2 99-year leasehold sites used as part of the Government Land Sales Program have each brought nine proposals at state tenders on Thursday.
One is a land parcel for a residential housing development with commercial area on the 1st floor, located next to the upcoming Lentor MRT terminal on the Thomson-East Shore Line; and also one more is a site for an exec condo (EC) real estate along Tampines Street 62. ECs are a public-private housing hybrid.
For the EC site in Tampines St 62, the leading proposal of S$ 422 million or almost S$ 659 psf ppr offered by a consortium making up a Qingjian Realty as well as Octava Pte Ltd joint venture and Santarli Realty.
Probably people think the Tampines St. 62 EC price is high, time to think about Canninghill Piers which will be sold around $3,000.
The Tampines St 62 EC project is roughly 1 km from the Pasir Ris MRT station, near nature parks such as Tampines Eco Green Park as well as Tampines North Boulevard Park. It is likewise located in the direction of the south of Tampines Meridian Junior College. Nearby institutions are Poi Ching Primary School, Gongshang Primary, Elias Primary, and so on.
From: Tampines St 62 EC https://tampinesnorth-ec.com/
Tampines has had a number of HDB Build-To-Order launches in the past couple of years, supplying a huge pool of possible upgraders to ECs.
REASONS TO BUY Tampines St 62 EC? Assistant supervisor of research study and also working as a consultant stated a strong selling point is the plot’s closeness to the upcoming Tampines North MRT station as well as facilities in Tampines community.
The present average transacted prices for new EC houses marketed by developers in 2Q2021 is $1,154 psf. This colony rate will make all the existing EC projects relatively inexpensive comparative.
The positive top proposal reflects a favorable outlook on EC costs along with solid expectation for residential developments as a result of realty companies’ decreasing supply of unsold units.
Real estate companies have always been positive about ECs, due to the fact that these are a few of the a lot more in-demand residential or commercial property types. ECs are a cross between public and also private real estate; they are just HDB properties for the very first 10 years, and also are completely personal after that.
Tampines is the third-largest brand-new town in Singapore by area, covering over 2089 hectares of land, as well as likewise is the third most inhabited new community, adhering to Bedok as well as Jurong West. It is the local centre for the East Region.