Tampines EC Site - Sim Lian Set Record Bid of $768 PSF PPR

The Tampines Street 95 site attracted considerable interest from developers, receiving bids from five contenders. Sim Lian emerged as the top bidder, setting an EC land record with a rate of $768 per square foot per plot ratio (PSF PPR). The estimated break-even price is approximately $1500 PSF. Last year, Sim Lian also acquired another EC site at Tampines Street 62, now known as Aurelle of Tampines, demonstrating the developer's strong confidence in the Tampines area. The new development is expected to offer 560 units and will be conveniently located just minutes away from Tampines West MRT Station.