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Thread: EC site in Woodlands fetched a top bid of S$216 million

  1. #1
    Join Date
    Aug 2011
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    Default EC site in Woodlands fetched a top bid of S$216 million

    SINGAPORE: An executive condominium (EC) site in Woodlands has attracted seven bids from developers, according to the Housing & Development Board (HDB).

    The 99-year leasehold site at Woodlands Avenue 5/Woodlands Avenue 6 fetched a top bid of S$216 million from Qingjian Realty (South Pacific) Group.

    That's about 9 percent above the second highest bid of S$198 million tabled by Bellevue Properties, a wholly-owned subsidiary of City Development's Verwood Holdings.

    Analysts say the top bid of S$216 million works out to about S$341 per square foot per plot ratio (psf ppr).

    And that is higher than previous bids for nearby sites at S$318 psf ppr and S$302 psf ppr last year.

    ERA Realty Network expects selling price for units built on the site to start at $830 psf.

  2. #2
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    $830psf!! New high in ulu area.

  3. #3
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    next cm will take care of ec
    In the final analysis.....its NOT whether you have a diploma,degree,masters OR PHD....its whether you have a HDB/PC/EC or LANDED...

  4. #4
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    Default

    Quote Originally Posted by radha08
    next cm will take care of ec
    Unless ec hit $1000psf generally. Then PC will move up to $1100-$1200psf.

  5. #5
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    341psf
    220psf construction
    80psf others
    =======
    641psf cost price

    yeah 8xxpsf for sure
    Ride at your own risk !!!

  6. #6
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    maybe the developer scared next time no EC segment to develop, ka ka whack this one. $830psf?? that takes the cake.

  7. #7
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    this ec site sure creating a tsunami

  8. #8
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    Mar 2012
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    Default

    TF is very hot now.

  9. #9
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    Today is flat selection day for those with a Q number for Twin Fountains EC.

  10. #10
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    Very crowded there?

  11. #11
    Join Date
    Jul 2012
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    46

    Default TWF

    Ya..car park also full... Just now drove pass still got ppl drive in

  12. #12
    Join Date
    Feb 2013
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    Default

    Quote Originally Posted by Vpromax
    Ya..car park also full... Just now drove pass still got ppl drive in
    Yes. Units are still selling.
    All TRIO units sold, penthouse sold.
    1 4-Bedroom unit left, 4 2-Bedroom unit left.

    Now still enjoy up to 10% discount while the land beside is at least $40psf more!

    Twin Fountains EC

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