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Category: Legal

HDB Tender Tampines EC by Qingjian Realty and Santarli Construction

HDB Tender Tampines EC by Qingjian Realty and Santarli Construction

Posted on March 17, 2022 by apec2009

HDB has launched a tender for two new executive condominium sites. The first site is in Sengkang and will be sold to the highest bidder through a public tender. The second site in Tampines Street 62 will be put up for a reserved list and will be put up for a public tender when developers show interest in the property. Both sites will yield up to 1,100 residential units.

The second site is at Tampines St 62. It is part of district 18, near the Citylife and Trilliant condominiums. It is also close to the future Integrated Transport Centre and will have direct access to the Cross Island Line. There are a total of 375 units available for purchase. The price for the first phase is S$425 per square foot.

The prime location of the Tampines EC site is highly sought after. A recent BTO in the area resulted in a record top bid of S$422 million or S$659 per square foot (psf ppr). The newest executive condominium will be ready for sale in 2023, which could mean more developer interest in the site. The price of the site is estimated to be between S$580 and S$630 per square foot per plot ratio, which means that the developer can expect to receive a few hundred bids for the site.

HDB launched the public tender for two executive condominium sites in Tampines on Thursday. These are the second and third executive condominium sites to be released in 2021. The first site was released on the reserve list, meaning that it would be put up for tender if developers express interest in the project. The total price of the two sites is estimated to be between S$580 and S$630 per square foot, and the bid could reach up to 10 developers.

HDB’s latest tender for the executive condominium site in Tampines has surpassed the previous record in the past few years. The top bid of S$42 million, or S$659 psf ppr, exceeded all predictions of most property consultants. Both plots are expected to provide a high-quality residence for residents. The first phase of the project will be completed in the middle of 2021.

The first phase of the HDB’s executive condominium site tender will yield 375 units. The second phase will see the launch of the executive condo project in 2020. The EC site is expected to yield around 750 units. After the first phase, the second phase will have up to 450 units. The last two phases will be completed by 2022. The next EC sites will be launched in the middle of the year.

A joint venture comprising Qingjian Realty and Santarli Construction has won the EC site at Tampines Street 62. Their $422 million bid is the highest ever for an EC plot in Singapore, breaking the previous record of $603 psf ppr. This land rate is also considered the highest in the country, as there are no other EC sites in Singapore that are higher than this.

Although it is not the first EC in Singapore, it is a key regional centre and presents numerous opportunities for home-owners and developers. Parc Central Residences, which is the latest development to be released at Tampines, is a good example of a successful project in this neighbourhood. It is also near MRT stations and provides convenient access to public transportation. However, it has its drawbacks as well.

The Tender for Tampines EC closed on the 22nd of July and the selling price could be between S$1,250 and S$1,300 per square foot. Recent developments in the area have sold for more than S$1,300 psf. The median selling price of Tampines Trilliant was just over $12,500 per square foot. Citylife @ Tung Hwa-Singapore’s EC site sold for S$1,140 psf.

The Tampines EC site was recently up for tender. The leading bid of S$422 million was received by Santarli Realty. Compared to other ECs, this bid was higher than the previous record of $590 psf ppr, which was set by Tengah Garden Walk in 2011. The average bid for Tampines EC was S$1,250 psf, so the price is higher than other EC sites in Singapore.

The site has been hotly contested for the last few months. The lowest bid is S$556 psf, and the top bid is S$659 psf ppr. This means that if the top two bidder is successful, the EC land rate could hit an average of S$1,200 psf. And the site is located at Tampines Street 62, which is a prime area in the city.

The Housing & Development Board has released a public tender for the executive condominium site at Tampines Street 62. The land is part of the Reserve List for the second half of the GLS programme and will close for bid evaluation in July 2021. The highest bid could be between $550 and $600 psf ppr. The EC is close to town services and is in a fully developed estate.

The tender for Tampines Street 62 (Parcel B) will close in July 2021. The successful bidder will be required to install EV charging points, water treatment facilities and green spaces. It is located within one kilometre from Pasir Ris MRT station. Nearby recreational amenities include Canninghill Piers and the Tampines Eco Green Park. The EC land will be developed along district 18 in Singapore.

There are a few things to know about the tender. The EC site is larger than most private condominiums and it is estimated to yield around 700 dwelling units. The EC site is near the Tampines North Boulevard Park and the Pasir Ris MRT station. It is located at a strategic location that will be attractive to future investors and tenants. The site is surrounded by nature parks, including a nature park and an ecological green space.

The property is part of the 1st Regional Centre, a mature estate that is going through a renaissance. In 2030, the Paya Lebar Airbase will move to Tampines St 86. The Parc Central Residences on Tampines St. 86 are 86% sold and have achieved an average selling price of $1,170 psf. The same project’s neighbour, Piermont Grand, sold at an average price of $1,174 ppsf.

Upon completion, the Tampines EC will feature a variety of amenities. It is close to the Tampines Town MRT station and the Pasir Ris MRT. There are also several parks nearby, including the Rivercove Park and the Tampines Eco Green Park. If you’re looking for a home in Singapore, it’s important to find the right one for you.

Eco Friendly Features at Tengah Town Residential Estate

Posted on May 30, 2021July 23, 2021 by apec2009

A brand-new Housing Board Tengah Estate town the dimension of Bishan will be integrated in the west, with eco-friendly attributes to suit its forested setting. These include Singapore’s initial car-free community centre and a 5km “woodland passage” with treking trails.

The very first brand-new community to be developed because Punggol 20 years back, Tengah’s growth will certainly remain in line with the Government’s push to be eco-friendly and also lasting.

A woodland edge will run around the 700ha community. As well as a 100m-wide, 5km-long woodland hallway will connect Tengah to the bordering green network between the western and central catchment areas.

” As we construct this new town, we will incorporate the developments with the bordering ecological community, as well as we will certainly maintain a lot of the existing natural landscape, so homeowners in Tengah will certainly have the ability to experience the feeling of going to house with nature,” said National Development Minister Lawrence Wong last night in introducing the Tengah master-plan at the HDB Awards dinner.

Situated between Jurong East to the south, Choa Chu Kang to the north and Bukit Batok to the eastern, the Tengah location today is greatly woodland and also scrubland.

But it will ultimately include 42,000 new residences: 30,000 devices of public housing and 12,000 of personal real estate. The initial public flats there will certainly be launched in 2018.

Plant will certainly be woven through the town, from a huge main park to “community farmways” that go through real estate estates with gardens, play areas and farms.

As part of Singapore’s car-lite efforts, all roads there will obtain committed walking as well as biking paths. A vehicle- totally free town centre will be embeded in park with web traffic running beneath.

Said HDB president Cheong Koon Hean: “Tengah marks a step for us to develop towns that are greener, a lot more environment-friendly as well as sustainable, as well as with a smart element.”

One consideration for future homeowners is that the town is close to the existing Tengah military airbase.

Replying to inquiries, HDB stated Tengah will abide by planning guidelines “which additionally take into consideration feasible surrounding noise resources and also the acceptable noise level”. Blocks will normally go up to 14 to 15 storeys in elevation.

Tengah is just one part of the west’s makeover. Upcoming Jurong Lake District, promoted as the second Central Business District, exists to the south of Tengah. The town’s western industrial park is likewise part of the Jurong Innovation District.

Tengah strategies will be displayed at the HDB Hub in Toa Payoh from today up until Sept 25, from 9am to 8pm. Participants of the general public are welcomed to visit and give their responses.

Getting from house to shops will be a stroll in the park
Tengah town centre will be embeded in a park as well as website traffic will certainly run underneath it; all roads will certainly have strolling as well as cycling trails

The very first flats in Singapore’s newest Housing Board community, Tengah, will certainly be released in 2018.

These will certainly be amongst 30,000 ultimate public housing units in the brand-new “Forest Town” in the west.

And when the car-free town centre – Singapore’s first – is developed, nearby residents will certainly have the ability to walk from their apartments to stores, foodcourts and the MRT station without having to go across a single road.

The town centre, called Market Place, will certainly be set in a park as well as traffic will run underneath it instead. “This will certainly make it friendlier for people and additionally for community tasks,” claimed National Development Minister Lawrence Wong, introducing the masterplan for Tengah last evening.

To motivate modes of transport other than driving, all roads in Tengah will have strolling as well as cycling trails on both sides.

” The whole of Tengah, as we design it, will certainly become a community that will support our car-lite vision, our vision of a greener Singapore, as well as a more people-friendly city,” claimed Mr Wong.

For various other transportation settings, many citizens will certainly have bus stops within 300m of their homes.

Yet the MRT will take a while to show up, with the Jurong Region Line estimated to be completed in a years’s time.

Room has additionally been scheduled for feasible future transport use, such as offering a path for self-driving cars and trucks.

The car-free community centre belongs to the Park District – one of 5 in Tengah. The others are Plantation, Garden, Brickland as well as Forest Hill. They will each have a distinct identification even as they include green elements.

Said HDB ceo Cheong Koon Hean: “The entire town is actually instilled with greenery.”

Hacienda District, the initial to be created, will have a “community farmway” going through its real estate estates, with gardens, play areas, fields and neighborhood ranches.

Another area farmway will go through Garden District, near Tengah’s 20ha Central Park.

A “forest amphitheatre” in the park will be a green gathering place and also an existing canal will be changed right into a “woodland stream”.

Another striking attribute of Tengah is a 100m-wide, 5km-long woodland passage, created in collaboration with the National Parks Board. Within existing secondary woodland – woodland that grows on land formerly interrupted by human activity – even more rainforest trees will be planted for a richer habitat.

Tengah will also be the very first totally “smart” HDB community.

Smart features such as utilities monitoring systems, which have been piloted on a smaller sized range in areas such as Yuhua, will be introduced throughout the entire Tengah community.

As Park District will certainly be created only later, Tengah’s initial locals will at first be without a community centre. However each area will have its own area centres as well as amenities such as schools.

There will also become a sporting activities center and a health and also treatment facility.

The final 2 districts are Brickland, which takes motivation from the block manufacturing facilities that were set up there in the 1960s, and Forest Hill.

The latter will bring locals the closest to nature, bordered by the forest hallway on two sides as well as Central Park on another.

The environment-friendly community of Tengah may point the way to Singapore’s future housing estates.

Urban planning professionals along with nature lovers welcomed special attributes such as its car-free town centre and also a forest hallway, and also stated the community can function as a model for future estates.

Roadways will run underneath the car-free town centre of the 700ha new town, the very first Housing Board community to have such an attribute.

Every road in the upcoming advancement will certainly also include committed walking and biking courses on both sides of it.

Affiliate Professor Cheah Kok Ming, from the department of style at the National University of Singapore (NUS), claimed: “It is a fantastic concept to delegate automobiles to the cellar degree, which will certainly boost air high quality, make the community extra walkable and much safer for pedestrians as well.”

He pointed out that, while it may be tough to incorporate such functions in existing residential estates, Tengah can function as a guide for future estates.

The view was echoed by participants of the nature community, who admired the green attributes planned for Tengah, imagined as Singapore’s initial “forest community” bordered by rich plant.

The forest corridor will be around 100m vast as well as 5km long, and developed in partnership with the National Parks Board (NParks). The corridor will certainly develop part of the larger network of greenery that connects the Western Catchment Area and Central Catchment Nature Reserve.

The HDB claimed the existing concrete canal will be replaced with a natural stream and also water body. NParks will certainly study exactly how to keep the existing plant within the forest hallway and also how to boost it by introducing more indigenous woodland species.

The forest hallway might aid animals such as birds and insects go across in between both green belts, claimed NUS bird researcher David Tan that had, in a recent study, found that the Tengah forest was a crucial passage for birds such as the candy striped tit-babbler.

Dr Ho Hua Chew, vice-chairman of the Nature Society’s (Singapore) conservation committee, likewise lauded the idea of the woodland hallway as well as the overall plan that would assist wildlife connection.

Nine varieties of birds threatened with extinction have been spotted in the second woodlands of Tengah, consisting of the changeable hawk eagle and the red-wattled lapwing.

Dr Ho stated: “It is extremely nice to know of our Government’s desire to create a forest city.”

As opposed to creating plant by growing trees, it is better to integrate structures into an existing all-natural woodland, said Dr Ho.

” Let’s have more of the all-natural woodland, which is currently plentiful there,” he added, calling for a nature park at the eastern corner of the growth, rather than in its centre as is the plan by the HDB. This is because the vegetation there is denser as well as a lot more birds have been identified along the canal there.

However there were some bookings as to how points will turn out.

Mr Tan of NUS stated that while he rejoices the HDB had actually planned for a woodland hallway, it remains to be seen if it will operate in such an urban setup.

He wondered just how vector control procedures, such as insect fogging, would certainly impact wildlife utilizing the passage, and whether the wildlife in the green belt would be buffered from houses.

Butterfly lover Steven Chong, 59, who lives near the Tengah area, said the growth was an excellent concession between growth as well as conservation.

” I’ve discovered fewer species of butterflies around the area as the environments are developed. The growth of Tengah with the woodland hallway is the most effective that I can hope for,” he added.

Tengah is an awesome community – with modern help
Organizers will certainly use computer system simulations to achieve reduced temperature levels, maximum wind flow for brand-new HDB town

Tengah, a brand-new town in the west designed to be environment-friendly as well as lasting, will certainly have lower temperatures and optimum wind flow, thanks to computer system simulations made use of in its preparation.

This is the first time such technology will certainly be utilized on a townwide level. The 700ha Tengah is the first new Housing Board community considering that Punggol, as well as will have features such as a woodland passage and also car-free community centre.

Special software program permits planners to design different configurations of Tengah town and gather information to guide their final style, said Senior Minister of State for National Development Desmond Lee at the launch of the Tengah event yesterday.

The software demonstrates how different arrangements of blocks and also greenery can affect wind circulation, warm from the sun as well as temperature level.

” Our planners and architects at HDB, and engineers, can after that make a decision how finest to prepare the structure design to accomplish the very best convenience degree for our citizens,” stated Mr Lee.

For example, the software application can aid to determine the excellent positioning of structures to enhance wind circulation.

Locations that obtain more warmth from the sunlight can likewise be identified, and extra plant can be grown there to lower the temperature.

The software program, called the Urban Microclimate Multi-physics Integrated Simulation Tool, is simply among the smart modern technologies to be executed across Tengah, after being trialled on a smaller range in locations such as Yuhua as well as Punggol Northshore.

Others include sensing units to track the efficiency of public services such as lifts and also lights, which can aid recognize troubles early.

Flats will certainly also come with appropriate electronic framework such as information points so that homeowners can install wise technologies like an energies checking system, if they so select.

The initial smart-enabled flats were released in Punggol Northshore in May in 2015. Choice has actually recently finished, with almost all systems scheduled.

HDB is collaborating with a consortium led by NCS to create a Smart Urban Habitat Masterplan, laying out an approach for implementing wise campaigns in the areas.

Tengah will likewise be lasting. It will flaunt environmentally friendly attributes presented in previous tasks, from water-saving eco-pedestals in commodes, to a clever pneumatic waste collection system that moves house rubbish underground.

The event on Tengah is continuous at the HDB Hub in Toa Payoh till Sept 25, from 9am to 8pm daily.

The exhibit on Singapore’s newest Housing Board community, Tengah, attracted curious visitors to the HDB Hub yesterday.

In many cases, the reactions of the potential purchasers were connected to how old they were.

For young couples seeking to get a level soon, the new town in the west appeared as well far-off – both in regards to location as well as completion time. Yet older family members were extra going to wait for Tengah to be established.

Designed as a “forest town”, Tengah’s very first batch of flats will be launched from 2018 onwards, implying that the initial residents will certainly have the ability to move in only several years later on.

The town will boast a 5km-long forest hallway and Singapore’s first car-free community centre.

In spite of its tourist attractions, some found the delay as well long.

” A vital factor to consider for youngsters is the immediacy of the tasks itself, instead of something that’s not also being built yet,” stated student attorney Gerald Lim, 27.

Advertising expert Ellie S., 27, stated it was difficult to prepare appropriately when apartments would await tenancy just years later on. “Some apartments take 4 years to develop after the launch,” she included.

Instead of waiting for Tengah estate’s flat launch in 2018, some pairs are looking at flats that will be readily available earlier.

” I am trying to find a location that awaits me to register for currently – 2018 is too far to wait because there are flat launches every year,” claimed Mr Mohd Kader, 26, an accounting professional who is trying to find a flat with his partner. He also really felt the location was too far away from the centre of town.

Tengah residents will certainly have bus stops within 300m of their homes. Yet the Jurong Region Line, which will serve Tengah, is estimated to be completed only in a decade’s time.

Others did not see such aspects as hurdles.

” We were captivated by the car-free community centre and also intended to find out a lot more,” said Mr Pek Kay Hong, 52, a designer. “One of our children may most likely to NTU when they are older, or in the future, every one of them may operate in this area.”

Older people who are not in a thrill to purchase a flat see Tengah estate as an exciting opportunity.

Said Mr Foo Sang Chong, 49, that is working in the oil area sector: “This is a desire location for me, with all its greenery as well as environmentally friendly living.”

How To Get The Best Real Estate Deal

Posted on April 24, 2021 by apec2009
How To Get The Best Real Estate Deal
How To Get The Best Real Estate Deal

If you are planning to move into a new home, you must know how to get the best real estate deal. There are various factors that will affect the way in which your home is priced. As such, you need to put some effort and time before entering the market for your new home. It would also be ideal to have a pre-moving checklist so as to ensure that you avoid problems when the time for moving comes.

First of all, check out the local real estate market and get a sense of what the current trends are. Try to understand the reasons why a certain area is experiencing a home seller’s frenzy or an overpriced home. Is it because of the demand? Maybe the cost of living is really high there. Understanding the basic reasons why the house is priced how it is would definitely help you get the best real estate deal.

Next, do some research online. There are several websites that give out information on how to get the best real estate deals. Do some reading, and get a good idea of what you want. This will ensure that you find what you are looking for. You may even find something better than what you were expecting!

When looking for the best real estate deal, you should check out the different offers. Compare prices between many properties. Find the property that has everything that you need. Check out if there is ample parking space, whether the street has good traffic, and whether the neighborhood is maintained well.

You can also ask for referrals from friends and family. Find out who they have had good experiences with when looking for a real estate agent. If you have someone in your group of friends or family that has bought a house recently, you can ask them for names of their agents. You can even find good real estate agents through referral services. These services are usually paid by real estate agents, but sometimes they are able to get hold of the best agents.

You can also get information on the different real estate trends. This way, you can know what is happening in the market. This will allow you to make an informed decision when buying a house. You will also be able to get the best deal. This will definitely make you feel satisfied after all the work you have done.

Another thing that you need to keep in mind is that you should hire a professional to guide you through the entire process. You don’t want to get into the mess and regret your decisions. Thus, it is highly recommended that you get the services of a professional realtor.

Getting the right real estate agent is a crucial step in getting the house of your dreams. So take your time, do your research and talk to several people about your plans. When you finally understand how to get the best real estate deal, you will have everything planned out in front of you.

One thing that you must keep in mind when looking for a good real estate deal is the location. It doesn’t matter if you are purchasing a small house or a sprawling mansion. You must choose a place that is most appropriate for the kind of property you wish to buy. If you are planning on living there with your family for years to come, you would probably prefer a place near your school, your office and your favorite hangouts.

Once you have settled on the ideal location, think of how you will finance the deal. The two common options are loans and mortgages. Loans are usually preferred by first-time buyers. However, this option comes with a high interest rate. Therefore, if you have enough money at your disposal, it might be best to opt for a mortgage so as to pay off the high cost in low monthly payments. In case you need money urgently for some reason, you can always opt for a loan, but you need to bear in mind that the interest rates are usually higher than those charged by mortgage companies.

When buying a property, you need to prepare a budget for yourself. You need to figure out how much you want to spend on various aspects of the property like the building and the interior decoration. This includes the purchase of furniture, appliances and other necessary elements. To get a feel of how the property will look like after you have finished remodeling it, you can ask your contractor to take a camera with you to inspect the property.

How to get the best real estate deal begins with understanding how the market works. This way, you can better understand the property market trends. Before you invest your money in any real estate property, you must have a good understanding about its current market value. This would ensure that you don’t end up wasting your money. To help you decide on how to get the best real estate deal, it would be beneficial if you consult an attorney. This is because an attorney has the knowledge and skills to guide you properly.

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