Things to know before you consider Tampines St 62 EC
2 99-year leasehold land parcels provided as part of the Government Land Sales Programme have actually each brought 9 proposals at state tenders that closed on Thursday.
One is a land parcel for an exclusive housing development with commercial room on the first floor, located beside the upcoming Lentor MRT terminal on the Thomson-East Coastline Line; and also an additional is a site for an exec condo (EC) real estate along Tampines Street 62. ECs are a public-private real estate mixture.
For the EC plot in Tampines St 62, the leading quote of S$ 422mil or almost S$ 659 psf ppr originated from a consortium making up a Qingjian Real estate as well as Octava Pte Ltd joint venture and Santarli Realty.
If people feel the Tampines Street 62 EC price shouldn’t be that high, time to think about Canninghill Piers which will be sold at $3,000.
New executive apartment in Tampines St 62 is strategically located along the condo belt in district 18, beginning with 2 of the existing condos in Tampines – The Trilliant as well as the Citylife.
With the Tampines North terminal of Cross Island Line opening in year 2030 as well as future Integrated Transportation Hub (ITH), the locals of Tampines North EC will take pleasure in excellent connection.
Image from: Tampines St 62 EC https://tampinesnorth-ec.com/
Tampines has actually had a variety of HDB Build-To-Order releases in the past few years, giving a big swimming pool of possible upgraders to ECs.
REASONS TO PURCHASE Tampines street 62 EC? Senior supervisor of research study as well as working as a consultant claimed a strong marketing point is the site’s closeness to the upcoming Tampines North MRT station and also services in Tampines town.
The present median transacted prices for brand-new EC units sold by realty companies is above $1,150 psf in 2021. This colony price will make current EC projects relatively cheap by comparison.
The optimistic leading bid shows a favorable expectation on EC costs along with solid demand for household developments as a result of real estate developers’ declining inventory of balance houses.
Piermont Grand was cost an average cost of $1,151 psf, as well as Parc Central Residences at $1,173 psf. Consequently, a mean market price of above $1,200 psf for new ECs is totally possible when the Tampines St 62 EC is released.
Tampines is the third-largest brand-new community in Singapore by area, covering over 2089 hectares of land, as well as likewise is the 3rd most booming new community, adhering to Bedok and also Jurong West. It is the regional centre for the East Region.