Sturdee road URA land auction is one among the Seven piece URA land being auctioned in 2015 for residential purposes. Yes only 7 piece of land was sold. This marked a substantial reduction in land supply therefore directly impact the the supply of new develop private apartments 3 to 4 years from now. Major point to take note is Sturdee Road land parcel may be the only piece of land released that is in the town center in the center of district 8 and it possesses the perfect location among the 7 parcel of land sold in 2015. There are sixteen developers wanting to secure the Sturdee road parcel during its tender. The successful bid from Sustained Land Pte Ltd at $181.2 milllions or $786.9 per square foot and still have gotten this condominium to become name as Sturdee Residences. Real Estate expert anticipate breakeven value to be close to $12xx per square foot and so if developer sell at said 20% profit margin then Sturdee Residences Prices during the preview launch have to be about $14xx psf averagely. This is the clear out sale price tag for that reason I don't develeoper will sell Sturdee Residences at such low per square foot because of the location of Sturdee Residences that's in the town center with City Square Mall just not far away as well as two MRT stations within easy reach to Sturdee Residence. Looking at the subway map we trace that using the 2 metro stations Farrer Park and Bendemeer station you could get access to to as much as 5 train interchange within three railway stops or around 7 min of train traveling time. Other resell private property which include nearby City Square and Citylights condo is transacting as high as $16xxpsf for the smaller unit and if you peer at new launches we now have City gate transacting as much as $18xx to $20xx psf. Developer is still constructing Sturdee Residence showflat now. Preview should be available after march 2016 for people who are planning to pursue. See developer URL for more details http://www.sgpropertyportfolio.com/