The Tampines St 62 EC site drew 9 bids, with the winner QJ-OS (Qingjian & Octava) and Santarli Realty putting down $422million (approx. $659psf ppr). Tampines North EC sits an area of 256,172 square feet (sq ft) and has a plot ratio of 2.5. The estimated breakeven cost for the new condominium is in the $1,000 to $1,100 psf range. Tampines North EC launch price may range from about $1,200 to about $1,300.
The new EC at Tampines St 62 is strategically located along the condo belt, starting from 2 of the existing condominiums in Tampines - The Trilliant and the Citylife.