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Thread: The M

  1. #1
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    Default The M

    https://them-87821025.propnex.net/

    Tan Quee Lan Street

    THU, SEP 05, 2019 - The Government Land Sales (GLS) site at Tan Quee Lan Street attracted only two bids at the close of the tender on September 5. The top bid of $800.19 million was submitted by a joint venture between GuocoLand and subsidiaries of Hong Leong Holdings, namely Intrepid Investments and Hong Realty. The bid price translated to $1,535 psf per plot ratio (psf ppr).

    https://www.channelnewsasia.com/news...illion-9259864

    THU, MAR 28, 2019 - A STATE tender for a 99-year leasehold site in Middle Road for private residential with commercial at first storey use has drawn 10 bids.

    The highest bid of nearly S$492 million or about S$1,458 per square foot per plot ratio (psf ppr) was from Wing Tai Holdings' Wingcharm Investment Pte Ltd.

    28 Sept 2017 - A plot of land along Beach Road has been sold for S$1.62 billion to a consortium comprising subsidiaries of property developer Guocoland.

    The winning bid translates to about S$1,706 per square foot per plot ratio.

    September 2007 at $1,068.62 psf ppr. That site has been developed into South Beach Tower.

  2. #2
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    Default Re: The M

    Good to have you back. The forum had been quiet during your absence.

  3. #3
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    Quote Originally Posted by bargain hunter View Post
    Good to have you back. The forum had been quiet during your absence.
    Thank, I like to share hope don't get Bannnnned again.

  4. #4
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    Quote Originally Posted by Arcachon View Post
    Thank, I like to share hope don't get Bannnnned again.
    always enjoyed your sharing. looking forward to more.

  5. #5
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    Default Re: The M

    Wingcharm Investment won the state tender for the M site at close to SGD$492 million, from a field of 10 bidders. (See news report on it here.) This works out to around $1,458 per square foot per plot ratio (PSF PPR) for the land cost.

    The top bid for the Tan Quee Lan St site of S$800.19 million (S$1,535 per square foot per plot ratio) came from GuocoLand, Hong Leong Group and Hong Leong Investment Holdings.

    It will offer unblocked views of Marina Bay, Orchard Road, Kallang Basin, and the sea. It is scheduled to be completed in 1H2022. In September 2017, GuocoLand purchased the Guoco Midtown site on Beach Road for $1.622 billion, or $1,706 psf per plot ratio.

    The M - $1,458 per square foot per plot ratio (PSF PPR) for the land cost. 12 September 2019

    Tan Quee Lan St site - S$1,535 per square foot per plot ratio 5 April 2019

    06 Jul 2018 - https://www.channelnewsasia.com/news...limit-10502710

    Midtown site on Beach Road - $1,706 psf per plot ratio. 3 October 2017

  6. #6
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    Default Re: The M

    The M and its sale demand is setting the benchmark for Midtown Gardens launch this year. For investors wanting to enter D7, especially those who want smaller units, the door is even smaller now.

    I am guessing Midtown Gardens starting price to be in the high $2K region rather than the mids. Then again, it is not exactly the best time to launch property this year but interest rates are really not going anywhere north.

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