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Thread: Jalan Lempeng site fetches $554.40psf ppr

  1. #1
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    Default Jalan Lempeng site fetches $554.40psf ppr

    IOI won the bid, paying 13% more than UOL.

    http://www.hdb.gov.sg/fi10/fi10296p....B?OpenDocument

  2. #2
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    How does this bid compare with neighbouring plots?

  3. #3
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    Any comment about the developer IOI?

  4. #4
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    Who is IOI?

  5. #5
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    Quote Originally Posted by TheIdler
    Who is IOI?
    Malaysian developer

  6. #6
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    Quote Originally Posted by Allthepies
    Malaysian developer
    Icic, thanks.

    Does this mean Parkwest can say bye bye to their enbloc price?

  7. #7
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    Isn't that the developer who is doing the flop project Cityscape@ farrer park?

  8. #8
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    Quote Originally Posted by TheIdler
    Icic, thanks.

    Does this mean Parkwest can say bye bye to their enbloc price?
    What their asking psf price ?

  9. #9
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    Quote Originally Posted by Allthepies
    What their asking psf price ?
    Their reserved price is $803million which makes it abt $762psfppr. Think no bidders when their tender closed.

  10. #10
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    762psf ppr was the reserved price? that's pretty high no?

  11. #11
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    Quote Originally Posted by kane
    762psf ppr was the reserved price? that's pretty high no?
    Guess dats why no bidders? Property sentiment down but people's expectations still skyhigh?

  12. #12
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    that'll curtail supply down the line.

  13. #13
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    If i m not wrong, they still have to pay development charges & topping up the lease period.

    Developer then has to sell at least $1100 - $1200psf.

  14. #14
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    Highly accessible by AYE and PIE, with direct buses or MRT to Jurong Lake District, and beside Nan Hua Pri Sch, my estimate is launching around $1200 psf for 2 bedders.

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