Tampines EC Developer
A prime EC plot on Tampines Street 62 was won by a joint venture between Qingjian Realty and Santarli Construction. In the second half of 2022, the developer will begin construction on a high-rise residential complex in District 18. The neighborhood is close to Ikea, Giant, and Courts Megamart, resulting in a significant need for residences. Residential, commercial, and industrial properties are among the company’s specialties.
The highest bid for the Tampines St. 62 EC property is anticipated to be $422 million, which translates to $659 psf ppr, a new high for GLS EC properties. Tengah Garden Walk EC set the previous record of $603 psf ppr in June 2021. A $422 million land rate for the Tampines EC site has been submitted by Qingjian Realty and Santarli Construction in a joint venture. The plot ratio is $659 per square foot.
This is the highest land rate for an EC site in history, according to Nicholas Mak, head of research and consultancy at ERA Singapore. Given the lack of new constructions nearby except trilliant and city-life, which has high ceilings for certain flats, residents of Tampines EC should be pleased. Investors looking for a secure location for excellent returns will discuss it at real estate seminars. The unit’s owners have had a positive experience with Qingjian, which has built a good brand.
Tampines Green EC is one of the EC projects that the two developers are working on in Singapore. The project, which includes 595 dwelling units, is scheduled to open in the second half of 2022. Being close to Courts Megamart, Ikea, and Giant, the EC is an excellent spot for shoppers interested in purchasing a property in Tampines.
The window for EC application will be available soon.
For first-time buyers, there is no resale tax or MSR loan. We want to help you with your application, but it might be difficult. To better understand the rental procedure over the next two weeks, please register with with form below. For the servicing of the residents’ application, our team will be available to assist strategically. Your queries regarding the purchase will be answered quickly and efficiently.