Yishun ctrl Mixed development at $1076 psf ppr!!!

**Pro888** · 05-09-13, 17:46

1
North Gem Development Pte. Ltd. & FC North Gem Trustee Pte. Ltd. (as Trustee-Manager of North Gem Trust)
$1,428,880,000

2
Far East Civil Engineering (Pte.) Limited, Far East Orchard Limited & Sekisui House, Ltd.
$969,333,333

3
Zenlead Investments Pte. Ltd. & Zenmost Developments Pte. Ltd.
$930,000,000

4
Sim Lian (Focus) Pte Ltd & Sim Lian (Brilliant) Pte Ltd
$875,000,000

5
Yorkshire Investments (1) Pte. Ltd. and Yorkshire Trustee Pte. Ltd. (in its capacity as trustee of Yorkshire Mall Trust)
$704,500,000

**Pro888** · 05-09-13, 17:51

Do expect unit price from $1600psf up.

**mantrix** · 05-09-13, 18:06

WTF first bid higher than 2nd bid by 47%!!

They must be whacking their heads now.

But good news to all yishun home owners

**walkthetiger** · 05-09-13, 18:07

Originally Posted by Pro888

Do expect unit price from $1600psf up.

Confident and aggressive...all the best to them..

**dtrax** · 05-09-13, 18:12

Wad drey F!!!!! I SCREAM ICE SEE CREAMMMM!!!!

**Pro888** · 05-09-13, 18:15

Originally Posted by mantrix

WTF first bid higher than 2nd bid by 47%!!

They must be whacking their heads now.

But good news to all yishun home owners

Due to northpoint, FC die die must get it.

Cheers

**mantrix** · 05-09-13, 18:25

Originally Posted by Pro888

Due to northpoint, FC die die must get it.

Cheers

Sky Habitat owners also cheer....they may not feel so bad now LOL

**lifeline** · 05-09-13, 18:34

mixed development, so it's hard to compute residential component. maybe 3br likely 1000sf, at eg 1300psf is 1.3mil.

**star** · 05-09-13, 19:14

Hi it stated commerical and residental. Residental is condo or hdb or EC?

**Noexit** · 05-09-13, 19:20

Originally Posted by star

Hi it stated commerical and residental. Residental is condo or hdb or EC?

condo lah .

**star** · 05-09-13, 19:31

Originally Posted by Noexit

condo lah .

Clementi central on top shopping mall is hdb flat. I just wonder.

**Pro888** · 05-09-13, 19:50

Originally Posted by star

Clementi central on top shopping mall is hdb flat. I just wonder.

For Clementi mall, only the commercial (look for commercial only)had been put on tender while the residential portion was not put on tender in this way. Same like BTO & DBSS previously.

http://www.hdb.gov.sg/fi10/fi10330p....d?OpenDocument

EC is totally out also.

**Pro888** · 05-09-13, 20:03

Originally Posted by lifeline

mixed development, so it's hard to compute residential component. maybe 3br likely 1000sf, at eg 1300psf is 1.3mil.

You can use Hillion Res, Bedok Res, Punggol Watertown, their max GFA allocation for Res & Commercial etc, land price & selling price (assuming developers' margin the same).

Nine Res / 9 Junction @ Yishun ave 9, another mixed development will be selling residential @ $1400psf. Land price $794

With land price of $1076, most likely $1600 psf up.

**henryhk** · 05-09-13, 20:56

Yishun condo cannot be selling more than 1500 psf la, this will make our guardians jump!

The cooling measures are not working......

Can they don't award to the highest bidder but give to the lowest bidder??

**p3nboy** · 05-09-13, 21:12

Is about time, yishun HUAT AH!!!!

**star** · 05-09-13, 21:13

The effect of condo delink from hdb.
Condo is now the only appreciating asset.

**Adva181** · 05-09-13, 21:22

Quoted from BT today, wayang siah
Said Chip Eng Seng's spokesman: "Hopefully, we will be able to sell the residential units at below $1,000 psf on average, assuming current market conditions prevail."

In crafting its bid, the group was "of course more sensitive about residential selling prices (following the recent cooling measures)", he added.

For the ave9 plot

**radha08** · 05-09-13, 22:22

huat ahh sky is the limit

**kane** · 05-09-13, 22:51

this takes the meaning of astronomical prices to a whole new level... wth.

**phantom_opera** · 05-09-13, 22:57

Kelong??

UNITS linked to Frasers Centrepoint Ltd have emerged as the top bidder for a mixed-use commercial and residential plot at Yishun Central, putting in a bid that far surpassed consultants' expectations.

North Gem Development and FC North Gem Trustee (Trustee-Manager of North Gem Trust) bidded $1.4 billion for the site with a gross floor area of 1.33 million square feet, which works out to about $1,077 per square foot per plot ratio - based on a plot ratio of 3.

This is some 47 per cent above the second highest bid put in by a consortium involving Far East Civil Engineering, Far East Orchard Limited and Sekisui House.

In total, five bids were made for the site, which sits above the future Yishun bus interchange and is next to Yishun MRT station.

**radha08** · 05-09-13, 23:01

$$$ makes $$$ those who got a LOT of $$$ will make a lot of $$$ this applies to developers/people/countries etc etc

**radha08** · 05-09-13, 23:03

Originally Posted by phantom_opera

Kelong??

UNITS linked to Frasers Centrepoint Ltd have emerged as the top bidder for a mixed-use commercial and residential plot at Yishun Central, putting in a bid that far surpassed consultants' expectations.

North Gem Development and FC North Gem Trustee (Trustee-Manager of North Gem Trust) bidded $1.4 billion for the site with a gross floor area of 1.33 million square feet, which works out to about $1,077 per square foot per plot ratio - based on a plot ratio of 3.

This is some 47 per cent above the second highest bid put in by a consortium involving Far East Civil Engineering, Far East Orchard Limited and Sekisui House.

In total, five bids were made for the site, which sits above the future Yishun bus interchange and is next to Yishun MRT station.

maybe they know something WE dont

**kane** · 05-09-13, 23:04

why kelong if they overbidded by so much?

**kane** · 05-09-13, 23:08

surely if there was something, there will be a few upsized bids rather than just one?

**Adva181** · 05-09-13, 23:19

47% higher? I will sack the guy who put up the bid. Lol

**Pikachu1245** · 05-09-13, 23:21

My guess of 888psf being a lucky number and will get the bid and develop the land seems partially true as there is a 888 in the number of the highest bidder.
Pro 888 your number 888 is also lucky lol

Originally Posted by Pro888

1
North Gem Development Pte. Ltd. & FC North Gem Trustee Pte. Ltd. (as Trustee-Manager of North Gem Trust)
$1,428,880,000

2
Far East Civil Engineering (Pte.) Limited, Far East Orchard Limited & Sekisui House, Ltd.
$969,333,333

3
Zenlead Investments Pte. Ltd. & Zenmost Developments Pte. Ltd.
$930,000,000

4
Sim Lian (Focus) Pte Ltd & Sim Lian (Brilliant) Pte Ltd
$875,000,000

5
Yorkshire Investments (1) Pte. Ltd. and Yorkshire Trustee Pte. Ltd. (in its capacity as trustee of Yorkshire Mall Trust)
$704,500,000

**radha08** · 05-09-13, 23:30

Originally Posted by kane

surely if there was something, there will be a few upsized bids rather than just one?

true we will know the truth the whole truth and nothing but the truth in 10 years time if there REALLY is something

**august** · 05-09-13, 23:32

Originally Posted by Pro888

Do expect unit price from $1600psf up.

at 500 sqft size, lol.

**star** · 05-09-13, 23:36

Originally Posted by kane

why kelong if they overbidded by so much?

They may got internal info that buyer stamp duty is going to reduce...

**star** · 05-09-13, 23:46

Originally Posted by star

They may got internal info that buyer stamp duty is going to reduce...

Now property transactions is too few not making much money from stamp duty. Govt might lower stamp duty abit so to increase transaction.

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