31 May '17, 4am

Woodleigh Lane site expected to attract stiff competition

Aerial view of the plum site at Woodleigh Lane, which is expected to attract bullish bidding. Image source: URA Out of the three 99-year leasehold sites launched for sale yesterday under the first half 2017 Government Land Sales programme, the 1.9ha plot at Woodleigh Lane is the most attractive, said Dr Lee Nai Jia, Head of Research at property consultancy Edmund Tie & Co. “ There should be at least 12 bids for the site,” he said. “While the indicative land price varies from $750 to $850 psf per plot ratio (psf/pr), we anticipate the winning bid to be in the range of $950 to $1,100 psf/pr given recent aggressive land bidding behaviour.” The site is close to Woodleigh MRT station, while the other two land parcels at Serangoon North Avenue 1 and Yishun Avenue 9 are not near MRT stations. The future project will also offer unblocked views on one side as it faces low-rise land...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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