Friday, March 16, 2012

Tampines EC plot is choicest of the lot

Business Times: Fri, Mar 16
(SINGAPORE) An executive condo plot next to the Tampines Trilliant project has been tipped by property consultants as the choicest among four residential plots released under the Government Land Sales Programme yesterday.

The four plots, including a reserve list site that will be made available for application later this month, can potentially generate an estimated 2,415 homes. This announcement was made on the same day as strong February developer housing sales figures released by Urban Redevelopment Authority (URA).

'I think they want to send out the message that there's enough supply. If there is demand, the government will release more land to support that demand,' said DTZ's SE Asia chief operating officer Ong Choon Fah.

Three of the four plots released are in the confirmed list. They include two sites that can generate about 1,300 executive condos (ECs) - a public-private housing hybrid - at Tampines Central 7, next to Tampines Trilliant and near the future Tampines MRT Station under the Downtown Line; and at Woodlands Avenue 5/Drive 16, next to the completed LaCasa EC development.

Tenders for both sites were launched yesterday by the Housing & Development Board, as a land sales agent for the state.

The third confirmed list plot is a private condo plot at Tampines Avenue 10/1 (next to the Arc at Tampines development and opposite the Waterview condo project). The tender for this will be launched on March 28 by URA. On the same day, URA will make available for application on the reserve list the adjacent plot, which is also for a private condo project...

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Team Marshe
Martin Koh/ Sherry Tang
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