Residential

99-year Sengkang EC sites draws $135m top bid

The 151,779.6-sq-ft site located at the junction of Sengkang West Way and Fernvale Link attracted a total of 6 bids, with the top bid of $135 million or $296.50 psf ppr from CITY Developments’ (CDL) unit Verspring Properties. The site has a 455,338-sq-ft GFA that can yield 420 units though CDL plans to build a 380-unit high-rise EC development. The site is well located, being a five-minute walk away from the Layar LRT Station, and within walking distance from primary and secondary schools, the Sengkang Riverside Park, Punggol Reservoir and Sengkang Sports Complex. It is expected to have a break-even price and average selling price of $560-$610 psf and $670-750 psf respectively.

(Source: Business Times)

Resale prices of non-landed private homes rise in first 10 months of 2012

The resale prices of non-landed private homes registered a 7.3% ...