Lentor Central, Tampines Street 62 Sites Launched For Tender
The URA as well as the HDB on Thurs 15 Apr introduced 2 lands at Lentor Ctrl plus Tampines Street Sixty-two (Parcel A) for tender.
Commenced for purchase within the validated inventory in the first 6 mths ’21 GLS Program, both lands come with a Ninety Nine years lease tenure. In sync, they can generate around 1,195 household units.
Zoned for residential with business at 1st storey usage, the plot at Lentor Ctrl has a surface area of almost 17,280 square meter and a max gross floor area of 60,480 square meter. The max property tallness for the location is 35 metres SHD in the low level region, and 1hundred 7 metres Singapore height datum in the high-rise zone. It can yield around 6hundred 5 apartments.
Huttons Asia forecasts the location to lure greater than ten prospective buyers, by having the main bid stretching from $1K to $1,050 psf ppr.
It described the location as “most likely the optimal location within the 1H 2021 GLS programme”.
” There will be stifled requirement as the previous debut in the neighborhood was The Calrose in 2K05,” it reported. “The commercial segment will most likely generate much desired amenities to the vicinity and long term growths.”
The Tamp Street Sixty-two plot, meanwhile, has a size of 23thousand 799 square m plus a top GFA of 59,498 sq m. Zoned for domestic use, the ground has a maximum property elevation of Sixty Three to Sixty Four m Singapore height datum. The property can supply nearly 5hundred 90 EC apartments.
Huttons Asia’s hopes for the location to lure approximately 10 prospective buyers, with the top proposal stretching from $550 to $Six hundred per square ft ppr.
” The EC site at Tampines St Sixty Two settles in a matured estate. Tampines had quite an amount of Build-To-Order launches in the past couple of years as well as there is a huge pool of possible upgraders seeking to upgrade to an EC,” it shared.
” The rewarding commence of Parc Central Residences carry proof to the supply of need.”
The bidding for both grounds discontinues on 22 Jul.