Category Archives: Property Market / Real Estate

13 bids for residential site at Tanah Merah Kechil Road

Posted on 1 Aug 2012 | Comments Off on 13 bids for residential site at Tanah Merah Kechil Road

The Urban Redevelopment Authority (URA) closed the tender for the residential site at Tanah Merah Kechil Road today.

The site at Tanah Merah Kechil Road was launched for sale by public tender on 20 June 2012. The site was offered for sale on a 99-year lease.

The 13,998.5m2 site is located within an established private residential estate and is close to Tanah Merah MRT Interchange station. It is also easily accessible by expressways such as East Coast Parkway and Pan Island Expressway.

A total of 13 tenders were received. The highest bidder is by Fragrance Group Limited and World Class Land Pte Ltd at S$285.215 million. This also translates to S$676 per square foot per plot ratio (psf ppr).

The breakeven price of between S$1,000 to S$1,100 per sq ft is expected.

The top bid is 1.8 per cent higher than the second bidder, Areca Investments Pte Ltd.

A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.

Source URA 2012 Jul 31

 

 

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Prices of small units slipped 1.4%

Posted on 1 Aug 2012 | Comments Off on Prices of small units slipped 1.4%

Prices of completed small apartments measuring up to 506 sq ft declined 1.4 percent in June, according to the National University of Singapore’s (NUS) Singapore Residential Price Index (SRPI).

Based on flash estimates, the sub-index for units in the Central Region (excluding small units) also slipped 0.9 percent from the previous month. The area comprises Districts 1 to 4 including Sentosa Cove and the financial district, as well as traditional prime districts 9, 10 and 11.

On the other hand, home prices in the Non-Central Region rose 1.7 percent month-on-month in June.

Overall, the SRPI was flat in June compared to the previous month which saw a 1.4 percent month-on-month increase.

The SRPI tracks prices of completed condos and apartments.

Source ProertyGuru 2012 Jul 31

 

 

 

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Posted in Property Market / Real Estate, Sentosa Property

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