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
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
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|
|Expected Breakeven (psf)||$1,500|
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