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Tampines Avenue 11 mega site to test developers' appetite
Potential land costs of nearly $1b could be deterrent, but sentiment for large sites may improve
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A 5.07ha mixed-use site in Tampines Avenue 11 is among the highlights of the latest Government Land Sales (GLS) programme and will most likely test developers' appetite for mega sites, analysts say.
Potentially yielding 1,190 residential units and 14,000 sq m of commercial space, the site will be a significant development in the Tampines North area, providing private housing as well as amenities, Mr Ong Teck Hui, senior director of research & consultancy at JLL said.
