{"id":121250,"date":"2021-08-04T03:40:12","date_gmt":"2021-08-03T20:40:12","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-awards-tampines-ec-site-for-422mil\/"},"modified":"2021-08-04T12:05:57","modified_gmt":"2021-08-04T05:05:57","slug":"hdb-awards-tampines-ec-site-for-422mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-awards-tampines-ec-site-for-422mil\/","title":{"rendered":"HDB awards Tampines EC site for $422mil"},"content":{"rendered":"


\nHDB 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
\nThe tender for the executive condominium (EC) site at Tampines Street 62 has been awarded to a joint venture between Qingjian Realty and Santarli Construction, which submitted the highest bid of $422 million, revealed the HDB on Tuesday (3 August).
\nThe price works out to a land rate of $659 per sq ft per plot ratio (psf ppr).
\nNicholas Mak, ERA Singapore\u2019s Head of Research and Consultancy, noted that it is the \u201chighest land rate to be paid for an EC site in the history of this type of housing\u201d.
\nLaunched for sale on 15 April, the 23,799.2 sq m site has a maximum gross floor area of 59,498 sq m. The 99-year leasehold site \u2013 which comes with a maximum building height of 63 to 64 m Singapore Height Datum (SHD) \u2013 is expected to yield 590 housing units.
\nRecommended read:\u00a0Government Land Sales (GLS) Programme Guide (Updated With GLS Sites for 2H2021!)
\nThe tender of the site closed on 22 July with nine bids received.
\nChristine Sun, Senior Vice President of Research & Analytics at OrangeTee & Tie, expects the selling price for the Tampines EC to range from $1,250 to $1,300 psf.
\n\u201cBased on URA caveats, the selling price for new ECs is inching closer to $1,200 psf this year, such as Piermont Grand EC, which was sold at a median price of $1,151 psf, Provence Residence EC at $1,150 psf, Parc Central Residences EC at $1,173 psf, OLA EC and Rivercove Residence EC both at $1,143 psf,\u201d she said.
\n\u201cTherefore, a median selling price of above $1,200 psf for new ECs could be breached when this plot is launched,\u201d she added.
\n\u00a0
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this story, email:\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB awards Tampines EC site for 2mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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(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":123996,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bukit-batok-ec-site-to-receive-keen-interest-despite-new-curbs\/","url_meta":{"origin":121250,"position":1},"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":121034,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/land-plots-at-lentor-central-tampines-street-62-receive-nine-bids-each\/","url_meta":{"origin":121250,"position":2},"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":100762,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-launches-three-sites-yielding-700-ecs-over-1300-private-condos\/","url_meta":{"origin":121250,"position":3},"title":"Govt launches three sites yielding 700 ECs, over 1,300 private condos","date":"November 1, 2018","format":false,"excerpt":"\r Aerial view of the white site at Marina View. (Photo: URA) The government released for sale on Wednesday (31 Oct) two confirmed list sites and one reserve list plot that can collectively yield 540 hotel rooms and slightly over 2,000 residential units. In particular, the Housing and Development Board\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":121250,"position":4},"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":[]},{"id":81205,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sumang-walk-ec-site-attracts-17-bids\/","url_meta":{"origin":121250,"position":5},"title":"Sumang Walk EC site attracts 17 bids","date":"February 27, 2018","format":false,"excerpt":"\r Map showing the location of the EC site at Sumang Walk. Source: HDB The tender exercise for an executive condominium (EC) site at Sumang Walk in Punggol closed on Tuesday (27 Feb) after attracting 17 bids, said the Housing and Development Board (HDB). 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