Success Of High Park Residences Spark Keen Interest For A Nearby Site

"The launch of this tender is prompt as it supplies a home window of possibility for designers to support their land financial institutions … Competition will certainly be eager, particularly from developers that have actually not been granted any type of domestic sites for the previous couple of tenders," claimed Mr Desmond Sim, head of CBRE Research for Singapore as well as South-east Asia. It is the very first of 4 verified checklist sites to be offered under the Government Land Sales program for this fifty percent of the year. 3 various other sites – in Perumal Road, West Coast Vale as well as Upper Serangoon Road – are provide verified to buy by the end of the year. A lot of the condo units near the Fernvale Road site were negotiated at costs varying in between $970 psf as well as $1,060 psf, based upon sales in the initial 7 months of the year. Building working as a consultant Edmund Tie & Company stated URA Realis information revealed the typical system rate at High Park Residences had to do with $988 psf.

Situated near Thanggam LRT terminal as well as features consisting of Sengkang Riverside Park and also The Seletar Mall, this land site might generate around 605 exclusive homes. Dreaming of all the good things that come with living by a Sengkang Riverside Park? Parc Botannia is it. Shared this link to know more about Parc Botannia condo forum. Intense bidding process anticipated for Fernvale apartment site specifically after in 2015's unbelievable success of High Park Residences located close-by. Experts anticipate the 99-year leasehold 17,196.4 sq m story of land in Fernvale Road to attract in between 5 and also 10 proposals from developers, with deals getting to as high as $272 million. Experts anticipate eager competitors, offered much better market belief and also the smash hit sales at High Park Residences. The job had actually marketed 1,169 from 1,186 units when they were launched in July in 2014. Since last month, just 26 from 1,390 units stayed unsold.

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