View Full Version : Jalan Lempeng site fetches $554.40psf ppr
bargain hunter
12-01-12, 19:26
IOI won the bid, paying 13% more than UOL.
http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/69640EEE3FDE575048257983002D383B?OpenDocument
How does this bid compare with neighbouring plots?
Allthepies
12-01-12, 20:52
Any comment about the developer IOI?
Allthepies
12-01-12, 21:00
Who is IOI?
Malaysian developer
Malaysian developer
Icic, thanks.
Does this mean Parkwest can say bye bye to their enbloc price?
Isn't that the developer who is doing the flop project Cityscape@ farrer park?
Allthepies
12-01-12, 21:32
Icic, thanks.
Does this mean Parkwest can say bye bye to their enbloc price?
What their asking psf price ?
What their asking psf price ?
Their reserved price is $803million which makes it abt $762psfppr. Think no bidders when their tender closed.
762psf ppr was the reserved price? that's pretty high no?
762psf ppr was the reserved price? that's pretty high no?
Guess dats why no bidders? Property sentiment down but people's expectations still skyhigh?
that'll curtail supply down the line.
If i m not wrong, they still have to pay development charges & topping up the lease period.
Developer then has to sell at least $1100 - $1200psf.
Highly accessible by AYE and PIE, with direct buses or MRT to Jurong Lake District, and beside Nan Hua Pri Sch, my estimate is launching around $1200 psf for 2 bedders.
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