Yishun EC site gets 11 bids, what will be the launch price
The Executive Condominium site at far off Yishun Avenue 11 is pretty hot, and has attracted 10 bids. The site is likely to be won by MCC Land Singapore with a $127.8m bid. 
According to CBRE, the break even price for the condo built would be roughly $520 psf. Which means that the developer has plenty of space to maneuver between The Estuary's recent pricing of ~$735-870 psf and still make a healthy profit.
Of course the EC developer could get greedy and keep in trend with the recent launch of The Estuary...but that would mean ~$750psf Executive Condos. Would you bite then?
Just to clear your heads, the Lilydale Executive Condominium that sits just beside the EC site, recently transacted between $516-536psf.
image: HDB
Posted on 12-03-2010 12:37 | By Francis
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