The Tampines Ave 11 Condo is a mixed-used complex situated in the heart of Tampines North. A joint venture between UOL Group, Singapore Land (SingLand), and CapitaLand Development was awarded the development after submitting a bid of $1.206 billion, representing an increase of 13.9% over the next highest bid. This equates to $885 per square foot per plot ratio (psf ppr). The second highest bid, put forth by Pine II Commercial and Pine II Residential, subdivisions of Allgreen Properties, amounted to $1.06 billion or $777 psf ppr.
Standalone condos generally have fewer amenities than mixed-use developments. Though they may have standard facilities like swimming pools, gyms, and barbeque areas, they usually don’t have the commercial areas, shared clubs, or transit options that mixed-use developments provide.
Tampines Ave 11 Condo is set to meet the growing demand for private homes in the Outside Central Region, providing a new supply of mass-market …