Connect with Us     

NEW LAUNCH PROPERTY - SINGAPORE PROPERTY PORTAL

Connect with Us               

Developer Sales Enquiry: 9789 8770

New Property Dream News Blog

Be Updated Daily with the New Happenings in the Property Market!
"Hit" the 'Subscribe to blog' on your right for Daily Property News Updates!

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

Mt Sophia plot draws strong bids from 9 bidders

Posted by on in Uncategorized
  • Font size: Larger Smaller
  • Hits: 51922
  • Subscribe to this entry
  • Print
A consortium comprising Hoi Hup Realty, Sunway Developments and SC Wong Holdings has narrowly emerged as the top bidder of a plum, 99-year leasehold residential site at Mount Sophia. It drew as many as nine bidders, on the higher end of consultants' expectations.

The trio's bid of $442.3 million - or $1,156.53 per square foot per plot ratio (psf ppr) - was just 0.06 per cent higher than that put in by a unit of China-based developer Fantasia Holdings Group and private equity firm F&H Fund Management. They offered $442 million, or $1,155.80 psf ppr.
Consultants had earlier expected five to 15 bidders for the site, with the winning bid at $1,000 to $1,300 psf ppr.

It is the first site in District 9 to be sold since 2007 under the Government Land Sales (GLS) programme.

The 255,864 sq ft plot has a maximum gross floor area (GFA) of 382,420 sq ft and can yield about 500 private homes. It is within walking distance from Dhoby Ghaut MRT Station and Plaza Singapura.

From January to August this year, the median price of units selling at the nearby 8@Mount Sophia and Suites at Orchard is $1,613 psf and $1,906 psf, respectively.

Both are leasehold developments, with the former completed in 2008 and the latter to be completed by 2015.

Other bidders for the site include Far East Organization and Sekisui House, which put in a joint bid of $1,123.84 psf ppr, 2.9 per cent below the top bid.

The lowest bid came from EL Development, which put in $744.73 psf ppr for the plot.

Credit from Business Times - 11 September 2013
Rate this blog entry:
0
 

 

To all Real Estate Investors and Future Property Owners,

Hello there, this is Sky Chiu, your Singapore Real Estate Advisor, welcome and thank you for reading through to my News Blog! If you would like to be updated with the Property Market Insights, Do Subscribe to my Blog or via RSS on the Top Right of this page!


With 9 years of experience in real estate business, equipped with in-depth property market and new projects knowledge and insights, i committed to give all my valued clients detailed and clearer analysis before they committed to their dream home - whether you are a first time property seller, an experienced property investor, a first time property buyer or a foreigner looking to move into Singapore.


My dedicated services cover my valued clients through the whole process - selling the property at the Highest Possible Price, finding the Right property, negotiating the for the Best Price, to making an Offer and closing the Best Deal. As your Personal Real Estate Consultant, i am here to help you in everything to make the best real estate decision in your life. Your Satisfaction is My First Priority!

 
Phone Support

 

YOUR DEDICATED PROPERTY ADVISOR

We have a group of very experienced property advisors with in-depth property market and new projects knowledge and insights to give our clients a detailed and clearer analysis before they committed to their dream home from us.

We identify our clients' needs, help them to restructure and maximise their property portfolios. We successfully advised and helped our clients on their loan restructuring and financial timeline management on their property investment.

Contact Us for An Non-Obligatory Discussion Today!

 

DIRECT DEVELOPER PRICE

Danish candy sesame snaps sugar plum candy canes sweet donut sugar plum

 

DIRECT DEVELOPER PRICE

Danish candy sesame snaps sugar plum candy canes sweet donut sugar plum

 

NO COMMISSION

Danish candy sesame snaps sugar plum candy canes sweet donut sugar plum