Is another EC in Tampines St 62 worth buying?

Records were set when bids were lodged yesterday for two residential sites under the Government Land Sales (GLS) programme. For the EC land parcel in Tampines St 62, the top bid of S$422M or nearly S$659 psf ppr came from a consortium comprising a Qingjian Realty and Octava Pte Ltd joint venture and Santarli Realty. Octava is owned by 3 Singaporeans.

Likely you feel the Tampines St 62 EC price should have been lower, time to think about Canninghill Piers which will be launched at $3k.

New executive condominium in Tampines St 62 is strategically situated along the apartment belt in district 18, beginning with 2 of the existing condominiums in Tampines – The Trilliant and also the Citylife.

With the Tampines North station of Cross Island Line opening in 10 years later and future Integrated Transport Center (ITH), the locals of Tampines North EC will appreciate terrific connectivity.

From: Tampines St 62 EC

Tampines North Hub

Inspired by the wonder of nature’s terrace landforms, Tampines St 62 EC is a bold building interpretation of natural uniqueness. An ageless style qualified by rotating terraces of verdant greenery, water waterfalls as well as undulating terrain. A very preferable address to call residence, its estate standing leaves a long-term legacy for generations to take pleasure in.

SHOULD YOU INVEST IN Tampines street 62 EC? Senior director of research study as well as consultancy claimed a solid selling factor is the plot’s closeness to the upcoming Tampines North MRT terminal and services in Tampines town.

The present typical transacted rates for new EC units sold by real estate companies is above $1,150 psf in 2021. This colony rate will make all the existing EC development fairly inexpensive comparative.
The confident top bid shows a positive overview on EC rates as well as strong need for residential developments because of developers’ decreasing inventory of unsold units.
real estate developers have actually always been certain about ECs, since these are several of the more sought-after residential property kinds. ECs are a cross between public as well as exclusive real estate; they are just HDB residential properties for the ground 10 years, and also are totally personal after that.

Tampines is the third-largest new town in Singapore by area, covering over 2089 hectares of land, as well as likewise is the third most populated brand-new town, following Bedok and also Jurong West. It is the regional centre for the East Region.

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