UOL winning bid at Sengkang West

[phantom_opera]

near H2O

A 99-year leasehold private housing site in Sengkang West Way has attracted eight bids.
The highest bid, from UOL Group unit Secure Development, is S$262.1 million or S$488.84 per square foot per plot ratio (psf ppr).
The next highest bid from Bayfront Land, a tie-up between Aspial Corporation and Fragrance Group, was S$253.55 million or S$472.89 psf ppr. The lowest bid, from CapitaLand unit Athens Residential Development, was S$110.999 million or S$207.01 psf ppr.
The site was offered at a state tender, which closed on Thursday, April 11.

=> nowadays far from MRT OCR close to 500psf, MRT 650psf

=> FEO group bid 429psf

[rockinsg]

Days of 1k psf condo will be coming to end very soon.

[may2012]

yes, looks like price is coming down soon.....

[Allthepies]

488 + 300 construction + 20% profit = 930psf. Yup below 1000psf.

[chestnut]

http://www.ocbcresearch.com/pdf_repo...110317-OIR.pdf

Read page 4. Luxurie land cost - 502. Expected breakeven price - $913 psf.

[creative_vitamin]

luncky its not frangence land !!!

[DKSG]

488 + 300 construction + 20% profit = 930psf. Yup below 1000psf.

Your construction costs is outdated already.

DKSG

[Allthepies]

Your construction costs is outdated already.

DKSG

Oops now $400 to $450 for mass market condo??!!

[phantom_opera]

Archipelago was bought by UOL around the same psf ... selling price above 1000psf

mass market construction cost 250-280psf
land cost + architect 500psf
legal/finance cost add 50-80psf
marketing cost add 50psf

have to sell slightly above 1000psf to have healthy margin mah

[kane]

near H2O

A 99-year leasehold private housing site in Sengkang West Way has attracted eight bids.
The highest bid, from UOL Group unit Secure Development, is S$262.1 million or S$488.84 per square foot per plot ratio (psf ppr).
The next highest bid from Bayfront Land, a tie-up between Aspial Corporation and Fragrance Group, was S$253.55 million or S$472.89 psf ppr. The lowest bid, from CapitaLand unit Athens Residential Development, was S$110.999 million or S$207.01 psf ppr.
The site was offered at a state tender, which closed on Thursday, April 11.

=> nowadays far from MRT OCR close to 500psf, MRT 650psf

=> FEO group bid 429psf

any map of the exact site available? interesting...

capitaland bid so low ah? heh. surprised to see FEO's name in the mix as the top few contender.

[Rysk]

Archipelago was bought by UOL around the same psf ... selling price above 1000psf

have to sell slightly above 1000psf to have healthy margin mah

Archipelago is at Bedok..
This one is the low low end mass market at Sengkang.. even if is priced at 950-990psf.. "Price indeed UP UP UP" lor

[chiaberry]

any map of the exact site available? interesting...

capitaland bid so low ah? heh. surprised to see FEO's name in the mix as the top few contender.

http://www.ura.gov.sg/pr/graphics/2013/pr13-13b.pdf

This is not far from H2O. But far from MRT/LRT. It could have some good views of the river though (like H2O). And the Riverside Park if the developer orientates it maximally NE.

[lionhill]

Archipelago is at Bedok..
This one is the low low end mass market at Sengkang.. even if is priced at 950-990psf.. "Price indeed UP UP UP" lor

If the buyers' sentiment is as good as today, be preprere for $1200-$1300 psf.

[azeoprop]

Snap up H20 residences at 900psf before it is too late!!

[4wheels]

Snap up H20 residences at 900psf before it is too late!!

don't think H2O selling at that price. It's more like 950psf to 1000psf