How much do u expect far east to sell this for ?

[DaytonaSS]

Copied this article form. How much u think FEO will sell this off Psf wise. Seems like the 2 new plots released attracted some interest for building Smaller units. The 1 bedders in D'leedon response was quiet good I think.

Opinions ?


Good demand for residential site at Farrer*Road
POSTED BY LUXURYASIAHOME ⋅ AUGUST 28, 2012 ⋅ LEAVE A COMMENT
FILED UNDER *FARRER ROAD, LAND SALES, REAL-ESTATE
The Urban Redevelopment Authority (URA) closed the tender for the residential site at Farrer Road today, receiving a total 15 bids from developers.

The highest bid is by Far East Soho Pte. Ltd. at $45.777 million or $11,924.20 per square meter of gross floor area (GFA).

With a land area about 0.27 ha, the residential site is expected to generate a GFA of about 3,839m².

The site at Farrer Road was launched for sale by public tender on 30 July 2012. It was originally on the Reserve List of the Government Land Sales Programme. URA had, on 18 July 2012, accepted a successful application for the site to be put up for sale. The site was offered for sale on a 99-year lease.

A decision on the award of the tender will be made after the bids have been evaluated.

[amk]

Behind dukes residences doing 1800 already for large unit. In front serene house Tuan Seng no 2200 no sell. This one, FEO SOHO some more, minimum 2000.

[bargain hunter]

where did u get your data from? in 2012, dukes residence only had 2 transactions. big unit 1711 sq ft transacted at 1519psf in apr and smaller unit 926 sq ft transacted at 1653psf in jul (buyer bought at 1601psf in sep 09 and sold without making any money after stamp duty).

Behind dukes residences doing 1800 already for large unit. In front serene house Tuan Seng no 2200 no sell. This one, FEO SOHO some more, minimum 2000.

[teddybear]

deleted. wrong post.

where did u get your data from? in 2012, dukes residence only had 2 transactions. big unit 1711 sq ft transacted at 1519psf in apr and smaller unit 926 sq ft transacted at 1653psf in jul (buyer bought at 1601psf in sep 09 and sold without making any money after stamp duty).

[amk]

where did u get your data from? in 2012, dukes residence only had 2 transactions. big unit 1711 sq ft transacted at 1519psf in apr and smaller unit 926 sq ft transacted at 1653psf in jul (buyer bought at 1601psf in sep 09 and sold without making any money after stamp duty).

They are double volumes, 1711 sqft is really like 1400, hence the real psf.

[bargain hunter]

for the 2 units transacted this year: #03-09, 926 sq ft is NOT double volume, just a standard 2 bedder. #05, 1711 sq ft penthouse is also not double volume, although there are open terraces.

the #01 and some #03 units are double volume/loft, but those were not transacted since the Dec CM.

They are double volumes, 1711 sqft is really like 1400, hence the real psf.

[amk]

The large duplex and loft units all effectively have their psf 10% higher at least, for a normal sized family unit , I think 1800 is the right assessment if we compare apple to apple, no ? Agent even touted "psf only 1700 only"

Btw thanks for the exact numbers. I wasn't looking at the caveats. Was by memory. I went to see a few units.

[bargain hunter]

then those must be the 2 ground floor loft units which were sold for 17xxpsf in the end in the middle of last year.

The large duplex and loft units all effectively have their psf 10% higher at least, for a normal sized family unit , I think 1800 is the right assessment if we compare apple to apple, no ? Agent even touted "psf only 1700 only"

Btw thanks for the exact numbers. I wasn't looking at the caveats. Was by memory. I went to see a few units.

[bargain hunter]

shouldn't we compare this project more to d'leedon?

maybe they may make it "attractive" by selling some sohos at 19xxpsf and some at 2xxxpsf.

[DaytonaSS]

shouldn't we compare this project more to d'leedon?

maybe they may make it "attractive" by selling some sohos at 19xxpsf and some at 2xxxpsf.

99yr LH at 1900 - 2000, would it make LR look cheap? more acceptable range 1700psf-$1800? taking into account the land cost , is this the likely range?

[bargain hunter]

well, this is far east soho, able to sell at ridiculous psfs all over the island e.g. hillier managed to sell some at 1700psf, so i guess 1900psf, i m already being too conservative some would say?

LR units are big, difficult to sell many units above 2000psf.

99yr LH at 1900 - 2000, would it make LR look cheap? more acceptable range 1700psf-$1800? taking into account the land cost , is this the likely range?