Residential

Strong top bid for Jurong West EC site

Despite the latest rule changes affecting the executive condo market, an EC site in Jurong West drew 12 bids with the highest bid at $381.81 psf ppr from a Koh Brothers-Heeton Homes partnership. The second highest bid was only 0.45 percent lower, from a joint venture between City Developments and TID. This highest bid is near the top end of the predicted range at the site launch in late October. This could reflect that demand for ECs would remain strong. Despite the optimistic top bids, the bottom half of the bids were generally cautious and below expectations.

(Source: Business Times)

The Premiere sellers not likely to have profitable resale prices

Residents at The Premiere who think that their units’ better location and fittings would help them with a good resale price may not get what they hope, even though ...