24 Jun '15, 1pm

$483m top bid for Queenstown site

Comment E-mail to friend Bookmark & Share A residential site at Dundee Road next to Queenstown MRT station attracted nine bids from property developers when its tender closed yesterday, revealed the Housing and Development Board (HDB). Launched for sale on 29 April 2015, the 113,194 sq ft site has a lease of 99-years and could yield 645 housing units. HY Realty submitted the highest bid of $483.2 million ($871 psf) followed by Allgreen Properties at $445.9 million. “The top bid reflects the hunger (for) and confidence in this site at Dundee Road, going by its value,” said Desmond Sim, Head of CBRE Research for Singapore & Southeast Asia. “With a winning margin of eight percent, the bid demonstrates the confidence in the mature estate of Queenstown, with its network of amenities and the MRT being located right next to the site, as well as the stability of the Singapore mark...

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

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$483m top bid for Queenstown site

propertyguru.com.sg 24 Jun '15, 6am

Comment E-mail to friend Bookmark & Share A residential site at Dundee Road next to Queenstown MRT station attracted nine ...

HY Realty places top bid for Dundee Road site -...

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A residential site at Dundee Road next to Queenstown MRT station attracted nine bids from property developers when its ten...

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Comment E-mail to friend Bookmark & Share A residential site at Dundee Road next to Queenstown MRT station attracted nine ...

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Comment E-mail to friend Bookmark & Share The HDB has awarded the residential site at Dundee Road to HY Realty Pte Ltd, af...

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