Stirling Road residential plot drew record price of over $1 billion

Queenstown plot has attracted a top bid of more than S$1 billion, the first time that a purely residential site on the Government Land Sales (GLS) programme has exceeded that price quantum. Continue reading


2 sites up for sale by URA

The two 99-year leasehold plots could yield 1,160 private homes. One site offered for sale is at Lorong 1 Realty Park in Hougang and earmarked for landed housing. The other is at Stirling Road in Queenstown is for a large condominium. Continue reading

Developers bid aggressively for Margaret Drive residential site

MCL Land (Regency) tops bid for residential site at Margaret Drive in Queenstown. 14 developers bidded for the piece of land, a clear indication of strong demand in the residential market. The price tag of $238 million for 22,195 sq m exceeded market expectation, which works to be 998 psf ppr.

The breakeven price is expected to be around $1500 per sq feet when the residential property hits the market.

Gross Floor area (sq m) 22,195
Price $238,390,000
psf ppr $998
Expected Breakeven (psf) $1,500



Straits Times


Commonwealth Towers video presentation

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