Initial introduction about Tampines St 62 EC
Records were set when bids were lodged yesterday for two residential sites under the Government Land Sales (GLS) programme. For the EC plot 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 consists of 3 Singaporeans.
Even though it may sound very steep for a mass market condo, compared with Canninghill Piers which will be launched soon, the price is still very attractive.
The Tampines St 62 EC development is roughly 1 kilometre from the Pasir Ris MRT station, near nature parks such as Tampines Eco Green Park and also Tampines North Boulevard Park. It is also located towards the south of Tampines Meridian Junior College. Close-by schools are Poi Ching Primary School, Gongshang Primary, Elias Pri school, etc.
From: Tampines St 62 EC https://tampinesnorth-ec.com/
Tampines has had a number of HDB Build-To-Order introduces in the past few years, providing a big swimming pool of possible upgraders to ECs.
Tampines St 62 EC remains in the 1st Regional Centre in Singapore and also fully grown estate with renewed restoration. There will be plenty of opportunities beyond 2030 – 800 hectares of change at your doorstep with the moving Paya Lebar Airbase in 2030.
Tampines is a preferred area with EC customers. Parc Central Residences at Tampines St. 86, which was launched in Q1 this year, is about 14% left, accomplishing an average cost of $1,173 psf.
Piermont Grand was sold at a typical rate of $1,151 psf, and Parc Central Residences at $1,173 psf. Therefore, a median asking price of above $1,200 psf for brand-new ECs could be reached when the Tampines St 62 EC is launched.
Tampines is the third-largest brand-new town in Singapore by location, covering over 2089 hectares of land, and additionally is the 3rd most booming brand-new community, following Bedok and Jurong West. It is the regional centre for the East Area.
