Month: August 2021

Is another condo in Tanah Merah Kechil Link worth buying?

Tenders for Tanah Merah Residence at Kechil Link sites closed with quotes ‘over assumptions’. The tenders for two confirmed-list domestic sites under the Government Land Sales (GLS) program for the first half of the year closed on 29 October 2020. The two 99-year leasehold land parcels – at Tanah Merah Kechil Link and also Yishun Avenue 9 – marketed by the Urban Redevelopment Authority (URA) as well as the Housing Board (HDB) respectively, were the first GLS tenders to shut from the pandemic started. Amid the economic downturn, the bids were typically over expectations, experts say.

The land parcel in Tanah Merah Kechil Link is for a combined household development, with the initial storey stated for business space. An attractive attribute of this site is its location straight before the Tanah Merah MRT station– it is the closest to the terminal’s entrance compared to the surrounding condominium growths. Currently, the Tanah Merah MRT terminal is one station from the Expo MRT interchange station which is additionally connected to the Downtown Line. The Expo terminal will likewise be attached to the Thomson-East Coast Line (TEL) which will additionally boost the availability to the city and northern parts of Singapore when the TEL is ready from 2024.

Source: Tanah Merah Kechil Link

Tanah Merah MRT

The push for decentralisation– in the middle of improvement in public transport – has drawn in numerous firms to establish their visibility in regional industrial centers such as in Paya Lebar and also Tampines. For example, the Tampines Regional Centre has actually become an area for many financial institutions’ back-office functions, while Paya Lebar has actually become a lively live-work-play destination with developments including incorporated advancement Paya Lebar Quarter, Paya Lebar Square and SingPost Centre. Not forgetting the busy Changi Business Park close by, which is home to several modern technology companies as well as financial services business.

At the same time, enthusiastic customers will certainly not have to look much for some shopping, given that the task will certainly provide commercial stores on the very beginning. Beyond that, there are lots of other retail offerings and also event spaces around such as the Singapore Expo, Changi City Point, Bedok Mall, Bedok Point, East Point, as well as obviously the enormous Jewel Changi Airport, which not just houses a thorough mix of F&B, retail and also lifestyle options yet additionally the 40-metre high HSBC Rain Vortex– the globe’s highest indoor falls.

Tanah Merah East Living

Compared with the various other GLS websites for the first half 2020 for both the confirmed and book lists, the Tanah Merah Kechil Link parcel additionally has the smallest GFA, which would need less capital requirement and thus, less economic threat to develop.

Future resident wanting to lease the system to expatriate family members would certainly be heartened to understand that there are 2 worldwide institutions – Nexus international institution in Aljunied and also United World College South East Asia (East Campus) in Tampines– that are a short car ride away.

Tanah Merah is a geographical region situated along the south-eastern coast of the East Region of Singapore. Although its borders aren’t exactly clear, it is commonly widely approved that term “Tanah Merah”, is used to refer to the southerly coastline of present-day Bedok, Tampines, Changi and Changi Bay.

Initial introduction about Tampines St 62 EC

2 99-year leasehold sites used as part of the Government Land Sales Programme have each fetched nine quotes at state tenders that closed on Thursday.

One is a land parcel for an exclusive housing development with shopping space on the 1st floor, situated next to the upcoming Lentor MRT station on the Thomson-East Coast Line; as well as an additional is a site for an executive condominium (EC) real estate along Tampines St. 62. ECs are a public-private housing crossbreed.

For the EC plot in Tampines St 62, the leading proposal of S$ 422M or almost S$ 659 psf ppr tendered by a consortium comprising a Qingjian Real estate and Octava Pte Ltd joint venture and Santarli Realty.

Even though it sounds pretty expensive for such a mass market real estate project, compared with Canninghill Piers which will be launched soon, the launch price is really quite attractive.

The Tampines St 62 EC project is approximately 1 km from the Pasir Ris MRT station, near nature parks such as Tampines Eco Environment-friendly Park and Tampines North Blvd Park. It is likewise located towards the south of Tampines Meridian JC. Neighboring colleges are Poi Ching Primary School, Gongshang Pri school, Elias Primary, and so on.

Image from: Tampines St 62 EC

Tampines St 62 EC location map

Tampines has had a variety of HDB Build-To-Order launches in the past couple of years, supplying a large pool of prospective upgraders to ECs.

Tampines North blueprint

Tampines St 62 EC is in the 1st Regional Centre in Singapore and also mature estate with renewed rejuvenation. There will be lots of opportunities past 2030 – 800 hectares of transformation at your front door with the moving Paya Lebar Airbase in 2030.
Tampines is a popular location with EC customers. Parc Central Residences at Tampines St. 86, which was introduced in Q1 this year, is about 86% sold, achieving an average price of above $1,170 psf.

Tampines North Boulevard Park

Piermont Grand was sold at a median rate of $1,151 psf, and Parc Central Residences at $1,173 psf. As a result, a typical asking price of over $1,200 psf for new ECs could be breached when the Tampines St 62 EC is introduced.

Tampines is the planning location and also residential community in the geographical region of Tanah Merah located along the north-eastern shore of the East Region of Singapore. The preparation location is bordered by Bedok and Paya Lebar to the west, Pasir Ris to the north, Changi to the east, and the Singapore Straits to the south. Tampines New Town lies in the northern part of Tampines intending location.

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