Lentor Central, Tampines Street 62 Sites Launched For Tender
The URA and the Housing and Development Board on Thurs 15Apr launched two sites at Lentor Ctrl and also Tamp St Sixty Two (Parcel A) for tender.
Launched to sell within the authenticated selection in the very first six mths ’21 Government Land Sales Programme, the 2 grounds holds a 99-year leasehold period. Together, they can return around 1thousand 1hundred 95 residence units.
Section for housing with retail at first floor usage, the plot at Lentor Ctrl has a surface area of 17,279.9 sq m together with a max GFA of 60.48K sq meter. The max constructing height for the site is Thirty-five metres SHD in the low-rise region, and 107 m SHD in the skyscraper zone. It can return approximately 605 apartments.
Huttons Asia hopes for the site to captivate beyond ten prospective buyers, with the main bid going from $1thousand to $One thousand Fifty psf per plot ratio.
It illustrated the ground as “probably the most desired site within the first half ’21 Government Land Sales programme”.
” There will most likely be stifled interest as the previous debut in the region was The Calrose in 2K05,” it stated. “The business aspect is going to offer much needed facilities to the region furthermore long term growths.”
The Tampines St Sixty Two site, on the other hand, features a space of 23thousand 799 square m including an optimum gross floor area of 59,498 sq meter. Section for house service, the plot has a max building ceiling of 63 to Sixty Four m SHD. It can produce roughly Five hundred ninety EC units.
Huttons Asia’s counts on the site to bring in as many as ten bidders, with the premier proposal stretching from $Five hundred Fifty to $Six hundred per square foot ppr.
” The EC plot at Tamp St Sixty Two sits in a matured community. Tampines had somewhat an amount of Build-To-Order kick off in the recent couple of yrs and also there is a sizable pot of potential upgraders planning to upgrade to an executive condominium,” it stated.
” The successful release of Parc Central Residences carry proof to the pool of demand.”
The bidding for both grounds wraps up on 22 July.