Qingjian Realty Developer for Tampines Street 62 EC GLS Programme
The Housing & Development Board has released a public tender for a prime EC site at Tampines Street 62. This EC plot is part of the Reserve List for the GLS programme. Bid evaluation is expected to start in July 2021. The highest bid is estimated to be $550 – S$600 psf ppr. The plot is close to town services and a fully developed estate, making it ideal for executive living.
The Tampines EC site was launched for sale on 15 April. Its maximum gross floor area is 59,498 square feet, with 99-year leasehold. The highest selling price of the land at this EC site is expected to be around S$1,300 psf. Its selling price is predicted to be around S$1,250 – S$1,300 psf. In comparison, a land plot at Tengah Garden Walk EC site was listed at $603 per square foot/plot ratio.
The Tampines EC site will have a maximum gross floor area of 59,498 square feet (Sqm). The land will have a 99-year lease term and maximum building height of 63 to 64 m SHD. The project is expected to produce about 590 units of affordable housing. The Tender for Tampines EC is expected to close on 22 July. The price per square foot is estimated to be S$1,250 to S$1,300.
Developers for Tampines EC are keen to look for a site near Tampines MRT station for their next project. Tampines Street 62 EC is situated near the MRT Station and close to the New Hampines Hub which offers various sports facilities, a regional library, arts programme, hawker centre, and more. The Tampines shopping mall and Pasir Ris central are nearby. If you’re a fan of high-end shopping, you can visit Ikea, Courts, Giant hypermart, and even Pasir Ris Central.
Tampines EC project is expected to generate a gross floor area of 59,498 sq m and consists of two separate blocks, Tampines Street 61 and 62 (Parcel B). It sits on a total of 23,799 sq m of land and is expected to yield 595 residential units. This project is near Pasir Ris MRT station and Tampines Eco Green Park.
The Tampines Street 62 EC has a total site area of 23 thousand 799 square metres with a top gross floor area of 59,498 sq m. It is zoned for housing operation and its top constructing altitude ranges from 63-64″ SHD. Tampines EC development is expected to yield about 590 executive condominium apartments. Huttons Asia has said that it expects to receive ten bidders. The best bid may be $500 per sq m.
The Qingjian Realty and Santarlian Construction Tampines EC is a planned residential development in Singapore. The development site is bigger than most private condominiums, with an estimated yield of 700 dwelling units. It is also close to the Tampines North Boulevard Park and Pasir Ris MRT station. It is in a strategic location and surrounded by ecological green space and nature parks.
Tampines EC development is one of the first executive condominiums in the east since 2012. It will be developed along Tampines Street 62, which will provide easy access to MRT stations. The property is near a number of shopping malls, as well as good schools. It is also near the public transportation system. The Tampines EC will have a complete amenities hub, so residents will be able to stay close to their workplaces and school.
Tampines EC has been in the works for a while, and is set to launch in the second half of 2022. Tampines EC site has 595 dwelling units and is located near Giant, Ikea, and Courts Megamart. It is expected to attract a large number of applicants. It is expected to cost S$422 million and has a high resale value.
The first phase of this government land sales programme for Tampines EC aims to supply seven thousand and forty five units. This phase will feature four Confirmed List sites and nine Reserve List sites. The total supply of the first half of 2021 GLS Programme is expected to be sufficient to cater to housing needs over the next four to five years. The remaining sites will be put up for tender.