Selling points of Tampines St 62 EC
2 99-year leasehold plots provided as part of the Government Land Sales Program have each fetched nine quotes at state tenders on Thursday.
One is a plot for an exclusive housing development with commercial room on the 1st storey, situated next to the upcoming Lentor MRT station on the Thomson-East Coast Line; and also another is a land parcel for an exec condo (EC) housing along Tampines Street 62. ECs are a public-private real estate hybrid.
For the EC plot in Tampines St. 62, the top quote of S$ 422mil or virtually S$ 659 psf ppr tendered by a consortium consisting of a Qingjian Real estate as well as Octava Pte Ltd joint venture and Santarli Realty.
Likely you believe the Tampines St 62 EC price should have been lower, time to compare with Canninghill Piers which will be rolled out above $3,000.
The Tampines St 62 EC project is about 1 kilometre from the Pasir Ris MRT terminal, near nature parks such as Tampines Eco Eco-friendly Park as well as Tampines North Blvd Park. It is also situated towards the south of Tampines Meridian Junior College. Close-by colleges are Poi Ching Primary School, Gongshang Pri school, Elias Pri school, and so on.
Image from: Tampines St 62 EC https://tampinesnorth-ec.com/
Tampines has had a number of HDB Build-To-Order launches in the past few years, offering a large swimming pool of potential upgraders to ECs.
Tampines St 62 EC remains in the first Regional Centre in Singapore and also mature estate with renewed rejuvenation. There will be lots of opportunities beyond 2030 – 800 hectares of transformation at your doorstep with the moving Paya Lebar Airbase in 2030.
Tampines is a preferred location with EC customers. Parc Central Residences at Tampines St 86, which was released in H1 2021, is around 86% sold, accomplishing a mean cost of above $1,170 psf.
real estate developers have actually constantly been positive concerning ECs, due to the fact that these are a few of the a lot more sought-after home kinds. ECs are a cross between public and also exclusive housing; they are just HDB residential properties for the ground 10 years, and also are fully exclusive afterwards.
Tampines is the preparation area and household town in the geographical region of Tanah Merah situated along the north-eastern coastline of the East Area of Singapore. The preparation location is bordered by Bedok as well as Paya Lebar to the west, Pasir Ris to the north, Changi to the eastern, as well as the Singapore Straits to the south. Tampines New Community is located in the northern section of Tampines intending area.
