Government Land Sales Sites Tender Were Well Received
– Source The Straits Times –
There are 3 GLS Land (Government Land Sale) tender and are pulling in good response from big developers on the 3 sites.
They are Tan Quee Lan Street In Bugis, Tanjong Pagar Bernam Street and Gateway at one-north. The latter received amazing response from 9 bidders.
Tan Quee Lan Street site came out to $1,535 psf/ plot ratio and Bernam Street worked out to $$1,463psf/ plot ratio.
The plot at one-north is obtained by TID Residential at $1,001 psf/ plot ratio. It is highlighted that the site is above MRT tracks and construction cost and process could be challenging and experienced developer is able to handle the site.
Looking at the current land bid price, Parc Esta price is truly at a good entry price purchase.
More on Parc Esta information here.
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