Tampines Street 62 EC
By Sim Lian Land Pte Ltd
(Targeting Launch in Q1 2025)
For illustration only
Tampines Street 62 EC
Tampines Street 62 (Parcel B) GLS site
Targeting Launch in Q1 2025
(Pending Approval of Sale)
The Tampines Street 62 EC2 land plot was announced on the 14 Mar 2023, as part of the Government's GLS land plots for 1H 2023.
- Estimated Site Area: 28,000.2 sqm (301,389.5 sqft)
- Gross Plot Ratio: 2.5
- Estimated Housing Units : 700
- Launching for Developer Application : Mar 2023
- Tender Closing Date : 18 July 2023
Like most other EC sites, Tampines Street 62 EC (Parcel B) is located far from any MRT station (for now) but the good news is that the upcoming Tampines North MRT station along the Cross-Island Line is scheduled to run from 2030 onwards. The new MRT station will be just 200-300m away from Tampines Street 62 EC site, just that the first buyers wouldn’t get to enjoy this convenience immediately.
There is also an upcoming Mixed Development will be integrated to the new Tampines North MRT station and will bring retail convenience to the both The Tenet EC and Tampines Street 62 EC owners.
Tender results of Tampines Street 62 EC Land Parcel B
The upcoming Tampines Street 62 EC development along Tampines Street 62 will cover an area of 28,000.2 sqm and is expected to offer unit mix of 2 to 5 bedrooms types, with a maximum of 700 units. The site was put up for sale in Mar 2023 through a public tender process and received nine offers in total. Sim Lian Land Pte Ltd and Sim Lian Developement Pte Ltd emerged as the highest bidder with a price offer of $543.28 million or $721 per square foot per plot ratio. The second highest bid from Hoi Hup Sunway Group was just 1.2% lower, at $536.60 million or $712 psf ppr.
Tampines Street 62 EC2 (Parcel B)
| Project Name | TBA (Tmpines Street 62 EC, Tampines North EC2) |
|---|---|
| District | D18 - Pasir Ris / Tampines |
| Address | Tampines Street 62 |
| Developer | Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd |
| Expected TOP | TBA |
| Tenure | 99 years Lease |
| Site Area | 28,000.2 sqm / 301,389.5 sqft |
| Plot Ratio | 2.5 |
| No. of Blocks / Levels | TBA |
| Total Units | Up to 700 units |
| Carpark Lots | TBA |
| Architect | TBA |
| Landscape | TBA |
| Builder | TBA |
| Site Awarded Date | 09 Oct 2023 |
| Targeted Launch Date | Q1 2025 |
| Land Rate (Land Cost) | $721 psfppr |
Tampines North – Budding Communities within a Green Tapestry
An extension of Tampines Town, Tampines North will provide a holistic environment for residents to live, work, learn, and play. They can look forward to a host of activities and facilities in the upcoming developments. Community spaces set amidst lush landscape will allow fellow residents to interact.
Tampines North, with an estimated 21,000 dwelling units spread across 240 hectares, will be added to the existing Tampines Town. Envisioned as the “green shoot” and extension of Tampines Town, the new estate will consist of four housing districts — Park West District, Green Walk District, Park East District and Boulevard District — each with an unique housing design.
A Boulevard Park — featuring a stretch lined with seasonal flowering trees — will run through the estate, providing residents with a seamless connection from Sun Plaza Park to Sungei Api Api. Community spaces and facilities such as childcare centres will be located along the park. A second major park, Quarry Park, will also be created and could feature a quarry pond, inspired by Tampines’ history as a sand quarry site.
Apart from the two major parks, smaller ones will be scattered across the estate, and linked to one another by a pedestrian and cycling network weaving through the housing districts. A new landmark mixed development, with mixed commercial and residential use as well as a bus interchange, will be a focal point for residents in Tampines North. The Tampines North Hub could be integrated with a plaza square and a green arcade, A landbridge will also mark the gateway into Tampines Town, which will consist of 90,000 units with the inclusion of Tampines North. This bridge will link the Quarry Park to Sun Plaza and Boulevard Park, allowing Tampines North residents to connect with the rest of Tampines Town.
Tampines Street 62 EC2 Location
The site is located at Tampines Street 62 sits on estimated approximate 2.8 Ha of land, with Gross Plot Ratio of 2.5, projected to yield a total of 700 residential units.
The residents in the Tampines North precinct will enjoy the convenience of public transportation, new community facilities, parks and new amenities, easily accessible to the future Tampines North Cross Island Line Station and the future Integrated Transport Hub.
It is located near Tampines Eco Green Park, and a four-minute drive to Pasir Ris MRT station. Schools in the vicinity include Tampines North Primary School, Gongshang Primary School and Dunman Secondary School.
For drivers however, the location is convenient. The site straddles both Pasir Ris and Tampines – so a seven-minute drive will take you to the cluster of malls and offices in Tampines hub, while an eight-minute drive will take you to Downtown East (this is one of the largest family recreation hubs in the East, and the Wild Wild Wet water park is here).
We would venture that, compared to the “ulu” locations associated with most ECs, this site is actually one of the better located ones. And like most Tampines-area condos today, it’s reasonable to assume some sort of shuttle service to Tampines Hub. This area is admittedly quite dense, with a plot ratio of 2.5. The plot is nestled among several blocks of HDB flats.
In terms of condos however, there are surprisingly few in the immediate vicinity. One of the closest would be Parc Central Residences, near Tampines Hub – but even this is about 28 minutes away. Many of the others are clustered on the other side of the TPE, such as Elias Green and NV Residences (all about 30 minutes away on foot).
Bukit Batok West Ave 5 EC
Price List
Estimated average price from $1,253 to $1,307 psf
Source taken : URA, HDB and edgeprop reports
Land Cost (Bukit Batok West Ave 5)
$626 psf ppr
Estimated breakeven price including Land Cost, Construction, Financing, Architect, Designing, Marketing and others (A)
$1,089 psf ppr
Developer 15-20% markup in profit (B)
$164 - $218 psf ppr
Indicative Average selling price (A+B)
$1,253 - $1,307 psf
The potential selling price of the new Bukit Batok West Ave 5 EC is expected to be between $1,253 and $1,407 per square foot (psf) based on factual data. The anticipated price takes into account that Deferred Payment Scheme is usually priced 3% higher. This news will be encouraging for potential buyers who are interested in purchasing a unit in this upcoming development, as the price range is competitive compared to other similar properties in the area. The new EC is expected to offer quality facilities and amenities for comfortable and convenient living. With the anticipated selling prices, buyers will be able to make informed decisions on their purchase decisions.
By using $1,350 per square foot (psf) as a guide, the estimated pricing for a 3 bedroom unit, with a size of approximately 893 sqft, that comes with 3 bedrooms, a living hall, 2 baths, kitchen, and household-shelter will start from $1,205,550 (893 x $1,350psf). Potential investors and buyers can expect to find a comfortable living space that is both practical and functional.
The table below will give an estimation of the starting price of all units type.
*Do note this is for illustration purpose as units sizes and average psf will varies.
| Type | Est. Size (Sqft) | Est. Price From |
|---|---|---|
| 3 Bedroom | 893 / 947 | $1,205,500 |
| 3 Bedroom Premium | 980 / 1,013 | $1,323,000 |
| 4 Bedroom | 1,098 / 1,152 | $1,482,300 |
| 4 Bedroom Premium | 1,259 / 1,367 | $1,699,650 |
| 5 Bedroom | 1,561 / 1,711 | $2,107,350 |
Tampines Street 62 EC2
Site plan and Floor plans
(Coming soon)
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Elson Chua
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