Jul 21, 2010
Jalan Eunos and Buangkok sites for sale
DEVELOPERS have been invited to lodge bids for a 4.1ha residential site in Jalan Eunos.
The 99-year leasehold land parcel can yield 525 low-rise housing units and is permitted a maximum gross floor area of 57,766 sq m.
The developer can opt to build landed homes of up to three storeys on the site, which is near the Eunos flyover.
The sale tender was launched by the Government yesterday.
CBRE Research executive director Li Hiaw Ho said the site is likely to fetch a land price of $218 million to $249 million, or $350 to $400 per sq ft per plot ratio (psf ppr). He said a low-rise condo on the site can probably fetch $850 psf on average.
Ngee Ann Polytechnic real estate lecturer Nicholas Mak expects the site to attract lower bids of $280 to $320 psf ppr.
'Developers may not want to bid very aggressively, given that there will be many sites coming up for sale,' he said.
Yesterday, the Urban Redevelopment Authority also made available another residential site for sale if developers show interest.
This 1.8ha site is at the junction of Buangkok Drive and Sengkang Central, and is near the Buangkok MRT station. With a maximum gross floor area of 55,027 sq m, it can yield 495 apartments.
In response to the strong demand for private homes - and the resulting demand for land from developers - the Government has placed a record 31 sites on its land sales programme for the second half of the year.
The tender for the Jalan Eunos site closes on Sept 7.
JOYCE TEO
Subscribe to:
Post Comments (Atom)
Pre-development Land Investing
In business for over 30 years, success in providing real estate investment opportunities to clients around the world is a simple, yet effective separation of roles and responsibilites. The four pillars of strength guide the land from the research and acquisition, through to the exit, including the distribution of proceeds to our clients ......
To know more how this is really work for you and your clients....
Please contact me Terence Tay @ (+65) 9387-5896 or email : terencetay.kh@gmail.com
To know more how this is really work for you and your clients....
Please contact me Terence Tay @ (+65) 9387-5896 or email : terencetay.kh@gmail.com
Posts
Hello Everybody,
ReplyDeleteMy name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.
BORROWERS APPLICATION DETAILS
1. Name Of Applicant in Full:……..
2. Telephone Numbers:……….
3. Address and Location:…….
4. Amount in request………..
5. Repayment Period:………..
6. Purpose Of Loan………….
7. country…………………
8. phone…………………..
9. occupation………………
10.age/sex…………………
11.Monthly Income…………..
12.Email……………..
Regards.
Managements
Email Kindly Contact: urgentloan22@gmail.com