Wang Dehui, supervisor of Jones Lang LaSalle's Singapore Research study and also Consulting Department, is likewise hopeful about the bidding circumstance in Tampines Ave 10 EC. He explained that Tampines has 10 personal residential tasks, including brand-new exclusive property jobs such as Royal Square Novena, but the area has actually not released brand-new EC tasks for five years, as well as the need for potential customers is solid. As a result, he approximates that this EC lot will attract developers to bid for the competitors. The prospective buyers might estimate as much as ten parties. The greatest quote rate might be as high as $600 per square foot, breaking the highest EC land price of 583 yuan.
As for the white section of the seaside view, Li Minwen, elderly director of the high-latitude worldwide research study division, claimed that the advancement of the website will incorporate resort, household as well as retail stores. With the renovation of the hotel market, lots of developers want increasing the resort company. The whole lot was picked up and also is expected to cause tough competition from these developers. She additionally pointed out that this area is located in the Central District as well as is exempt to the current new standards of the Urban Renewal Authority. Developers can build a larger number of shoe-box apartment units, and also the complete price can still be at the buyer's inexpensive level.