Tampines Site For Sale
A new residential site in Tampines Avenue 10, Singapore, has been launched under the name of Parcel C and is one of the confirmed listings for the first half of the Government Land Sales Programme for 2017.
Located in District 18 of Singapore, Parcel C has a land area of around 21,717.7 square meters and gross floor area of 60,810 square meters. The new Singapore condominium site is allowed a maximum building height of 64 metres above mean sea level and it is estimated to house 715 private condominiums for residents in the Tampines area. It is expected to be popular with Singapore nationals and expatriots currently living in Tampines or that are looking to move to the area, as it enjoys a good location and is near to Bedok Reservoir Park.
This new 99-year leasehold apartment site has been released for sale via public tender with a five per cent tender deposit of the sale price with a lease period of 99 years. It is estimated that the Parcel C project will take 60 months to complete once a tenderer has been accepted.
Parcel C is being built in a modern area of the town that is undergoing extensive development and this predicted to make it appealing to residential buyers looking for contemporary surroundings. The new condominium site is placed between The Alps Residences and The Santorini, which is predicted to be a huge selling point for the residential construction, as opposed to competition.
The new development of Parcel C will allow residents to enjoy an ideal location in town, which is close to major transport lines and allows good connectivity to nearby cities and the rest of the island. It is positioned not far from Tampines Town Centre, which has major shopping malls such as Century Square, Tampines Mall and Eastlink Mall, as well as the Tampines East West MRT Station for access to Changi Airport and surrounding areas. Many bus services are also available at the Tampines Bus Interchange. For businessmen and women, traveling to the Central Business District and the Marina Bay Financial Centre is made easy with access to The Pan Island Expressway and the Marina Coast Expressway.
For families with children that are looking to be position near to schools, Parcel C is located is conveniently near to several educational institutions. Depending on their preference, residents can choose from Junyuan Primary and Secondary School, St. Hilda’s Primary and Secondary School, East View Primary School, Springfield Secondary School and Tampines Secondary School. Parcel C is also not far away from the United World College of South Eat Asia (East Campus), which makes it an ideal location for expats and students to live.
The tender for Parcel C is expected to close on April 25th 2017.
This Land Parcel C was sold to Bellevue Properties Pte. Ltd, a subsidiary of City Land Developments. The development will be named The Tapestry @ Tampines.