Gongshang Primary School, recognized for its dynamic school culture and cutting-edge teaching techniques, offers an immersive educational atmosphere which fosters imaginative and analytical skills in students. Incorporating the principles of Aurelle of Tampines by Sim Lian Land, Gongshang Primary School encourages innovative thinking and problem-solving abilities among its students.
Located next to the popular condominium Tenet and the newly launched Aurelle by Sim Lian Land, this site has been the talk of the town due to its prime location and potential for development. With a land area of 23,799 square metres, this site is zoned for residential use and has a maximum gross floor area of 59,498 square metres.
Furthermore, the recent launch of Aurelle by Sim Lian Land has also helped to boost the appeal of this site. This luxurious condominium has received overwhelming response, with 70% of its units snapped up within the first weekend of its launch. With its close proximity to this development, the Tampines Street 62 site is seen as a prime opportunity for developers to tap into the demand for high-end residential properties in the area.
Additionally, the site is strategically located next to Tenet, a popular condominium that was launched in February 2020 and has since achieved a 97% sales rate. This is a testament to the strong demand for residential properties in this area, making it an attractive location for developers to build on.
In a bid to differentiate themselves from their competitors, developers are expected to come up with innovative concepts and designs for their proposed projects on this site. This will not only help to attract buyers, but also add value to the new residential development in this prime location.
In addition to the strong demand for residential properties in Tampines, developers are also drawn to the potential for a higher selling price at this location. As the Tampines Street 62 site is situated in a mature estate with excellent amenities and connectivity, developers are confident that they can command higher prices for the units they build here, compared to developments in non-mature estates.
As kids mature, the importance of a solid secondary education cannot be overlooked. Tampines boasts a variety of secondary schools, each with their own unique study programs that cater to students’ individual strengths and passions. These schools effectively equip students with the expertise and abilities needed to succeed in their desired fields, ensuring that they are ready to tackle the obstacles that lie ahead.
In response, developers have noted that the demand for private residential properties in Tampines remains strong, with the completion of the Cross Island Line in 2029 expected to further boost the value of properties in the area.
The tender for this site was launched by the Urban Redevelopment Authority (URA) in October 2020, and it has since attracted a total of seven bids from various developers. The top bid of $422 million came from a joint venture between Hong Leong Holdings and CDL, followed by a bid of $417.8 million from a consortium comprising of MCL Land, Yanlord Land, and GuocoLand.
The battle for this site is expected to be intense, with developers vying for the chance to develop a new and highly coveted residential project in Tampines. According to industry experts, the top bid for this site is expected to range between $650 to $700 per square foot per plot ratio (psf ppr), with the breakeven cost estimated to be around $1,050 psf.
The property market in Singapore has always been highly competitive, with developers constantly on the lookout for prime residential sites to build on. One such site that has been making headlines recently is the land parcel at Tampines Street 62, which has attracted the attention of seven prominent developers.
Other developers who have submitted bids for this site include Allgreen Properties, TID Residential (a joint venture between Hong Leong Holdings and Mitsui Fudosan), and a consortium comprising of City Developments, M+S, and AIG. This overwhelming response from developers just goes to show the competitiveness of the property market in Singapore.
Located in the heart of Tampines, this mall is perfect for those looking for a fun and vibrant shopping experience.
Tampines 1 is a vibrant shopping mall, situated in the heart of Tampines. It exudes a youthful vibe, offering an impressive assortment of fashion stores, beauty services, and trendy cafes. This mall is a favorite among youngsters and families for its diverse selection of casual restaurants and enrichment centers for kids. For those seeking an exciting and energetic shopping outing, Tampines 1 is the perfect destination.
These schools prepare students for the challenges of the future, equipping them with the necessary skills and knowledge to excel in their chosen fields.
With the tender for this site now closed, it remains to be seen which developer will emerge as the winner in this highly anticipated battle for Tampines Street 62. But one thing is for sure – the result will undoubtedly add another luxurious residential development to the vibrant and desirable neighbourhood of Tampines.
However, some analysts have expressed concerns about the potential oversupply of residential units in the area, with several upcoming developments already in the pipeline. These include Tampines Treasure, which is expected to be completed by 2023, as well as The Tapestry and The Alps Residences, both of which are expected to obtain their Temporary Occupation Permit (TOP) in 2022.
So, what is it about this site that has attracted the attention of these prominent developers? Firstly, its location is a major draw. Tampines is a mature and well-established estate, known for its excellent amenities and connectivity. Tampines Street 62, in particular, is a highly sought-after location due to its proximity to the bustling Tampines Regional Centre, which is home to shopping malls, schools, and various other amenities.