PDA

View Full Version : New EC site at pasir ris Dr 3



spyro
23-11-12, 08:22
http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/194BFD086EF7D70A48257ABE002E70D1?OpenDocument

Big land area n better than Sea Strand n Water color...

bakasa2002
23-11-12, 09:14
http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/194BFD086EF7D70A48257ABE002E70D1?OpenDocument

Big land area n better than Sea Strand n Water color...

I can understand the big land area part but how you definite 'better'?

It seems like MCL will be shifting their construction convoy over once they done with Ripple Bay. ;)

bakasa2002
23-11-12, 09:17
Hao Yuan tops Pasir Ris EC tender with S$207m bid


Updated 08:48 PM Nov 22, 2012
SINGAPORE - A hotly contested tender for an Executive Condominium site in Pasir Ris attracted 10 bids by the close on Thursday, with the highest one coming from Hao Yuan Investment, which quoted S$207 million, Housing and Development Board data showed.

The 297,729 square feet site in Pasir Ris Drive 3 / Pasir Ris Rise has a plot ratio of 2.1, giving it a maximum allowable gross floor area of 625,232 sq ft.

The bid by Hao Yuan, an experienced developer of ECs, translates to S$331 per sq ft per plot ratio and beat the second-best bid from World Class Investments by a mere 0.15 per cent, said Mr Eugene Lim, Key Executive Officer at ERA Realty Network.

He estimated the breakeven at S$600 to S$650 psf.

"This is an excellent site, with a variety of shopping, dining and recreational activities nearby. This includes Downtown East, Pasir Ris Park and White Sands," he said.

"Nearby, Watercolours as of end-October sold 270 of its 416 units and has a median price of $719 psf," he added.

He said that upgraders chasing a condominium lifestyle at more affordable prices would continue to be enticed by ECs.

spyro
23-11-12, 10:00
I can understand the big land area part but how you definite 'better'?

It seems like MCL will be shifting their construction convoy over once they done with Ripple Bay. ;)

Better in the sense that at least the ones nearer the sea will hv seaview? As compared to the other 2 wch hv blockage by seaesta n rb.. :2cents:

bakasa2002
23-11-12, 10:18
Better in the sense that at least the ones nearer the sea will hv seaview? As compared to the other 2 wch hv blockage by seaesta n rb.. :2cents:

Good point ... Missed that out ... Got seaview frontage! It should be key selling point and they paid a reasonable price for the land. :)

radha08
23-11-12, 11:16
Good point ... Missed that out ... Got seaview frontage! It should be key selling point and they paid a reasonable price for the land. :)

i believe watercolours not selling well cos of this one...got a felling will be another heron bay...:cool:

radha08
23-11-12, 13:10
http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/194BFD086EF7D70A48257ABE002E70D1?OpenDocument

Big land area n better than Sea Strand n Water color...

ha ha hoi hup also bid at 189mil....:cheers1:...trying to build seaesta 2:spliff:

radha08
23-11-12, 18:07
I can understand the big land area part but how you definite 'better'?

It seems like MCL will be shifting their construction convoy over once they done with Ripple Bay. ;)

why mcl land:confused:

radha08
23-11-12, 18:35
developer also behind forrestville ec in woodlands...:rolleyes:...think this one maybe launch next year:cool:

price
23-11-12, 22:04
I can understand the big land area part but how you definite 'better'?

It seems like MCL will be shifting their construction convoy over once they done with Ripple Bay. ;)
MCC or MCL?

bakasa2002
23-11-12, 22:19
MCC or MCL?

Pai say, it's MCC...another china developer?