The Tampines Avenue 11 GLS site received a total of three bids from prominent developers in Singapore. This highly sought-after site attracted significant interest due to its prime location and potential for mixed-use development. After a competitive bidding process, a consortium between UOL Group, Singapore Land (SingLand), and CapitaLand Development emerged as the top bidder with a remarkable offer of $1.206 billion. This bid translates to an impressive rate of approximately $885 per square foot per plot ratio (psf ppr).

Spanning an expansive area of 545,314 square feet, the 99-year leasehold site at Tampines Avenue 11 presents immense opportunities for creating a vibrant community hub. The proposed development is set to integrate both commercial and residential components while seamlessly incorporating essential amenities such as a bus interchange, a community club, and a hawker centre.

In line with the evolving needs of Tampines North’s growing residential population, the mixed-use development is designed to cater not only to the demand for housing but also to the lifestyle preferences and convenience of its residents. With approximately 1,190 new homes slated for the development, prospective homeowners can look forward to a diverse range of housing options.

Moreover, the retail and community amenities planned for this integrated development will provide a wide array of choices, ensuring that residents will have access to a plethora of services, dining options, and recreational activities at their doorstep. This holistic approach to community planning aims to create a self-sufficient environment that fosters a strong sense of belonging and enhances the overall quality of life for its inhabitants.

The strategic location of the Tampines Avenue 11 site also holds significant promise. Being well-connected, it offers convenient access to transportation networks, including the upcoming Tampines North MRT station on the Cross Island Line (CRL). This means that future residents will enjoy seamless commuting options, facilitating easy travel to various parts of the island.

The development of the Tampines Avenue 11 site represents an exciting opportunity to meet the demand for mass-market homes in the Outside Central Region (OCR). Its appeal to both owner-occupiers and Housing and Development Board (HDB) upgraders underscores its potential to create a thriving community that caters to diverse lifestyles and aspirations.

In summary, the successful bid for the Tampines Avenue 11 site marks a significant milestone in Singapore’s real estate landscape

Land Sale Information

Site Area: 5.07 ha
Proposed GPR: 2.5
Estimated no Of Units: 1190
Launch Date: Dec 2022

Top Bid: UOL Group, SingLand, and CapitaLand
Bid Price: $1.206 Billion
PSF PPR: $885

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