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Arcachon
04-12-21, 10:38
Keppel Land and Wing Tai acquire the Serangoon GLS site for $446.28 million, equivalent to $964.81 psf ppr back in July 2017 – just 1 day after Oxley Holdings snapped up Serangoon Ville.

The 1,052-unit Affinity at Serangoon, which is due to be constructed on the site of ex-HUDC Serangoon Ville, have sold a total of 112 units out of 300 launched for sale. The former HUDC Serangoon Ville was sold to Oxley Holdings via en bloc back in July 2017 for $499 million (equivalent to $835 psf ppr).

After factoring in an additional 7 per cent bonus gross floor area (GFA) for the residential component, the land rate is S$1,388 psf ppr

https://www.businesstimes.com.sg/companies-markets/en-bloc-die-hard-peace-centre-finally-nails-it-with-s650m-deal?utm_source=twitter&utm_medium=social-organic&fbclid=IwAR1bXUNoMTCQQFUAjEinDZ9nxhEeUymNMBUKjv0lLS9ufsc19AQVLYJVR8U

GLS site at Ang Mo Kio Ave 1 draws 15 bids with top bid of $1,118 psf

https://www.edgeprop.sg/property-news/gls-site-ang-mo-kio-ave-1-draws-15-bids-top-bid-1118-psf

MCC Land’s bid of $248.99 million translates to a land rate of $930.34 psf per plot ratio (ppr) for the 95,587 sq ft, 99-year leasehold site.

https://www.edgeprop.sg/property-news/behind-bullish-bids-gls-sites-tanah-merah-and-yishun