{"id":102998,"date":"2019-01-16T10:42:22","date_gmt":"2019-01-16T03:42:22","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/tampines-ec-site-receives-healthy-interest-with-7-bids\/"},"modified":"2019-01-16T11:03:23","modified_gmt":"2019-01-16T04:03:23","slug":"tampines-ec-site-receives-healthy-interest-with-7-bids","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tampines-ec-site-receives-healthy-interest-with-7-bids\/","title":{"rendered":"Tampines EC site receives healthy interest with 7 bids"},"content":{"rendered":"


\nLocation map of the EC site at Tampines Avenue 10. Source: HDB
\nThe tender for an executive condominium (EC) site at Tampines Avenue 10 received healthy interest from developers, with seven bids received.
\nA consortium comprising Hoi Hup Realty and Sunway Developments submitted the highest bid of $434.45 million, followed by MCC Land (Singapore) with a $431.6 million bid.
\nMore: Govt Launches Three Sites Yielding 700 ECs, Over 1,300 Private Condos
\nCDL Constellation and TID Residential submitted the third highest bid of $414.3 million, while Qingjian Realty (Residential) and Evia Real Estate (8) offered $408.9 million for the site.
\nLee Sze Teck, Huttons Asia\u2019s head of research, attributed the keen interest received to the site\u2019s location.
\n\u201cIt is not often that you get an EC site in a mature estate,\u201d he said. \u201cFurthermore sales of new EC projects in Tampines have been well-received in the past. Plus there is a lot of latent demand in the market for EC units judging from the ground experience. That may explain why we see such robust bids put in by developers.\u201d
\nLaunched for sale in October, the 24,933.7 sq m EC site has a maximum gross floor area of 69,815 sq m and a gross plot ratio of 2.8. It comes with a 99-year lease and could yield 695 housing units.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Tampines EC site receives healthy interest with 7 bids<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Location map of the EC site at Tampines Avenue 10. Source: HDB The tender for...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-102998","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qNg","jetpack-related-posts":[{"id":121034,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/land-plots-at-lentor-central-tampines-street-62-receive-nine-bids-each\/","url_meta":{"origin":102998,"position":0},"title":"Land plots at Lentor Central, Tampines Street 62 receive nine bids each","date":"July 23, 2021","format":false,"excerpt":"\r Land plots at Lentor Central, Tampines Street 62 receive nine bids eachA unit of Guocoland submitted the highest bid for the Lentor Central site at $784 million, which works out to a land rate of $1,204.47 psf ppr, while\u00a0a joint venture between Qingjian Realty and Santarli Construction submitted the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/lentor-site-gls-h12021-crop.png?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121250,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-awards-tampines-ec-site-for-422mil\/","url_meta":{"origin":102998,"position":1},"title":"HDB awards Tampines EC site for $422mil","date":"August 4, 2021","format":false,"excerpt":"\r HDB awards Tampines EC site for $422milThe price works out to a land rate of $659 per sq ft per plot ratio (psf ppr), which is the highest land rate for an EC site to date. Photo: HDB The tender for the executive condominium (EC) site at Tampines Street\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/tampines-street-62-crop.png?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":123996,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bukit-batok-ec-site-to-receive-keen-interest-despite-new-curbs\/","url_meta":{"origin":102998,"position":2},"title":"Bukit Batok EC site to receive keen interest despite new curbs","date":"December 28, 2021","format":false,"excerpt":"\r The Bukit Batok West Avenue 8 EC site is expected to yield about 375 residential units. Source: URA Despite the introduction of new property cooling measures, market watchers expect the executive condominium (EC) site at Bukit Batok West Avenue 8 to receive keen interest from developers. The Housing and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/BUKIT-BATOK-AVE-8-LAND-PARCEL-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":52924,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-unit-submits-top-bid-for-tampines-site\/","url_meta":{"origin":102998,"position":3},"title":"CDL unit submits top bid for Tampines site","date":"April 26, 2017","format":false,"excerpt":"\r The top bid of $370.1 million for the 99-year leasehold site works out to about $565 psf on the land. Source: URA The tender for a 2.17ha residential site at Tampines Avenue 10 (Parcel C) closed yesterday after attracting nine bids from property developers, said the Urban Redevelopment Authority\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/04\/Tampines-Avenue-10.jpg?fit=795%2C295&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":90064,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-residential-sites-yielding-1880-homes-released-for-sale\/","url_meta":{"origin":102998,"position":4},"title":"3 residential sites yielding 1,880 homes released for sale","date":"June 1, 2018","format":false,"excerpt":"\r Aerial view of the sale site at Dairy Farm Road. (Photo: URA) Three residential sites that could yield a total of 1,880 housing units were released for sale by the Urban Redevelopment Authority (URA) and Housing and Development Board (HDB) on Thursday (31 May) under the Government Land Sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97984,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/close-fight-for-sengkang-ec-site\/","url_meta":{"origin":102998,"position":5},"title":"Close fight for Sengkang EC site","date":"September 17, 2018","format":false,"excerpt":"\r Location map of the land parcel at Anchorvale Crescent. Source: HDB Competition was tight for an executive condominium (EC) site measuring approximately 184,464 sq ft at Anchorvale Crescent in Sengkang, which attracted a total of seven bidders before the tender exercise closed on Friday (14 Sept). According to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102998"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=102998"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102998\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}