Aurelle of Tampines Sim Lian Land Fierce Competition for Prime Residential Development Site on Tampines Street 62 Draws Seven Bidders

Strategically located near popular shopping centers and a diverse selection of dining options, Aurelle of Tampines EC by Sim Lian Land offers an unbeatable living experience for its residents. Beyond just convenience, this location boasts a dynamic and lively atmosphere that cannot be easily replicated. Whether you are a shopaholic, food enthusiast, or simply value quality time with your loved ones, Aurelle of Tampines EC provides an irresistible residential choice that ticks all the boxes for comfortable and convenient living in one of the most coveted neighborhoods in Singapore. Visit the website to learn more about Aurelle of Tampines by Sim Lian Land.

Developers will need to find a balance between offering attractive prices to attract buyers while ensuring that the project is financially viable. It will be interesting to see how the winning bidder will tackle this challenge and what kind of pricing strategy they will adopt for Aurelle of Tampines.

One of the key factors that will determine the success of the new development is the pricing strategy. In recent years, new launches in Tampines have been well-received by homebuyers, with some projects even selling out within a short period. However, the high prices of these developments have also been a cause for concern for some.

With such strong demand and limited supply, developers are confident that the new project on Tampines Street 62 will be well-received by homebuyers. The winning developer will have the opportunity to build around 580 homes on the site, with the potential to cater to a diverse range of homebuyers – from young couples to multi-generational families.

In Tampines, exciting developments are underway to expand its commercial landscape. The Urban Redevelopment Authority (URA) has placed a strong focus on boosting job prospects in the area, leading to the creation of new office spaces and enhancements to existing shopping malls. This development is a boon for residents, who will have the opportunity to work close to home, reducing long commutes and improving their work-life balance. Tampines Regional Centre, already a bustling commercial hub, will continue to grow and offer a diverse range of employment opportunities in various industries, including retail and information technology. The upcoming Tampines North and Tampines South will not only bring in more residential options, but also provide ample space for businesses to thrive. As Tampines progresses and prospers, its residents can look forward to a more dynamic and convenient way of life.

The other bidders are not far behind, with Keppel Land offering $416.28 million and CDL’s joint venture with Hong Leong Holdings submitting a bid of $414.29 million. The remaining bidders include Chip Eng Seng Corporation, a joint venture between GuocoLand and Hong Realty, MCC Land, and a consortium comprising of Qingjian Realty and Santarli Construction.

In conclusion, the fierce competition for the prime residential development site on Tampines Street 62 is a clear reflection of the strong demand for homes in this popular town. With its strategic location and close proximity to established amenities, the winning development is poised to be a highly sought-after project. Homebuyers can look forward to a new and exciting addition to the vibrant community of Tampines once the project is completed.

Tampines is also well-known for its excellent schools, including the reputable St. Hilda’s Primary and Secondary Schools, which are within walking distance from the development site. This makes the area highly attractive to families with school-going children.

Tampines Secondary School is committed to providing a comprehensive education that caters to the unique talents and interests of its students. The school offers a diverse range of academic and enrichment programs, ensuring that each student receives a well-rounded education. With a keen emphasis on both academic and non-academic excellence, Tampines Secondary School effectively equips students for their future pursuits.
Furthermore, the upcoming Tampines North and Tampines South will not only bring in more residential developments, but also offer more commercial space for businesses to thrive. As the region develops and flourishes, residents of Tampines can look forward to a more vibrant and convenient lifestyle.

According to analysts, the high interest and aggressive bids for this site are due to the lack of new residential projects in Tampines in recent years. The last new launch in the area was the Tapestry by City Developments Limited in 2018. This has created a pent-up demand for new homes in Tampines, and developers are eager to tap into this market.

The site, located on Tampines Street 62, has drawn the attention of seven bidders vying for the opportunity to develop a new residential project in this highly sought-after location. Among them are established developers such as Sim Lian Land, Keppel Land, and City Developments Limited (CDL).

Sim Lian Land, a well-respected developer with over four decades of experience in the industry, has submitted the highest bid of $434.45 million for the 99-year leasehold site. This translates to about $578 per square foot per plot ratio (psf ppr) for the 21,717.7 square meter plot.

This fierce competition for the Tampines Street 62 site is a testament to the strong demand for residential properties in this popular town. The site is strategically located near established amenities and is well-connected to major expressways such as the Pan Island Expressway and Tampines Expressway, providing easy access to other parts of Singapore.

In the eastern region of Singapore lies the vibrant and bustling town of Tampines. Known for its modern amenities and close proximity to the Changi Airport and Aerospace Park, Tampines continues to attract developers and homebuyers alike. Amidst the fierce competition for prime residential development sites in this sought-after estate, a new contender has emerged – Aurelle of Tampines.

Furthermore, with the government’s ongoing efforts to rejuvenate the Tampines region, residents can expect even more amenities and facilities in the near future. This includes new shopping malls, parks, and community spaces, which will only enhance the appeal of the area.