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View Full Version : Plot near Hillview MRT sold for 616psf


phantom_opera
18-09-12, 18:20
A state tender for a 99-year leasehold private housing site at Dairy Farm Road has drawn nine bids.
The top bid, from a tie-up between First Shine Properties and Meadows Bright Development, was the top bidder at $244.318 million or $616 per square foot per plot ratio (psf ppr).
The second highest bid was from Secure Development, at $222.3 million ($560.49 psf ppr).
The lowest bid, from a partnership between Capital Development and ZACD Investments, was around $166.58 milllion or $419.99 psf ppr.
The tender, conducted by Urban Redevelopment Autohrity, closed at noon on September 18.

=> target sales price will be 1200-1300psf
Ringo33
18-09-12, 19:37
A state tender for a 99-year leasehold private housing site at Dairy Farm Road has drawn nine bids.
The top bid, from a tie-up between First Shine Properties and Meadows Bright Development, was the top bidder at $244.318 million or $616 per square foot per plot ratio (psf ppr).
The second highest bid was from Secure Development, at $222.3 million ($560.49 psf ppr).
The lowest bid, from a partnership between Capital Development and ZACD Investments, was around $166.58 milllion or $419.99 psf ppr.
The tender, conducted by Urban Redevelopment Autohrity, closed at noon on September 18.

=> target sales price will be 1200-1300psf

damn developers are always coming out with all sort of funny name. Does anyone know who is who or where to check?
ZeeWee
18-09-12, 20:45
damn developers are always coming out with all sort of funny name. Does anyone know who is who or where to check?

sounds like Tiong Aik for Meadows
phantom_opera
18-09-12, 21:06
same price as the Centro Residences land a few years ago :p

looks like anywhere near MRT will be at least 600psf for land
Kanarazu
19-09-12, 07:24
same price as the Centro Residences land a few years ago :p

looks like anywhere near MRT will be at least 600psf for land

Estimated 470m walk to the future MRT station.
samuelk
19-09-12, 07:37
Estimated 470m walk to the future MRT station.
every 50m is the length of one lap post to another. That's close to the length of 10 lamp post.

quite a good workout every day if there is no rain
Ringo33
19-09-12, 08:02
same price as the Centro Residences land a few years ago :p

looks like anywhere near MRT will be at least 600psf for land

When LTA announce their plans for future MRT line in Q1 next year, I am sure there will be another round of spike.
Kanarazu
19-09-12, 08:57
every 50m is the length of one lap post to another. That's close to the length of 10 lamp post.

quite a good workout every day if there is no rain

It's about 7 min walk...Pretty walkable distance actually.
phantom_opera
19-09-12, 09:02
anything < 500m flat land is always ok

with shelter will be better
ethan80
19-09-12, 15:09
http://sbr.com.sg/residential-property/news/government-may-have-hurt-dairy-farm-road-bidding