PROJECT DETAILS
The Urban Redevelopment Authority (URA) has sold a residential site in Tampines Avenue 10, as part of Government Land Sales (GLS), in the 2nd quarter of 2017. This land parcel is bounded by Tampines Avenue 10 and future extension of the current Tampines Street 85, is at the Eastern Region of Singpaore. It has a land size of 21,717.7 square metres and is to house an approximate 715 residential units.
Bellevue Properties, a subsidiary of CDL DEvelopment, won the top bid of S$370.10 million which translates into S$565.40 per square foot per plot ratio.
Other private residential developments that are within New Condo’s vicinity include Arc at Tampines, Waterview at Tampines, The Tropica, Pinevale, City Life at Tampines and The Tampines Trillant and the upcoming QBay Residences, Alps Residences and The Santorini.
New Condo at Tampines Avenue 10- Connectivity
New Condo in Tampines Avenue 10 is approximately 1.7 km away from Tampines Town Centre where the Tampines East West Line MRT Station and the upcoming Tampines Downtown Line MRT Station is located. Future residents of the new condo in Tampines Avenue 10 can also find many bus services available here at the Tampines Bus Interchange. Future residents of New Condo can also access to Tampines West Downtown Line MRT Station, which is approximately 1.5 km away, in 2017 when it is starts its operations.
Getting to the Central Business District (CBD) and the Marina Bay Financial Centre (MBFC) is a breeze via the Tampines Avenue 10 which links to The Pan Island Expressway (PIE), the Kallang Paya Lebar Expressway (KPE) and the Marina Coast Expressway (MCE) and reach in approximately 14 minutes. To drive down to Orchard Shopping Belt, future residents just need connects to the Central Expressway (CTE) via the Pan Island Expressway. New Condo is also easily link to the Tampines Expressway (TPE) which connects its future residents to various parts of the island.
New Condo at Tampines Avenue 10- Amenities
Future residents of New Tampines Avenue 10 Condo can find many shopping, dining and entertainment facilities at the Tampines Town Centre which housed many major shopping malls like Century Square, Eastlink Mall, Tampines Mall and Tampines 1. To get fresh market produce and economical local food, residents can take a short drive down to Tampines Round Market And Food Centre which is approximately 2 km away. The upcoming new Tampines Food Centre which will be located at Tampines Avenue is also approximately 1.3 km away.
New Condo at Tampines Avenue 10- Education
There are numerous education facilities that are located just short distances away from the development such as Poi Ching School, Junyuan Primary School, East View Primary School, Tampines Primary School, Junyuan Secondary School, Springfield Secondary School, St Hilda’s Secondary School and Tampines Secondary School. New Condo in Tampines Avenue 10 is also approximately 1.1 km away from Temasek Polytechnic. Many recreational facilities can be found within its poximity as it is near to Bedok Reservoir Park, Tampines Sports Hall, Tampines Bike Park and Safra Tampines.
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| Project | Tampines Avenue 10 New Condo |
| Developer | Bellevue Properties, a unit of CDL Development |
| Location | Tampines Avneue 10 |
| District | 18 |
| Tenure | 99 years lease |
| Site Area | 21,717.7 square metres/ 233,769.3 square feet |
| GFA: | |
| Plot Ratio | |
| Expected TOP: | |
| Total Units | Approximately 715 residential apartments |
| Total Carpark | |
| Development | Condo comprising of communal facilities |
| Unit Type: | |
| Architect | |
| Eligibility | SC/ SC, SC/SPR and Foreigner can buy |
LOCATION and AMENITIES
New and upcoming condo in Tampines Avenue 10 by CDL
Amenities Near New Condo at Tampines Avenue 10
| Category | Important Amenities Near New Condo at Tampines Avenue 10 | Approximate Distance |
| Train Stations | Tampines West (DT31) Downtown Line Due 2017 Tampines (EW2/DT32) Downtown Line Due 2017 |
1.7km 1.5km |
| Bus Stop | Blk 874 (Bus: 69, 293) Opp Blk 871A (Bus: 2N, 69, 293) |
0.2km 0.2km |
| Supermarkets | Fairprice (Tampines Central Community Complex) Prime (Tampines 823) Giant (829 Tampines) Cold Storage (Tampines 1) |
0.5km 0.9km 0.9km 1.7km |
| Shopping Malls | Century Square Eastlink Mall Tampines Mall Tampines 1 |
1.6km 1.6km 1.7km 1.7km |
| Education Institutions | Preschool | |
| Cavenur Kindergarten PCF Tampines West Blk 887 PCF Tampines Central Blk 725 PCF Tampines Central Blk 856-854 PCF Tampines Central Blk 858-860 PCF Tampines Central Blk 713-714 Darul Ghufran Mosque Kindergarten PCF Tampines West Blk 140-938 Soka Kindergarten |
0.6km 0.7km 0.7km 0.8km 0.9km 1.0km 1.1km 1.8km 1.9km |
|
| Primary | ||
| Poi Ching School Junyuan Primary School East View Primary School Tampines Primary School |
0.7km 1.4km 1.4km 1.6km |
|
| Secondary | ||
| Junyuan Secondary School Springfield Secondary School St Hilda’s Secondary School Tampines Secondary School |
0.5km 0.6km 0.9km 1.7km |
|
| Junior College | ||
| Meridian Junior College | 2.5km | |
| Tertiary | ||
| Temasek Polytechnic | 1.1km | |
| International | ||
| The Japanese School (Primary School – Changi Campus) | 4.1km | |
| Food Centre | Tampines Food Centre (U/C) Tampines Round Market & Food Centre |
1.3km 2.0km |
| Lifestyle | Bedok Reservoir Park Tampines Sports Hall Tampines Bike Park Sun Plaza Park Water Venture – Bedok Reservoir Park Safra Tampines Tampines Eco Green |
0.9km 1.2km 1.5km 1.5km 1.6km 1.8km 1.8km |
FACILITIES and SITE PLAN E-BROCHURE
The Facilities and site plan of new condo in Tampines Avenue 10 is currently seeking approval from relevant authorities.
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TAMPINES OVERVIEW
One of the most visited retail and leisure destinations in Singapore, Tampines is home to large part of the popluation in the East. In the coming years, Tampines is poised to grow further with new housing, shopping facilities, more parkland and other amenities at Tampines North. Transport within Tampines will be augmented, including new rail lines like the Downtown Line that will offer residents shorter, more comfortable and convenient commutes.
New Condo launch at Tampines Avenue 10- Housing- Better living through a better environment
The new Tampines Town Hub will be Singapore's first integrated lifestyle hub in the heartlands, bringing retail, sporting and other community services together in one convenient space where residents can gather, interact and bond.
Tampines is set to become an integral part of Tampines. When fully developed, Tampines will provide about 21,000 new homes for Singaporeans. Transport and other facilities will accompany the building of Tampines North to ensure a highly liveable and well-connected living environment for residents.
Further developments that residents can look forward to include:
- Expansion of Changi Hospital
- A new Integrated Transport Hub (ITH) with MRT and bus interchanges co-located with residential and commercial uses after the completion of the DownTown Line (DTL) at Tampines Town Centre.
- New amenities to complement new homes in Tampines North
- In the longer term, Tampines North will also have two primary schools and two secondary schools and a new community centre.
New Condo launch at Tampines Avenue 10- Leisure- Green and blue spaces come alive
Parks and waterbodies are within easy reach of residents in Tampines including Sun Plaza Park, Tampines Eco Green and many neighbourhood parks. Residents also have convenient access to the nearby Bedok Reservoir. Park connectors running along Bedok Canal and along Sungei Tampines connect to the Eastern Coastal Loop, linking Tampines to East Coast Park and Pasir Ris Park. In the coming years, a number of initiatives will be implemented to ensure that most homes in Tampines will be within 400 metres of parks or park connectors. These include:
- Setting aside substantial park alnd in Tampines North for Boulevard Park and Quarry Park that will bring greenery to the door steps of residents
- A new Park connector running between Tampines Avenue 10 and Tampines Avenue 9 to link up the Bedok Reservoir Park and Pasir Ris Park
- New neighbourhood parks in Tampines Street 86 and off Tampines Avenue 9
New Condo launch at Tampines Avenue 10- Transport- Getting you there and back
Along the ITH at Tampines Town Centre, residents can look forward to smoother travel with these enhancements to roads and public transport services, includung:
- Enhanced Transport connectivity with 5 new MRT stations (Tampines West, Tampines Tampines East, Expo and Upper Changi) along the Downtown Line (DTL) which will be completed by 2017.
- Expansion of the cycling network in Tampines Town and new cycling routes in Tampines North
- Two new roads, Tampines Street 85 and Tampines Street 86
- Improvements along Tampines Expressway and Pan Island Expressway
- Extension of Tampines Street 82
- Improvements in Simei Street 3 (From Simei Avenue to Simei Street 1), Tampines Avenue 4, Tampines Avenue 5, Tampines Avenue 7, Tampines Avenue 9, Tampines Avenue 10, Tampines Street 82, Bedok Reservoir Road and Tampines Street 23/32.
- Realignment and wideing of Simei Road and Somapah Road
New Condo launch at Tampines Avenue 10- Economy- Quality jobs closer to home
New Developments in Tampines will boost the number of jobs available, giving residents the opportunity to work closer to home.
What residents can expect
- New Industrial sites within Tampines North along Tampines Avenue 10 and next to IKEA, Giant and Courts
- More employment and and educational opportunities from the continued development of Changi Business Park and Singapore University of Design and Technology (SUTD).
CDL DEVELOPMENT WON TOP BID FOR TAMPINES AVENUE 10 NEW GLS CONDO PARCEL SITE
Bellevue Properties, a unit of City Developments Limited (CDL), submitted the top bid of $370.1 million for the 99-year leasehold site. This translates to about $565 psf per plot ratio (psf/pr).
Chinese developers Kingsford Development and Qingjian Realty were the next two highest bidders at $350 million and $345 million, respectively.
A spokesperson for CDL said that its bid for the site topped the tightly contested tender by a 5.7 percent margin over the second highest bid.
Launched for sale on 14 March under the confirmed list of the first half 2017 Government Land Sales Programme, the site could yield about 715 homes.
It is sandwiched between two condominium projects, The Santorini and The Alps Residences. The nearest MRT station is the upcoming Tampines West station along the Downtown Line.
The latest government land sales site tender attracted nine bidders - fewer than some had expected - though the bid amounts were no less bullish than for recent sites.
The site in Tampines Avenue 10, launched last month under the confirmed list for the first half of this year, drew a top bid of $370.1 million from Bellevue Properties, a unit of CDL.
Located near Bedok Reservoir, the site has a land area of 21,717.7 sq m and maximum gross floor area of 60,810 sq m.
CDL said in a statement yesterday that if it is awarded the site, it will explore a condominium development of about 15 storeys with about 800 units. The development would also include a childcare centre, it added.
Mr Ong Teck Hui, national director of research and consultancy at JLL, said that while nine bidders could be considered a "good turnout", the number was still fewer than he had expected. He attributed this to developers being drawn to more attractive sites such as in Stirling Road and Lorong 1 Realty Park.
He added that the top bid reflected the bidder's outlook of prices remaining stable or increasing when the project is launched, as opposed to the current trend of prices moving downwards.
Mr Nicholas Mak, head of research and consultancy at SLP International Property Consultants, hailed the "return of sanity" to developers, saying the number of bids was more "reasonable".
He noted that the top bid was bullish as it was 17.2 per cent higher than the land price paid by MCC Land for the nearby land parcel on which The Alps Residences is sited.
This translates to a price of about $565.4 per sq ft (psf) per plot ratio. Mr Mak estimated the project could be launched at prices of above $1,150 psf from the middle of next year.
While there are two nearby projects, The Alps Residences and The Santorini, he said these projects are not likely to compete with the future development as they are expected to be substantially sold by the time the new project is launched.
Nearby amenities include Courts Megastore, Giant Hypermarket and IKEA Tampines. There are also various schools within the vicinity, including United World College of South East Asia (East Campus) and Temasek Polytechnic.
“Although nine bidders is a good turnout, it is less than expected and this could possibly be due to bidders being drawn to the Stirling Road site as well as the Lorong 1 Realty Park parcel, which are more attractive sites,” said Ong Teck Hui, National Director, Research & Consultancy at JLL.
Despite this, he noted that the top bid is 17 percent higher than the $483 psf/pr paid for The Alps Residences site in April 2015, and is almost similar to The Santorini’s land price of $562 psf/pr, awarded in July 2013 before the effects of the Total Debt Servicing Ratio were felt.
“This shows that the outlook of the top bidder is for prices to at least remain stable or turn upwards when the project is launched. The average selling price of nearby projects such as The Santorini and The Alps Residences is $1,070 to $1,090 psf,” revealed Ong.
Said CDL’s spokesperson: “In the event that we are awarded the site, CDL will explore a condominium development of about 15 storeys with about 800 units. All units are expected to enjoy a North-South orientation and the development will also include a childcare centre on site.
Source: Straits Times 2017
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