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Thread: Two EC sites in Yishun draw healthy number of bids

  1. #1
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    Default Two EC sites in Yishun draw healthy number of bids

    SINGAPORE: Two plots of land for executive condominium development at Yishun Street 51 have attracted a healthy number of bids from developers at the close of tender on Thursday.

    The two adjacent plots were put up for sale under the batch tender closing system, which is aimed at ensuring more prudent bids from developers.

    According to the Housing and Development Board, one plot attracted six bids.

    The top bid came in jointly from Verwood Holdings and TID Residential at S$178.5 million.

    The site measures about 17,940 square metres and is expected to yield 490 units.

    There were eight bids for the other plot, with JBE Holdings placing the top bid of S$184.1 million.

    The plot has a size of about 18,260 square metres and is expected to yield 520 units.

    Desmond Sim, Head of CBRE Research, Singapore, said in a statement that "developers are still hungry for land. The relatively small total quantum for the two sites has enticed a spectrum of developers, big and small, to place competitive bids".

    He also noted that the area is fast becoming an enclave of private developments in an established housing estate.

    http://www.hdb.gov.sg/fi10/fi10296p....F?OpenDocument

    http://www.channelnewsasia.com/news/...n/1117374.html

  2. #2
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    Whats the psf ppr?

  3. #3
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    I think we are going to see two very contrasting take up rate when these 2 projects are launched. My money is on CDL project to sell well due to its lower cost as well as company track recording and brand value.

    On the other hand JBE Holdings could struggle due to its higher cost and lack of branding power.
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

  4. #4
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    Default

    Quote Originally Posted by kane View Post
    Whats the psf ppr?
    both plot ratio are 2.8
    So 1 plot is 330 and another 340.

    breakeven is about 650-680??? Possible? if construction increase could be more?

  5. #5
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    Very cheap!!! If only I can buy!

  6. #6
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    Green is the new gold now.

  7. #7
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    Quote Originally Posted by sgp_condo View Post
    both plot ratio are 2.8
    So 1 plot is 330 and another 340.

    breakeven is about 650-680??? Possible? if construction increase could be more?
    And if they took price from nearby 2 yrs ago launched PC with a 20% cut, then easily it can launch at $850psf on ave.

  8. #8
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    Talking

    Quote Originally Posted by NO_7 View Post
    And if they took price from nearby 2 yrs ago launched PC with a 20% cut, then easily it can launch at $850psf on ave.
    Sky Miltonia

  9. #9
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    Resale closing to 1k psf..

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