This Tampines Ave 11 Condo Capitaland will boost the vibrancy of the Tampines North area with the prospective development’s modern amenities like a club house, communal facilities, tennis court, swimming pool and retail shops.“The joint venture between CapitaLand and UOL will benefit from the strengths of two experienced and established developers in delivering this development in Tampines North,” said Uwe Schuenemann, Chief Operating Officer of CapitaLand Singapore and International.The Tampines Ave 11 Condo Capitaland project is expected to be completed in 2024, with more details to be released. It will certainly add to the already vibrant property market in Singapore, offering more options for homebuyers in the process.
CapitaLand and UOL Group Limited and SingLand will be evenly splitting the stakes in the upcoming Tampines Ave 11 Condo joint venture, according to a press release on June 27. The joint venture partners revealed the project details which include a development of approximately 1,190 new homes and retail and community amenities to meet the lifestyle needs of Tampines North’s growing residential population.
The Tampines Ave 11 Condo is a highly sought after mixed-use development located in the heart of Tampines North. The site attracted three bids, the highest of which came from a joint venture between UOL Group, Singapore Land (SingLand), and CapitaLand Development. Their bid of $1.206 billion equates to a price of $885 per square foot per plot ratio (psf ppr), a 13.9% increase over the second highest bid. This was put forth by Pine II Commercial and Pine II Residential, which are subdivisions of Allgreen Properties, at a price of $1.06 billion or $777 psf ppr.
Occupying an expansive 545,314 sq ft of prime space in Tampines Avenue 11, this future mixed-use development promises to be an incredible experience. With an ideal blend of both commercial and residential spaces, the development will also feature a bus interchange, a community club, and a hawker centre, resulting in a seamless integration of different services.
