Tampines Mix Development - Government Land Sales Review
Video description from @alanweeproperty
Tampines Mix Development - Government Land Sales ReviewThe latest government land sales results for the mixed development site along Tampines Avenue 11 saw a highest bid came from a joint venture company by CapitaLand, UOL, and SingLand. Their offer was 14% higher than the second bidder's.
Going forward, how much will the developers be selling them for?
Is it worthwhile buying a mixed development today?
How will this impact the upcoming EC site that is located next door?
What about owners that have already bought Tenet?
Note: For Tenet balance units. All the above balance units have been sold except for 4 units of 5 bedrooms. Price starting from $2,120,000 ($1,358psf only) as of 2 July 2023.
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Alan Wee l #AlanWeeProperty
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References:
https://www.edgeprop.sg/property-news/uol-singland-and-capitaland-consortium-submits-highest-bid-885-psf-ppr-tampines-avenue-11-mixed-use
https://www.hdb.gov.sg/about-us/news-and-publications/press-releases/23122022-HDB-Launches-Tender-for-Sale-Sites-at-Tampines-Avenue-11-and-Plantation-Close
https://www.straitstimes.com/business/property/tampines-avenue-11-mixed-use-mega-site-and-second-ec-site-in-tengah-launched-for-sale
https://www.edgeprop.sg/property-news/tenet-ec-932-sold-after-balloting-second-time-buyers
https://www.healthforlife.sg/
