Copied this article form. How much u think FEO will sell this off Psf wise. Seems like the 2 new plots released attracted some interest for building Smaller units. The 1 bedders in D'leedon response was quiet good I think.
Opinions ?
Good demand for residential site at Farrer*Road
POSTED BY LUXURYASIAHOME ⋅ AUGUST 28, 2012 ⋅ LEAVE A COMMENT
FILED UNDER *FARRER ROAD, LAND SALES, REAL-ESTATE
The Urban Redevelopment Authority (URA) closed the tender for the residential site at Farrer Road today, receiving a total 15 bids from developers.
The highest bid is by Far East Soho Pte. Ltd. at $45.777 million or $11,924.20 per square meter of gross floor area (GFA).
With a land area about 0.27 ha, the residential site is expected to generate a GFA of about 3,839m².
The site at Farrer Road was launched for sale by public tender on 30 July 2012. It was originally on the Reserve List of the Government Land Sales Programme. URA had, on 18 July 2012, accepted a successful application for the site to be put up for sale. The site was offered for sale on a 99-year lease.
A decision on the award of the tender will be made after the bids have been evaluated.