EC hitting 9XXpsf soon
An executive condominium (EC) site (pictured) at Tampines Avenue 10 (Parcel A) has seen just three bids, with a consortium comprising F.E. Lakeside Ltd, FCL Topaz Ltd and Sekisui House Ltd offering the highest bid of S$252.78 million.
“As the site’s location is more challenging, it attracted only three bids. The top bid of S$252.78 million or S$418 psf ppr reflects a breakeven cost of S$800 psf to S$820 psf. It is likely that the new project will be priced around S$900 psf,” said Li Hiaw Ho, Executive Director at CBRE.
=> 418psf for EC behind Waterview WOW !!! The selling point will be 9XXpsf, must respect FEO
This one has Quarry View so they are going to sell 1000psf for lakeview??
Ride at your own risk !!!