenure. Together, they can yield roughly 1,195 housing units.
Zoned for non commercial with industrial at first level use, the site at Lentor Central has a space of 17.28K square m together with a peak gross floor area of 60thousand 4hundred 80 sq meter. The peak property tallness for the ground is Thirty-five metres Singapore height datum in the low-rise region, and 1hundred 7 m SHD in the skyscraper region. The project can produce approximately 6hundred 5 units.
Huttons Asia predicts the location to captivate greater than ten prospective buyers, by having the leading proposal running from $1thousand to $1thousand 50 per square foot per plot ratio.
It summarized the site as “probably the most desired plot under the first half 2021 Government Land Sales program”.
” There will most likely be bottled-up demand as the previous launch in the region was The Calrose in ’05,” it mentioned. “The industrial aspect will certainly offer much desired facilities to the vicinity plus potential developments.”
The Tamp Street Sixty-two location, nevertheless, features an area of 23thousand 799 sq m including a highest GFA of 59thousand 498 sq m. Zoned for housing service, the location has a max structure elevation of 63 to 64 m Singapore height datum. The property might yield nearly 590 EC apartments.
Huttons Asia’s counts on the site to appeal to as much as ten prospective buyers, with the best quote stretching from $Five hundred Fifty to $Six hundred psf ppr.
” The executive condominium ground at Tampines Street 62 positions in a developed neighbourhood. Tampines had somewhat an amount of Build-To-Order release in the earlier couple of yrs including there is a big group of interested upgraders considering to advance to an executive condominium,” it mentioned.
” The prosperous release of Parc Central Residences deliver evidence to the pot of interest.”
The tender for the two locations discontinues on 22Jul.