Description: Just another WordPress site
Just another WordPress site
While the Pine Grove (Parcel A) tender drew five proposals, the government land sale (GLS) site for Dunman Road saw simply two bids. The top quote of $1.284 billion or $1,350 psf per story proportion (psf ppr) came from SingHaiyi Team while the second area mosted likely to a consortium that included City Developments Ltd (CDL), Hong Leong Group and TID with a proposal of $1.067 billion ($ 1,122 psf ppr). Today’s tender closing reveals that programmers continue to be mindful in getting residential sites, par
The leading proposal of $1,350 psf ppr was 20.3% higher than the reduced proposal at $1,122 psf ppr, which shows a restrained effort to complete by the reduced bidder. “This tender informs us that big billion-dollar websites are not in demand in the current market as they are high-risk in terms of the capital outlay as well as in marketing more than 1,000 devices within the five-year deadline to receive ABSD [additional customer’s stamp duty] remission,” includes Lee.