Tampines site sees 8 bidders
Remember back in November 2009 when we featured eight mass market sites
the Govt released to cool down the market? Well, the latest one that's
been taken up is the Tampines site. It turned out to be rather popular,
drawing a total of eight bids. Sim Lian Land has put in a top bid of $302m for this 99-year leasehold site facing Bedok Reservoir.
Doing some number-crunching, it works to about $420.90 psf ppr for the site with a maximum permissible gross floor area of 717,468 sqft.
According to CBRE, they expect the selling price to be around $850psf or more. But we think it could go for around $900-$1,000 psf.
Anyway, here is what's left of the eight sites we covered in November 2009:
1. Choa Chu Kang Road / Woodlands Road (above Bukit Panjang LRT Depot)
WON by Far East Organization for $164m
2. Tampines Avenue 1/ Tampines Avenue 10 ~605 units
WON (to be confirmed) by Sim Lian Land for $302m
3. Boon Lay Way / Lakeside Drive ~525 units
Still waiting for bidders
4. Simei Street 3 ~ 250 units
Still waiting for bidders
5. Upper Serangoon Road / Pheng Geck Avenue ~150 units
Still waiting for bidders
6. Sembawang Road / Canberra Drive ~290 units
Still waiting for bidders
7. Buangkok Drive/Compassvale Bow (Executive Condo) ~520 units
WON by Frasers Centrepoint and Lum Chang Building Contractors for $193m
8. Yishun Avenue 11 (Executive Condo) ~385 units
WON by MCC Land Singapore for $127.8m
Via Channel News Asia and URA. Images: URA and Google Maps.
Posted on 17-03-2010 15:30 | By John
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