Kingsford Development won both!
$5,623 PSM of GFA for both.. so huatish
Kingsford Development won both!
$5,623 PSM of GFA for both.. so huatish
breakeven at least 900psf ppr....
must sell at 1100psf ah?
Apparently the developers still doesnt believe proerty market will correct
china company, so much money. Just throw some buy in 2 plots in sg is sup sup water?
Ya, they can buy the whole danga bay, wat is two tiny plot!😁😁😁😁
Their hillview peak development still having stagnant sales.
Very bullish
Hillview Peak is a flop. Period.
Power sia. $522 psf ppr. Highest in that area.
Boathse $320
Riversound $391
Why so many here surprise ? Sua Ku...
Inflation in singapore is so COMMON...
You expect prices to come down ?
Can....Wait long long
So prices will, not drop I 2014 2015?
I tink kings ford, see tat Malaysia property measures will chase the local investors back to Singapore, kaka put high bid! From the results, can see kingsford damn so hungry, the rest simply no fight!
Hillview Peak no worries. It will sell itself once the mrt line is up and running.
The other bids also not very low
Crazy pricing. Not even near mrt, although quite near defu.
Intent to landback evident, says Colliers.
Kingsford Development Pte Ltd topped the bidding at both tenders for Upper Serangoon View Parcels A & B at $522 per sq ft per plot ratio for both sites, translating to $258.8 million and $201.6 million, respectively.
Colliers International said the notably higher bids -- Kingsford Development’s top bid for Parcel A is 16% above the second highest bidder and 24.9% above the third highest bidder; while for Parcel B, its bid is 12.7% and 15.8% higher than the second and third highest bids, respectively -- suggest the developer's plans.
"While the bids seem bullish amid current buying sentiments, it indicates the developer’s intention to land bank, to cement its position and to minimise price competition it could potentially face in the vicinity," said Chia Siew Chuin, Director of Research & Advisory at Colliers in a comment after the Urban Redevelopment Authority announced the tender closing for both sites.
At a land price of $522 per sq ft per plot ratio, the estimated breakeven cost for the proposed developments on both sites could range from $860-$920 per sq ft and the selling price could start from $1,000 per sq ft.
Chuin also drew attention to the number of bidders that flocked both tenders.
"Despite the slowdown in new private home sales as a result of the Total Debt Service Ratio (TDSR), the tenders for the two adjoining non-landed residential sites at Upper Serangoon View drew healthy interests from eight contenders each," she reckoned.
The tenders for both land parcels came after a two-month hiatus since the last private residential site located at Mount Sophia that was sold in September 2013.
- See more at: http://sbr.com.sg/residential-proper....KvF72U2b.dpuf
Chinese developer really going for the kill.
Can someone explain why the developer might be thinking of land banking?
What is the advantage?
Thanks for the info !
The company is owned by 3 Chinese Nationals according to this website :
http://singaporerealestatearena.com/...hillview-site/
singapore=chinapore
In the final analysis.....its NOT whether you have a diploma,degree,masters OR PHD....its whether you have a HDB/PC/EC or LANDED...
come to tink of it $522psf ppr isn't exactly very expensive.
juz a couple of mth ago tampines ave 10 parcel b is awarded at $562psf ppr.
u guys tinki which loc is better?