31 May '17, 2am

Analysts expect one of the sites, in Woodleigh Lane, will draw the strongest interest from developers. #realestate

Three sites were put on the market yesterday that could yield 1,955 homes in total. Analysts expect one of the sites, in Woodleigh Lane , will draw the strongest interest from developers. It is next to Woodleigh MRT station, adjacent to the Bidadari New Town and near amenities such as Nex shopping mall. Schools in the area include St Andrew's Secondary, Cedar Girls' Secondary and Maris Stella High. The 19,547 sq m site has a maximum gross floor area of 58,641 sq m. This tender could draw about 10 to 16 bids, said SLP International research head Nicholas Mak, with a top offer in the $473 million to $524 million range, or $750 to $830 per sq ft per plot ratio. The second site launched is at Serangoon North Avenue 1 , near Chomp Chomp Food Centre, Serangoon Garden Market and Nex mall. Rosyth School, Nanyang Junior College and Lycee Francais de Singapour are also nearby. While...

Full article: https://www.srx.com.sg/singapore-property-news/37132/3-si...

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