Units in the upcoming development on Tampines Street 95 are estimated to start at an average selling price of over S$1,600 per square foot , said property analysts.
According to Singapore Business Review, PropNex noted that the project is expected to be well received by buyers, encouraging developers to bid for the site.
Sim Lian Group, the highest bidder, already has an executive condominium project set to launch in Tampines in the first half of 2025. With Sim Lian’s project launching in the year’s first half, the Tampines Street 95 development will likely only be launched for sale in 2026.OrangeTee stated that the gap between launches in the area would “ensure sufficient demand for the EC” in Tampines.They explained that the high interest from developers in the EC plot isn’t surprising, as “the EC segment continues to be a bright spot in the housing market.
PropNex states, “This pool of buyers is typically unaffected by cooling measures, and they form a stable demand base for ECs.”
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