View Full Version : Plot near Hillview MRT sold for 616psf
phantom_opera
18-09-12, 18:20
A state tender for a 99-year leasehold private housing site at Dairy Farm Road has drawn nine bids.
The top bid, from a tie-up between First Shine Properties and Meadows Bright Development, was the top bidder at $244.318 million or $616 per square foot per plot ratio (psf ppr).
The second highest bid was from Secure Development, at $222.3 million ($560.49 psf ppr).
The lowest bid, from a partnership between Capital Development and ZACD Investments, was around $166.58 milllion or $419.99 psf ppr.
The tender, conducted by Urban Redevelopment Autohrity, closed at noon on September 18.
=> target sales price will be 1200-1300psf
A state tender for a 99-year leasehold private housing site at Dairy Farm Road has drawn nine bids.
The top bid, from a tie-up between First Shine Properties and Meadows Bright Development, was the top bidder at $244.318 million or $616 per square foot per plot ratio (psf ppr).
The second highest bid was from Secure Development, at $222.3 million ($560.49 psf ppr).
The lowest bid, from a partnership between Capital Development and ZACD Investments, was around $166.58 milllion or $419.99 psf ppr.
The tender, conducted by Urban Redevelopment Autohrity, closed at noon on September 18.
=> target sales price will be 1200-1300psf
damn developers are always coming out with all sort of funny name. Does anyone know who is who or where to check?
damn developers are always coming out with all sort of funny name. Does anyone know who is who or where to check?
sounds like Tiong Aik for Meadows
phantom_opera
18-09-12, 21:06
same price as the Centro Residences land a few years ago :p
looks like anywhere near MRT will be at least 600psf for land
same price as the Centro Residences land a few years ago :p
looks like anywhere near MRT will be at least 600psf for land
Estimated 470m walk to the future MRT station.
Estimated 470m walk to the future MRT station.
every 50m is the length of one lap post to another. That's close to the length of 10 lamp post.
quite a good workout every day if there is no rain
same price as the Centro Residences land a few years ago :p
looks like anywhere near MRT will be at least 600psf for land
When LTA announce their plans for future MRT line in Q1 next year, I am sure there will be another round of spike.
every 50m is the length of one lap post to another. That's close to the length of 10 lamp post.
quite a good workout every day if there is no rain
It's about 7 min walk...Pretty walkable distance actually.
phantom_opera
19-09-12, 09:02
anything < 500m flat land is always ok
with shelter will be better
http://sbr.com.sg/residential-property/news/government-may-have-hurt-dairy-farm-road-bidding
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