You read my mind. Landlease is an established developer but relatively new player in Singapore. Many have underestimated their holding power. For those who invested in Australia will know what I mean. So yes, if Phase I can be over-subscribed 3.5 cheques to 1 unit, Phase II will not be too far behind despite raising prices of ~5-8% per psf on average. >$,2000 psf has already been broken for Phase I so lets see more of it in Phase II?
Our psychological threshold for city fringe has always been $2,000psf and below. Many complained and in shock about this. I too have been guilty of that back in 2015 until 2017 where I made a move for this project.
Today onwards will be that tipping point but SPH has already caught up whether we like it or not in the next few months. Market demand will tell. I still hold my ground on micro-location factor. Not all city fringe will enjoy this. I am 50:50 on this site.
http://www.businesstimes.com.sg/comp...-bidadari-site
Regardless there is about another SGD $10+ billion en-bloc liquidity to fill the market for the rest of 2018 to 2019. We are about nearly 1/2 way through only.