The Tampines Street 62 site garnered significant interest as seven bidders vied for its ownership when the tender process concluded in July. The sprawling 301,392 square feet site has been approved for the construction of a maximum of 700 residential units. It boasts a prime location next to the highly sought-after Tenet, a 618-unit EC jointly developed by Qingjian Realty, Santarli Realty, and Heeton Holdings. These developers, who secured the neighboring site in August 2021 for a whopping $422 million, or $659 psf ppr, have naturally added Aurelle of Tampines Showflat to their impressive portfolio.
In conclusion, the fierce bidding war for the Tampines Street 62 site is a clear indication of the strong demand for residential properties in Singapore, especially in well-established and mature towns like Tampines. As the property market continues to remain resilient, it is exciting to see what the future holds for this highly coveted site and the upcoming Aurelle of Tampines development.
The Aurelle of Tampines showflat offers a sneak peek into the aesthetically pleasing and functional living spaces that will be available in the development. Visitors can explore the various unit types, including one to four-bedroom units, and get a feel of the overall layout and design of the development.
While the exact number of units that can be built on the site has not been specified, industry experts estimate that it could potentially yield around 590 residential units. The site also comes with a maximum gross floor area of 656,497 square feet and a leasehold of 99 years, making it a highly valuable property.
However, the competition for the Tampines Street 62 site is not just limited to the number of bidders. Developers will also have to contend with the strict bidding conditions set by the Urban Redevelopment Authority (URA). These include a requirement for developers to provide a childcare center and public transport amenities within the development and to incorporate sustainability features into the project.
The intense bidding war for the Tampines Street 62 site has drawn the attention of seven competitors, with each vying to secure this highly sought-after property in the heart of Singapore. The site, which was made available under the Government Land Sales (GLS) program, has attracted numerous developers eager to tap into the growing demand for residential properties in the area.
The showflat also showcases the various amenities that will be available to future residents, such as a swimming pool, fitness center, and children’s playground. Potential buyers can also view the surrounding neighborhood and get a sense of the convenient and vibrant lifestyle that awaits them.
The fierce competition for the Tampines Street 62 site highlights the current state of the property market in Singapore. Despite the ongoing pandemic and economic uncertainties, the demand for residential properties has remained strong. This can be attributed to various factors, including low interest rates, pent-up demand, and the appeal of owning a home in a mature and well-established town like Tampines.
The Aurelle of Tampines showflat is a testament to the potential of Tampines Street 62 and the surrounding area. With its close proximity to major amenities and its prime location in an established town, the demand for properties in this area is expected to continue to grow.
From traditional Singaporean dishes such as chicken rice and laksa to trendy cafes and Japanese sushi bars, there is something for everyone. Moreover, with the large expat community in Tampines, there are also restaurants serving international cuisines such as Korean, Thai, and Italian. Residents of Aurelle of Tampines EC are sure to find a new and exciting dining experience every time they venture out. In addition, the strict quality control measures in place ensure that the food is safe for consumption.
Despite these conditions, the interest in the site remains high, with developers confident that they can meet the URA’s requirements and deliver a high-quality development that will attract buyers. The final outcome of the bidding war will be eagerly awaited, and it is expected to set a benchmark for land prices in the surrounding area.
The vicinity of Aurelle of Tampines EC boasts a thriving culinary scene, offering a diverse range of gastronomic delights that cater to the palates of all individuals. Whether one has a craving for local fare or desires to indulge in international cuisines, Tampines has it covered. The array of food options around the condominium is abundant, ranging from humble hawker centers to upscale restaurants, providing residents with an abundance of dining choices. From traditional Singaporean delicacies like chicken rice and laksa to trendy cafes and Japanese sushi bars, there is an abundance of delectable options to choose from. Additionally, with a considerable expat presence in the area, residents can also relish in international cuisines such as Korean, Thai, and Italian. With an ever-evolving food scene, dining at Aurelle of Tampines EC is sure to be an exciting experience every time. Furthermore, strict quality checks in place guarantee the safety and quality of the food served.
The tender for the Tampines Street 62 site attracted a significant amount of interest, with a total of seven bidders by the closing date in July. The site spans 301,392 square feet and has approval for up to 700 residential units. Its prime location next to Tenet, an EC development with 618 units by Qingjian Realty, Santarli Realty, and Heeton Holdings, has further increased its appeal. The trio had successfully secured the adjacent site in August 2021 for $422 million, equivalent to $659 per square foot per plot ratio.
Located in the mature town of Tampines, the site offers a prime location with close proximity to various amenities such as shopping malls, schools, and public transportation. Its strategic location in the eastern part of Singapore also provides easy access to the city and other parts of the island, making it an attractive choice for both investors and homebuyers.
Apart from the intense bidding war for the Tampines Street 62 site, interested buyers and investors can also catch a glimpse of what the future holds for the area by visiting the showflat of Aurelle of Tampines. Developed by Sing Holdings Limited, this upcoming residential project is located at Tampines Street 86, just a short distance from the Tampines Street 62 site.
The seven bidders for the Tampines Street 62 site include some of the biggest names in the Singapore property market, such as City Developments Limited, Sing Holdings Limited, and CapitaLand. The keen interest in this site is not surprising, given its potential to yield a significant number of residential units and its prime location.
City Developments Limited, one of the bidders for the site, has expressed confidence in the potential of Tampines Street 62. In a statement, the company highlighted the site’s proximity to various amenities and its potential to provide future residents with a quality living environment. Sing Holdings Limited also echoed similar sentiments, stating that the Tampines Street 62 site presents an excellent opportunity for them to tap into the strong demand for homes in Tampines.
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