EC land bid inching up

[phantom_opera]

The land parcel at Tampines Central 7, Tampines Ave 7 and Tampines Ave 9, fetched the highest bid of $233.53 million when it closed on Thursday.
Singxpress Property Development Pte Ltd, Creative Investments Pte Ltd and Kay Lim Realty Pte Ltd jointly submitted the top bid, which works out to $4,019.28 per sq m per gross floor area (GFA).
The land measures 20,750.50 sq m and has a maximum GFA of 58,101.40 sq m. It has a 99 year lease and can yield 580 units of executive condominium housing when completed.
A total of six bids were received, with the lowest coming in at $215.5 million, submitted by MCL Land Limited.

373psf ... so we are looking at selling price of 750-800psf for this Tampines EC

EC also 800psf liao, very soon no OCR PC below 1000psf

[kane]

Breakeven probably around 700psf...

[price]

The land parcel at Tampines Central 7, Tampines Ave 7 and Tampines Ave 9, fetched the highest bid of $233.53 million when it closed on Thursday.
Singxpress Property Development Pte Ltd, Creative Investments Pte Ltd and Kay Lim Realty Pte Ltd jointly submitted the top bid, which works out to $4,019.28 per sq m per gross floor area (GFA).
The land measures 20,750.50 sq m and has a maximum GFA of 58,101.40 sq m. It has a 99 year lease and can yield 580 units of executive condominium housing when completed.
A total of six bids were received, with the lowest coming in at $215.5 million, submitted by MCL Land Limited.

373psf ... so we are looking at selling price of 750-800psf for this Tampines EC

EC also 800psf liao, very soon no OCR PC below 1000psf
highest and lowest bid not very far apart? is MCL running out of land?

[yjcai]

Trilliant 398 psf ppr. But cut back on facilities to sell near 800 psf. This one should be about there also. This one better buy in my opinion

[bakasa2002]

Same developer as PR ONE, is this their 2nd foray after their virgin project?

Sim Lian surprising did not bid aggressively for this proj, considering they cld have done a round up of that area w The Premiere, Centrale8, Trilliant and this site. Are they finding the last 2 difficult to sell? :)