>

$970 mil bid placed for collective sale of Tampines Court

By Angela Teo

/ EdgeProp |

August 17, 2017 2:27 PM SGT

Privatised HUDC estate Tampines Court (below), which was put up for sale for the third time, received a $970 million bid, which is subject to conditions, according to Terence Lian, head of investment sales at Huttons Asia, the marketing agent.

Inclusive of development charges and lease upgrading premium, estimated at $318 million, the land rate works out to about $655 psf ppr, Lian says. The site can house about 2,600 units with an average size of 753 sq ft.

The 560-unit Tampines Court sits on a 702,164 sq ft site and has about 69 years left on its original 101-year lease. Based on the 2014 Master Plan, the site has a gross plot ratio of 2.8. Should the sale go through, each owner at Tampines Court is likely to receive $1.7 million to $1.75 million.

Source: Huttons Asia

Stay updated with En Bloc Singapore - Latest News, Enbloc Potential, Listings & Sales in 2021

Tags:

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Emerald of Katong hits 99% sales at launch, averaging $2,621 psf

2

Kingsford sells 76% of Chuan Park units at an average price of $2,579 psf

3

Is it a Good Deal?: $1.03 million for a four-room HDB flat in District 10

4

Sim Lian Group’s Emerald of Katong: Will it be another top-seller?

5

CDL sells 20% of Union Square Residences at an average price of $3,200 psf

Our Site

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.