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 https://tampinesnorth-ec.com/

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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