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View Full Version : New land tender next to Luxurie


phantom_opera
31-05-12, 20:48
The winner is

EL Development Pte Ltd
$383,333,000
$5,679.61

527psf .... seems like pretty standard to bid 5XXpsf for plot next to MRT nowadays
Shoeboxsupporter
31-05-12, 21:26
The winner is

EL Development Pte Ltd
$383,333,000
$5,679.61

527psf .... seems like pretty standard to bid 5XXpsf for plot next to MRT nowadays

Rosewood Drive/Woodgrove developer ?
bakasa2002
31-05-12, 21:29
Is it gonna cost more than Luxurie?
phantom_opera
31-05-12, 21:30
Is it gonna cost more than Luxurie?

MM will come to Sengkang :tongue3:
Shoeboxsupporter
31-05-12, 21:30
The winner is

EL Development Pte Ltd
$383,333,000
$5,679.61

527psf .... seems like pretty standard to bid 5XXpsf for plot next to MRT nowadays

EL Development's bid is some 10.2 per cent and 12.7 per cent above the second and third highest bids.
ysyap
31-05-12, 21:31
Is it gonna cost more than Luxurie?May cost slightly more... but won't be that much more. :cheers6:
Shoeboxsupporter
31-05-12, 21:33
Is it gonna cost more than Luxurie?

I doubt it gonna cost more than Luxurie - KEPPEL LAND !
Shoeboxsupporter
31-05-12, 21:38
MM will come to Sengkang :tongue3:


Probably one day MM will go to Pulau Ubin :tongue3:
rattydrama
31-05-12, 23:11
Rosewood Drive/Woodgrove developer ? Yes. This developer started with doing alot of HDB flats.
rattydrama
31-05-12, 23:12
The winner is

EL Development Pte Ltd
$383,333,000
$5,679.61

527psf .... seems like pretty standard to bid 5XXpsf for plot next to MRT nowadays

Not near mrt is 100psf less. quite ok rite to bid at 5xxpsf rite?
bakasa2002
01-06-12, 22:53
ST saying it ONLY attracted 5 bids for such a plum site, so maybe demand is going down? Analyst say until v nice, cos' recently there has been quite a few development ard that area. Lolx!
2824
02-06-12, 21:59
Quite telling when Keppel not even bothering to defend its "turf":scared-4:
phantom_opera
02-06-12, 22:02
why Sengkangian people not having animal spirit like Punggolian??

One is "gian", one is "lian" ?
kane
02-06-12, 22:48
Quite telling when Keppel not even bothering to defend its "turf":scared-4:

no need to defend if the bidders are paying such a high land cost right?

anyway, if you notice, they hardly ever bid/put all their eggs in one estate/basket.

same for all other developers with the exception of FEO.
bakasa2002
03-06-12, 01:24
Quite telling when Keppel not even bothering to defend its "turf":scared-4:

I think the sales record for Luxurie is not that impressive as they had expected. Considering they have been marketing it for while, it is less than 50% sold despite it's plum location, I guess they must have done their sums. :)
2824
03-06-12, 22:09
I think the sales record for Luxurie is not that impressive as they had expected. Considering they have been marketing it for while, it is less than 50% sold despite it's plum location, I guess they must have done their sums. :)
Yeah they probably write off the location and don't want to waste further resource, considering had they submitted and won, there would be some economies of scale (eg show flat and maybe even construction :beats-me-man: )