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Thread: Fernvale Siie Land Bids

  1. #1
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    Default Fernvale Siie Land Bids

    A plum 99-year private housing site along Fernvale Close in Sengkang West, fronting Sungei Punggol, has attracted nine bids.

    The highest bid of S$256.98 million or S$533.01 per square foot per plot ratio (psf ppr) was from a three-party consortium comprising Frasers Centrepoint's FCL Topaz, Far East Orchard Limited and Sekisui House.

    The second highest of S$250 million or S$518.53 psf ppr was from MCC Land (Singapore).

    UOL Development (Sengkang) Pte Ltd offered S$240.2 million for the site, and Kingsford Development, S$236.73 million. EL Development placed the lowest bid, at S$200.1 million or S$415.03 psf ppr.

  2. #2
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    $533 psf for fernvale close? Suddenly H2O might have a renaissance.

  3. #3
    Music of the night

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    no more 1000psf Ocr
    Ride at your own risk !!!

  4. #4
    Junior

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    This is mad ... 533ppr for the site and it is not even near MRT!

  5. #5
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    From the bid price, break even price easily 1k PSF, by the time this project launch in year 2014, selling price will be more than 1.1k PSF...

    Seem to me developers are still very optimistic about next year OCR property price...

    I really want to congrate all H2O owner, haven't top already sit on 100 to 200 PSF profit...

    Sengkeng, Punggol, Blungkok & Hougang area, no more 1k PSF PC any more in the year 2014..

  6. #6
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    what potential are the developers seeing in this few birds lay egg place?

  7. #7
    Junior

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    Is it because of Seletar mall? Seletar mall got cineplex. Also it is near seletar aerospace.

  8. #8
    Junior

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    It is true that no more below $1k psf private condo ocr in future.

  9. #9
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    Quote Originally Posted by star
    Is it because of Seletar mall? Seletar mall got cineplex. Also it is near seletar aerospace.
    been past that mall plot, that's actually a pretty small plot for a retail centre.

  10. #10
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    I will hold on to my properties tight tight, ..... Knowing tat we have already priced out of the market like Yeow Tan....everyday cry for crash!!. and it will be worse tis weekend if J gateway launching at the high end of 1600 psf...

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