Tampines Ave 11 Condo is set to satisfy the growing demand for private properties in the Outside Central Region, introducing a plentiful supply of mass-market housing. This integrated development is likely to be attractive to many potential owner-occupiers and HDB upgraders who can benefit from its proximity to the upcoming Tampines North MRT station on the Cross Island Line.
Tampines Ave 11 Condo, a mixed-use development located at Tampines Avenue 11 in the heart of Tampines North, has been launched by a joint venture between UOL Group, Singapore Land (SingLand) and CapitaLand Development. The venture had the highest bid of the three contenders, offering $1.206 billion – or $885 per square foot per plot ratio (psf ppr) – which resulted in a 13.9% increase over the next highest bid. This bid was put forth by Pine II Commercial and Pine II Residential, subdivisions of Allgreen Properties, amounting to $1.06 billion …