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Thread: 628psf for site at Pheng Geck Avenue

  1. #1
    Music of the night

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    Default 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.

    Ride at your own risk !!!

  2. #2
    Junior

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    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.

  3. #3
    probably not the only one

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    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

  4. #4
    Senior

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    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.


  5. #5
    Junior

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    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

  6. #6
    Senior

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    I suppose 2 bedder is around $1200 psf. If it is not as cramped as 8 Riversuites, then it should sell well.

  7. #7
    Newbie

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    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

  8. #8
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    Quote Originally Posted by alamak
    Yeah Yeah Yeah ! Potong Pasir is never the same again
    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

  9. #9
    tweet @condoexchange

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    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).

  10. #10
    Newbie

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    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 ...

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