Lentor Central, Tampines Street 62 Sites Launched For Tender
The Urban Redevelopment Authority together with the HDB on Thurs 15April launched two locations at Lentor Ctrl as well as Tamp Street Sixty Two (Parcel A) for bidding.
Released for purchase within the verified list in the very first 6 mths ’21 Government Land Sales Program, both sites included a Ninety-nine yrs lease period. In sync, the ground can return approximately 1thousand 1hundred 95 household units.
Region for household with retail at first level usability, the ground at Lentor Ctrl has a size of 17,279.9 square meter along with a peak GFA of 60,480 square m. The highest building ceiling for the location is Thirty-five m SHD in the low level zone, and 1hundred 7 m SHD in the high level region. The project could possibly yield about 605 units.
Huttons Asia projects the site to lure in excess of 10 prospective buyers, with the premier proposal stretching from $1thousand to $1thousand 50 psf ppr.
It summarized the plot as “probably the most ideal plot within the first half 2021 Government Land Sales program”.
” There will most likely be pent-up call for as the past kick off in the region was The Calrose in 2005,” it mentioned. “The retail aspect will provide much wished features to the neighborhood and potential progressions.”
The Tamp St 62 site, alternatively, has an area of 23,799.2 square meter as well as a peak GFA of 59thousand 498 sq meter. Zoned for residential operation, the location has a top structure elevation of Sixty-three to Sixty Four metres Singapore height datum. It might supply around 590 EC units.
Huttons Asia’s foresees the ground to appeal to as high as ten prospective buyers, with the premier quote ranging from $5hundred 50 to $Six hundred per sq foot per plot ratio.
” The EC location at Tampines St Sixty-two settles in a fully grown neighbourhood. Tampines had considerably an amount of Build-To-Order release in the recent couple of yrs also there is a big group of interested upgraders aiming to progress to an EC,” it mentioned.
” The successful launch of Parc Central Residences develop evidence to the group of interest.”
The bidding for the 2 grounds ends on 22 July.