The site at Lentor Central has an area of 17,279.9 sq m and a maximum gross floor area (GFA) of 60,480 sq m. Photo: URA
The Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB) on Thursday (15 April) launched two sites at Lentor Central and Tampines Street 62 (Parcel A) for tender.
Launched for sale under the confirmed list in the first half 2021 Government Land Sales (GLS) Programme, the two sites come with a 99-year leasehold tenure. Together, they can yield around 1,195 residential units.
Zoned for residential with commercial at first storey use, the site at Lentor Central has an area of 17,279.9 sq m and a maximum gross floor area (GFA) of 60,480 sq m. The maximum building height for the site is 35 metres Singapore height datum (SHD) in the low-rise zone, and 107 metres SHD in the high-rise zone. It could yield about 605 units.
Huttons Asia expects the site to attract more than 10 bidders, with the top bid ranging from $1,000 to $1,050 per sq ft per plot ratio (psf ppr).
It described the site as “probably the best site under the 1H 2021 GLS programme”.
“There will be pent-up demand as the last launch in the area was The Calrose in 2005,” it said. “The commercial component will provide much needed amenities to the area and future developments.”
The Tampines Street 62 site, on the other hand, has an area of 23,799.2 sq m and a maximum GFA of 59,498 sq m. Zoned for residential use, the site has a maximum building height of 63 to 64 metres SHD. It could yield about 590 executive condominium (EC) units.
Huttons Asia’s expects the site to attract up to 10 bidders, with the top bid ranging from $550 to $600 psf ppr.
“The EC site at Tampines Street 62 sits in a mature estate. Tampines had quite a number of BTO launches in the past few years and there is a large pool of potential upgraders looking to upgrade to an EC,” it said.
“The successful launch of Parc Central Residences bear testament to the pool of demand.”
The tender for the two sites closes on 22 July.
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Cheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email: email@example.com