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View Full Version : EC site in Woodlands fetched a top bid of S$216 million



Pro888
10-05-13, 11:36
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.

star
10-05-13, 12:35
$830psf!! New high in ulu area.

radha08
10-05-13, 16:32
next cm will take care of ec:cool:

Pro888
10-05-13, 21:25
next cm will take care of ec:cool:

Unless ec hit $1000psf generally. Then PC will move up to $1100-$1200psf.

phantom_opera
10-05-13, 22:22
341psf
220psf construction
80psf others
=======
641psf cost price

yeah 8xxpsf for sure

kane
11-05-13, 00:14
maybe the developer scared next time no EC segment to develop, ka ka whack this one. $830psf?? that takes the cake.

Komo
11-05-13, 09:01
this ec site sure creating a tsunami :scared-5:

NO_7
11-05-13, 09:53
TF is very hot now.

rymccondo77
11-05-13, 12:35
Today is flat selection day for those with a Q number for Twin Fountains EC.

kane
11-05-13, 19:41
Very crowded there?

Vpromax
11-05-13, 21:30
Ya..car park also full... Just now drove pass still got ppl drive in:eek: :scared-4:

jeffrey.teng
13-05-13, 18:09
Ya..car park also full... Just now drove pass still got ppl drive in:eek: :scared-4:

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 (http://http://www.twin-fountainsec.com/)