Things to know before you consider Tampines St 62 EC

Records were smashed 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$422mil 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 three Singapore citizens.

Probably people think the Tampines St. 62 EC price is high, time to think about Canninghill Piers which will be sold at $3,000.

The Tampines St 62 EC development is approximately 1 kilometre from the Pasir Ris MRT station, near nature parks such as Tampines Eco Green Park and also Tampines North Blvd Park. It is also situated towards the south of Tampines Meridian JC. Close-by schools are Poi Ching Primary School, Gongshang Primary, Elias Pri school, and so on.

Source: Tampines St 62 EC

Tampines St 62 EC location map

Tampines has actually had a variety of HDB Build-To-Order launches in the past couple of years, supplying a huge pool of possible upgraders to ECs.

Tampines North blueprint

SHOULD YOU INVEST IN Tampines street 62 EC? Assistant director of research study and also working as a consultant said a solid selling factor is the site’s closeness to the upcoming Tampines North MRT terminal and services in Tampines town.

The existing mean transacted rates for brand-new EC units sold by real estate developers is above $1,150 psf in 2021. This new land cost will certainly make current EC development relatively inexpensive comparative.
The hopeful leading proposal reflects a favorable outlook on EC rates along with strong demand for household developments due to realty companies’ declining inventory of unsold houses.
Developers have constantly been certain regarding ECs, because these are a few of the extra in-demand home types. ECs are a cross in between public as well as exclusive real estate; they are only HDB residential properties for the very first 10 years, and are totally private after that.

Tampines is the third-largest new community in Singapore by area, covering over 2089 hectares of land, and also is the 3rd most populated brand-new town, adhering to Bedok as well as Jurong West. It is the regional centre for the East Area.

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