15 Mar '17, 11pm

Tampines plot tipped for a good turnout

Tampines plot tipped for a good turnout

MEDIOCRE location notwithstanding, a private housing site in Tampines Avenue 10 is expected to draw strong interest with as many as 15 bids - thanks to developers' ravenous appetite for land. Moreover, the improving sentiment in the residential property market as reflected in good sales results during recent launches and not forgetting the recent easing of the seller's stamp duty (SSD) should lift the confidence of bidders when they bid for the 2.2-hectare site at a state tender closing on April 25. The 99-year leasehold site (Parcel C), which is on the confirmed list of the first-half 2017 Government Land Sales (GLS) Programme, may potentially yield about 715 units, the Urban Redevelopment Authority (URA) said on Tuesday when it launched the tender for the site. Based on BT's poll of property consultants, the top bid is expected to come in the S$480-$530 per square foot p...

Full article: https://www.srx.com.sg/singapore-property-news/34122/tamp...

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