Tender has just closed.
Result will be out in few hours time.
What will the response be after the latest round of cooling measures?
Tender has just closed.
Result will be out in few hours time.
What will the response be after the latest round of cooling measures?
this is a good plot of land in a developed area. pricing shld be good.Originally Posted by Pro888
what is the mkt expectation?
Last edited by p3nboy; 24-01-13 at 13:45.
please, no Cina developer
Here are the 13 bidders.
1
CEL Property Pte Ltd
$212,100,000
2
Boo Han Holdings Pte. Ltd. And Far East Orchard Limited
$193,777,000
3
Ho Lee Group / Evia Real Estate (3) Pte Ltd / CNH Investment Pte Ltd
$182,600,000
4
Cerapure Pte Ltd
$167,124,000
5
Verwood Holdings Pte. Ltd. And Intrepid Investments Pte Ltd
$163,000,000
6
Guthrie (Nov) Pte Ltd and Santarli Venture Pte Ltd
$161,800,000
7
Sim Lian (Focus) Pte Ltd & Sim Lian (Brilliant) Pte Ltd
$161,000,000
8
Master Contract Services Pte Ltd and Keong Hong Construction Pte Ltd and Asia Development Pte Ltd
$155,520,000
9
Mezzo Development Pte Ltd
$151,800,000
10
FCL Place Pte. Ltd.
$133,080,000
11
Changi Properties Pte. Ltd.
$124,500,000
12
RP North Pte. Ltd.
$121,800,000
13
Creative Investments Pte Ltd
$55,538,888
If i am not wrong, translate to $794 psf land price.
Looks like gunning to a new high in this area when the units are finally launched.Originally Posted by Pro888
Much higher than what i had expected and also that was before CM.Originally Posted by myfirstpc
oh no wonder... by Chip Eng Seng developer of Alexandra Central. Stocks upz, Alexandra development so hottish.. no wonder they bullish to the max
The Board of Directors of Chip Eng Seng Corporation Ltd (the “Company”) is pleased toOriginally Posted by dtrax
announce that the Company’s wholly-owned subsidiary, CEL Property Pte Ltd (“CELP”) has
emerged as the top bidder of the land parcel at Yishun Ring Road / Yishun Avenue 9 (the “Site”)
for mixed commercial & residential development. The tender price for the Site is S$
212,100,000 or S$8,551 per square meter (“sqm”) per plot ratio.
The Site has a land area of 8,858.3 sqm and tenure of 99 years. It has an allowable gross plot
ratio of 2.8 and a maximum permissible gross floor area of 24,803.24 sqm (“GFA”). The
proposed development will comprise condominium units ranging from studio apartments to 4
bedroom apartments and 2 to 3 levels retail podium (the “Proposed Development”).
oh wdf.. no 1.5k psf no talk here we comeeeee..
This is madness. CM8 coming soonOriginally Posted by dtrax
Many developers bid v high. They r quite confident even after CM7... 7 mil helps...
Is tis piece of land beside mrt station?
Not near mrt, ulu place surrounded by new bto and old hdb.... more like becoming a neighborhood center.
So high land price is more due to the retail component? That is still quite a draw I suppose, for condo purchasers.Originally Posted by azeoprop
1.5k psf at yishunOriginally Posted by dtrax
Commercial can easily sell for >2000psf
Huat ah
Yishun central will be $1000psf Liao.
Maybe like promenade@pelikat, the commercial unit price will subsidize the residential units to make them more affordable.Originally Posted by Congress
Next, Yishun Central $1800psf. Existing bus interchange for mix development, 800+ units in the pipeline. Yishun MRT will need additional tracks ! As of now during peak hours, jammed packed, escalators not adequate, underground pass un-walkable, etc Quality of Life rather Comfort will drop when those developments are up.
CEL on a roll man.
*speechless at the bid price*
post here useless, tell your MP.Originally Posted by myfirstpc
not near mrt, but about 400m walk. so considered a neighbourhood centre, but one that is not far from mrt. 400m is walkable dist, about 10min.Originally Posted by azeoprop
good area becoz area is very well developed. typical matured estate support. ah nan lives (oops... lived) just opposite this place.
no wonder the stock cheongOriginally Posted by Shanhz
yishun HDB will cheong ah....
good ah!!! my hdb rental will huat ah!!! no CM please.Originally Posted by p3nboy
walk short cut, cut through from block 309, cross Av9 , min walking distance to Mrt station about 800meter(11min) counted by endomondo.
estimated 160unit, small project.
794psf mean Yishun Land got value, Yishun Huat Ah!!!Originally Posted by Nman