There are four Confirmed List sites and nine Reserve List sites that can yield a total of 7,045 private residential units and 101,200 sq m of commercial space. Among those sites, there are ten hotel rooms on the Reserve List. These lands are available at a minimum price of $1.2 million. Despite this, these properties are not necessarily the most expensive in Singapore. The price range in the GLS Programme Tampines EC 1H 2021 is significantly higher than that of its 2020 counterpart. The Confirmed List consists of four private residential sites and one Executive Condominium site. The number of homes produced by these sites is 17.2% higher than the total number of units in GLS 2H 2020. This is because more sites are available on the Reserve List than in the Confirmed List.
The Housing & Development Board has announced that it has launched a tender for an EC plot at Tampines Street 62. The EC site is zoned residential with commercial space at the first storey, yielding up to 605 residential units. The winning bidder will be notified of the award decision later. The prevailing land rate is $422 million psf ppr, which is the highest for an EC plot ever. This is the first time such a large plot in Singapore has been sold. It is expected to yield 590 residential units. Despite this high price tag, the EC will be a hot property in the region. The selling price of these properties is expected to be in the S$1,250 per square foot range. The price of the units will be set at about $1,250 psf. This is higher than the current average for EC sites.
The site is located in the quieter part of Tampines and has views of the Quarry Park and Bedok Reservoir. The location is also near educational institutes and is within walking distance to an MRT station. It also comes with full condominium facilities such as a 50-metre swimming pool and a jacuzzi. The price of the Tampines West unit is about $200K cheaper than similar new private units. The development is close to the Changi Business Park and the Changi Aerospace Park.
The site is on a 12.444-square-metre piece of land in Tampines. Developers can expect up to 375 units to be built here. However, there are still many other sites available in the area. The HDB will wait to launch the EC at Tampines Avenue 10 before putting it up for tender. In the meantime, they will likely wait for the overall market demand to determine which of the two sites will be a good fit for the developer.
The new executive condominium site is on the market, with an estimated price range of S$580 to S$630 per square foot. There are up to 10 bidders for the site, and the HDB hopes to close the sale of the project in 2023. The selling price of the Tampines Executive Condominium site is expected to be in the $1300-per-sq-ft range.
The Executive Condominum (EC) at Tampines Street 62 is scheduled to be completed in April 2021. It is located near the highly-rated Tampines Avenue 10 and is surrounded by HDB flats. It is also within walking distance to the proposed Cross Island Line MRT station. The development also offers easy access to a number of amenities including parks, schools, shopping, and the Pasir Ris MRT. The price for new ECs could exceed $1,200 per square foot (psf) when the Tampines plot is launched in early 2021. That is the average selling price of new ECs in Singapore. However, there is a catch. Developers may not be aware of the price range in ECs. They need to have a better understanding of what these sites will fetch before they start their bids.
The latest tender for Tampines Street EC has just opened. The upcoming MRT terminal in the nearby neighbourhood will help to increase its market value. It is also close to the town’s services, including the new upcoming Tampines North MRT station. With this EC development, you can expect to enjoy the benefits of a mature estate as well as a high level of investment potential. The Tampines Street 62 EC site is a prime plot of land in the central part of Singapore, with a site area of 301,391 sq ft. The development could potentially have 700 residential units. The project is located near green spaces and parks, making it an ideal location for investors. The last Executive Condominum in Tampines, Parc Central Residences, was launched in January 2021, and sold 543 units within the first four months.
The tender was launched on 15 April for the executive condominium development on this site. The site has a maximum gross floor area of 59,498 sq ft, and a 99-year leasehold. It is expected to yield around 700 residential units. The site is close to several public amenities, such as the Pasir Ris MRT station, and there are also several parks nearby. The last Executive Condominum in Tampines was Parc Central Residences, which had 700 units. The project was launched in January 2021 and sold out in four months.