The site is conveniently linked to the city and rest of the island via major arterial roads and expressways such as Tampines Expressway and Pan Island Expressway.
Residents can engage in outdoor recreation activities or enjoy a leisurely walk at Bedok Reservoir Park.
The future residential development is an ideal home for families with school-going children. Numerous schools located within the vicinity include United World College of South East Asia (East Campus), St. Hilda’s Primary and Secondary Schools and Temasek Polytechnic.
Top Bid: MCC Land (Singapore) Pte Ltd
Bid Amount: $227,780,000
Total Bids: 12
Estimated Dwelling Units: 490 Residential Units
Project Name: The Alps Residences
SINGAPORE: A residential site at Tampines Avenue 10 drew 12 bids at the close of the auction on Tuesday (Apr 28), indicating strong demand from developers despite the soft property market.
The Urban Redevelopment Authority (URA) said the 15,660.4 square metre 99-year leasehold site attracted a top bid of S$227.78 million from MCC Land (Singapore). This works out to around S$5,194.53 per square metre of gross floor area, or about S$483 per square foot.
Mr Desmond Sim, head of CBRE Research (Singapore & South East Asia), said: “As expected, a healthy number of bids was received for the Tampines Avenue 10 site as developers are running low on land and are looking to replenish sites.”
According to URA, the Tampines Avenue 10 (Parcel D) site can yield about 490 private residential units. URA had launched the site for public tender on Mar 17.
URA said a decision on the award of the tender will be made at a later date after the bids have been evaluated.
- Well connected via major expressway like Tampines Expressway & Pan Island Expressway
- Enjoy recreational facilities at nearby Bedok Reservoir Park
- Surrounded by schools & International school like United World College of South East Asia (East Campus)
- Short drive to Tampines Regional Centre
- Attractive prices
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