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Thread: Jurong EC

  1. #1
    Join Date
    Jun 2013
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    109

    Default Jurong EC

    Extracted from PropertyGuru

    "An executive condominium (EC) site (pictured) at Yuan Ching Road/Tao Ching Road drew 16 bids at the close of its tender on Tuesday, according to the HDB. The 217,298 sq ft site with a maximum gross floor area (GFA) of 651,895 sq ft was among three EC sites offered on 99-year leases.

    A consortium comprising Evia Real Estate, BBR Development, CNH Investment and OKP Land submitted the highest bid of S$272.83 million or S$419 per sq ft on the GFA.

    According to Desmond Sim, Associate Director at CBRE Research, the relatively stronger response for the Yuan Ching Road site compared to the other two plots may be “because it is the first EC site tender in Jurong West since the withdrawal of a previous tender in the area in July 2010”.

    “The confidence in the Jurong story, coupled with the recent strong showing for J-Gateway, most likely prompted the highest bid of S$419 per sq ft for the site. The breakeven is estimated to be in the region of S$800 per sq ft, which translates to a selling price of about S$900 psf. This launch price could set a new record for the EC market.”

    Meanwhile, the second site at Punggol Central/Edgedale Plains received a total of eight bids with the top bid of S$156 million or S$356 per sq ft/GFA submitted by Master Contract Services and Keong Hong Construction. It has an area of 146,010 sq ft and a maximum GFA of 438,030 sq ft.

    The remaining land parcel at Punggol Drive/Edgedale Plains has an area of 259,031 sq ft and a maximum GFA of 880,706 sq ft. It attracted six bids with Peak Square posting the highest offer of S$312.8 million or S$355 per sq ft/GFA.

    Considering the large number of existing EC projects in Punggol, developers were cautious and instead submitted bids for the Yuan Ching site, said Sim.

    He added that the simultaneous closing of tenders has not affected developers’ appetite for sites, mainly due to the positive outlook for EC market demand going forward."

  2. #2
    Join Date
    Jun 2013
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  3. #3
    Join Date
    Jan 2013
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    Thumbs down

    oH MY shitty site location detected
    Yuan Ching Road/Tao Ching Road

  4. #4
    Join Date
    Jun 2008
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    293

    Default

    Quote Originally Posted by DuaNehNehChioBu View Post
    oH MY shitty site location detected
    Yuan Ching Road/Tao Ching Road
    Haha. IMO, Yuan Ching Road is a very famous road... because every monring, regardless of radio channel, the DJ reporting will report that heavy traffic/ jam along Yuan Ching Road. It is always Yuan Ching road.

    I conclude that it must be a very popular area, like just CBD. Haha.

  5. #5
    Join Date
    Jun 2009
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    Southbank
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    9,531

    Default

    Like that Terrasse very cheap. TOP end 2014, don't need to wait 13 years.


    http://www.skyscrapercity.com/showthread.php?t=1387008


  6. #6
    Join Date
    Mar 2012
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    7,827

    Default

    Quote Originally Posted by iridrium View Post
    Haha. IMO, Yuan Ching Road is a very famous road... because every monring, regardless of radio channel, the DJ reporting will report that heavy traffic/ jam along Yuan Ching Road. It is always Yuan Ching road.

    I conclude that it must be a very popular area, like just CBD. Haha.
    Ho Ching has a road name after her there. dont play play.
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

  7. #7
    Join Date
    Feb 2014
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    10

    Default

    MY shitty site location detected

  8. #8
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    Mar 2012
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    Quote Originally Posted by Na tran View Post
    MY shitty site location detected
    welcome to condosingapore.
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

  9. #9
    Join Date
    Mar 2014
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    55

    Default

    Quote Originally Posted by Ringo33 View Post
    welcome to condosingapore.
    welcome you in my ignore list

  10. #10
    Join Date
    Feb 2016
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    Thumbs down

    Oh wow!!! Finally a property you can buy from the highway, to the highway, and on the highway.

  11. #11
    Join Date
    Sep 2020
    Location
    avenue south residence
    Posts
    7

    Default Re: Jurong EC

    This is truly cheap and good in Jurong.

    Another development to watch out for in city fringe Avenue South Residence
    look out for the latest new launches in singapore with VVIP discount

    Amazing condo with upfront developer discounts for these developments.
    Do not miss this opportunity for great investment tips in real estate singapore.
    If you are an investor planning to invest your next destination should possibly be Avenue South ResidenceShow Flat

    Find the latest and updated floor plans and price list

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