628psf for site at Pheng Geck Avenue

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28-06-12, 22:09
phantom_opera

628psf for site at Pheng Geck Avenue

Pheng Geck Ave site fetches 13 bids, highest at $114.8m

The residential site at Pheng Geck Avenue fetched the highest bid of $114.8 million when tender closed on Thursday, the Urban Redevelopment Authority said.
The highest bid, which works out to $6,762.09 per sq m of gross floor area (GFA), was submitted by Santarli Corporation Pte Ltd.
Thirteen other bids were received for the 4,850.5 sq m site, which has a maximum permissible GFA of 16,977 sq m.
Vantage Properties Pte Ltd submitted the lowest bid of $92.5 million, or $5,448.55 per sq m per GFA.

http://www.ura.gov.sg/sales/PhengGec...-intro(CL).jpg
29-06-12, 17:04
Wild Falcon

15 bids for this while only pathetic 5 bids on the Farrer Road site. Some more got developer call the Farrer Road area the "backyard" of district 10. looks like nowadays developers are more discerning liao.
29-06-12, 17:59
TheOnlyGayInTheVillage

Quote:

Originally Posted by Wild Falcon

15 bids for this while only pathetic 5 bids on the Farrer Road site. Some more got developer call the Farrer Road area the "backyard" of district 10. looks like nowadays developers are more discerning liao.

well wat does one place in the backyard? ... rubbish
29-06-12, 18:01
DC33_2008

It will be transformed to a busy and happening place when all the three sites are developed. ;)

Quote:

Originally Posted by phantom_opera

Pheng Geck Ave site fetches 13 bids, highest at $114.8m

The residential site at Pheng Geck Avenue fetched the highest bid of $114.8 million when tender closed on Thursday, the Urban Redevelopment Authority said.
The highest bid, which works out to $6,762.09 per sq m of gross floor area (GFA), was submitted by Santarli Corporation Pte Ltd.
Thirteen other bids were received for the 4,850.5 sq m site, which has a maximum permissible GFA of 16,977 sq m.
Vantage Properties Pte Ltd submitted the lowest bid of $92.5 million, or $5,448.55 per sq m per GFA.

http://www.ura.gov.sg/sales/PhengGec...-intro(CL).jpg
30-06-12, 00:31
CCR

Quote:

Originally Posted by Wild Falcon

15 bids for this while only pathetic 5 bids on the Farrer Road site. Some more got developer call the Farrer Road area the "backyard" of district 10. looks like nowadays developers are more discerning liao.

It doesn't matter coz farrer price is 1048 psf.... So still quite a big gap between city fringe and D10
30-06-12, 07:16
hyenergix

I suppose 2 bedder is around $1200 psf. If it is not as cramped as 8 Riversuites, then it should sell well.
04-07-12, 15:28
alamak

Quote:

Originally Posted by DC33_2008

It will be transformed to a busy and happening place when all the three sites are developed. ;)

Yeah Yeah Yeah ! Potong Pasir is never the same again :D
04-07-12, 19:28
scsc

Quote:

Originally Posted by alamak

Yeah Yeah Yeah ! Potong Pasir is never the same again :D

staying the same is always too risky for the incumbent.
Always better to ride on higher hopes for refresh developments...

Just hang the mall plans on the tree, that will do the magic
06-07-12, 19:58
carbuncle

Looks like more reason to rejoice for PP residents and investors

TNP PHOTO: ARIFFIN JAMAR
The 28-year wait is over for residents in
Potong Pasir.
Their Member of Parliament, Mr Sitoh Yih
Pin, said he received approval for
upgrading from both the Ministry of
National Development (MND) and Housing
Board (HDB) “early this week”.
This makes it the first time the former
opposition hotbed of Potong Pasir is being
upgraded -- should 75 per cent of resident
vote “yes”.
Two of the five precincts within the
constituency have been shortlisted for
improvements. The go-ahead has been
given to both, with a $5.5 million
Government funding.
But residents The New Paper spoke to had
mixed feelings towards the news. Some
welcomed the upcoming improvements,
while another wanted “improvements to the
basic amenities” to be addressed first.
Read the full story in The New Paper on
Friday (July 6).
21-10-12, 19:11
alamak

This plot is being rounded up with scalffolding ready for the big demolition job liao .. as next door Sennate residence (3 towers 18 storey + 1 5-storey ) is about to launch

Wow .. can't imagine all those pre-war time shop houses and 2 story terraces with circular stairways being erased from history ..

P P is never the same again ...
21-10-12, 19:44
azeoprop

Quote:

Originally Posted by alamak

This plot is being rounded up with scalffolding ready for the big demolition job liao .. as next door Sennate residence (3 towers 18 storey + 1 5-storey ) is about to launch

Wow .. can't imagine all those pre-war time shop houses and 2 story terraces with circular stairways being erased from history ..

P P is never the same again ...

Same for the generation born during the pre-war era of 1920 and 30s, many would have passed on, memories erased ....:(
21-10-12, 20:00
Kanarazu

Quote:

Originally Posted by azeoprop

Same for the generation born during the pre-war era of 1920 and 30s, many would have passed on, memories erased ....:(

If they are really that old and unique the buildings should be gazetted for conservation instead of demolishing.
21-10-12, 21:31
price

but there're already so many other buildings out there conserved.