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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

kane
12-01-12, 20:45
How does this bid compare with neighbouring plots?

Allthepies
12-01-12, 20:52
Any comment about the developer IOI?

TheIdler
12-01-12, 20:57
Who is IOI?

Allthepies
12-01-12, 21:00
Who is IOI?

Malaysian developer

TheIdler
12-01-12, 21:15
Malaysian developer

Icic, thanks.

Does this mean Parkwest can say bye bye to their enbloc price?

azeoprop
12-01-12, 21:16
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 ?

TheIdler
12-01-12, 22:03
What their asking psf price ?

Their reserved price is $803million which makes it abt $762psfppr. Think no bidders when their tender closed.

kane
12-01-12, 22:58
762psf ppr was the reserved price? that's pretty high no?

TheIdler
12-01-12, 23:10
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?

kane
12-01-12, 23:18
that'll curtail supply down the line.

Pro888
12-01-12, 23:25
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.

hyenergix
14-01-12, 21:18
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.