{"id":48113,"date":"2017-03-15T10:12:16","date_gmt":"2017-03-15T03:12:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-residential-site-in-tampines\/"},"modified":"2017-03-15T10:19:57","modified_gmt":"2017-03-15T03:19:57","slug":"ura-launches-residential-site-in-tampines","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-residential-site-in-tampines\/","title":{"rendered":"URA launches residential site in Tampines"},"content":{"rendered":"


\nLocation map of the site at Tampines Avenue 10. Source: URA
\nA 99-year leasehold residential site at Tampines Avenue 10 (Parcel C) has been put up for sale by public tender, said the Urban Redevelopment Authority (URA) on Tuesday (14 March).
\nThe 2.17ha site is located between two upcoming condominium projects \u2013 The Alps Residences and The Santorini. Launched for sale under the confirmed list of the first half 2017 Government Land Sales (GLS) Programme, it can yield up to 715 housing units.
\nThe URA noted that the site is linked to other parts of the island via major roads and expressways such as the Pan Island Expressway and Tampines Expressway.
\nThe future residential development is ideal for families with school-going children, as it is near various schools including United World College of South East Asia (East Campus), Temasek Polytechnic and St. Hilda\u2019s Primary and Secondary Schools.
\nIndustry analysts, however, expect cautious bidding in the tender due to the large housing supply within the vicinity, reported TODAYonline.
\n\u201cWhile there are many cash-rich developers wanting to deploy their cash, the location attributes of the site can be challenging. The United World College is much-desired for expats with school-going children but there is already a large supply of condominiums in the vicinity that could satisfy the needs of these parents, and demand may be insufficient,\u201d said Ku Swee Yong, CEO of International Property Advisor.
\nHe expects the tender to attract five to seven bids, with the top bid ranging from $450 to $550 psf per plot ratio. This works out to approximately $295 million to $360 million.
\nThe tender for the land parcel will close on 25 April, said the URA.
\nSource: URA
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…URA launches residential site in Tampines<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Location map of the site at Tampines Avenue 10. Source: URA A 99-year leasehold residential...<\/p>\n","protected":false},"author":1,"featured_media":48114,"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-48113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/03\/Tampines-Avenue-10.jpg?fit=795%2C295&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-cw1","jetpack-related-posts":[{"id":23017,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-sale-of-fernvale-road-site\/","url_meta":{"origin":48113,"position":0},"title":"URA launches sale of Fernvale Road site","date":"August 16, 2016","format":false,"excerpt":"\r The sale site at Fernvale Road is close to The Seletar Mall. (Photo: Yasmin Beevi) A residential site at Fernvale Road in Sengkang was launched for sale by public tender on Tuesday (16 August), said the Urban Redevelopment Authority (URA). Offered on a 99-year lease, the 17,196.4 sq m\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/08\/Fernvale-Road-site.jpg?fit=470%2C457&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":53665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-awarded-tampines-condo-site\/","url_meta":{"origin":48113,"position":1},"title":"CDL awarded Tampines condo site","date":"May 4, 2017","format":false,"excerpt":"\r The 99-year leasehold site is located close to the future Tampines West MRT station. Image source: URA Bellevue Properties, a unit of City Developments Limited (CDL), beat eight other bidders to win the tender for a residential site at Tampines Avenue 10 (Parcel C), the Urban Redevelopment Authority said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/05\/Tampines-Avenue-10.jpg?fit=795%2C295&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":48113,"position":2},"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":79642,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tampines-court-is-the-sale-still-on\/","url_meta":{"origin":48113,"position":3},"title":"Tampines Court: Is the sale still on?","date":"February 12, 2018","format":false,"excerpt":"\r The developer Sim Lian Group is awaiting Planning Permission approval from the URA so that it can build more housing units on the site. Worried at the lack of updates on the collective sale process, homeowners at Tampines Court wanted to know whether the sale of the development to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49339,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-march-2017\/","url_meta":{"origin":48113,"position":4},"title":"News Roundup (March 2017)","date":"March 24, 2017","format":false,"excerpt":"\r \u00a0 Our top Singapore property stories. Fitch: Looser property curbs won\u2019t stop price falls Housing prices in Singapore are likely to continue falling even as the government may gradually ease the property cooling measures, Fitch Ratings said recently. The ratings agency noted that Singapore\u2019s efforts to curb property speculation\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/03\/Location-map-of-Tampines-Avenue-10-site.jpg?fit=754%2C658&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":48113,"position":5},"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. 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