The study of North Gaia location along the passage can be incorporated with the energy area to develop a larger research study or a guest room in the 1,076 sq ft, three-bedroom-plus-utility-and-study.
CDL and also MCL Land paid $603 psf ppr for their EC website at Tengah Yard Walk in June in 2014, while Qingjian and Santarli paid $659 psf ppr for the EC website at Tampines Road 62 in July 2021, climaxing for land rates in the EC segment.
Qingjian as well as Santarli shattered their very own document in March this year when they won the EC site at Bukit Batok West Method 8 with a land quote of $662 psf ppr. The brand-new 375-unit EC project at Bukit Batok West is expected to be introduced at some point in 2Q2023.
Criteria land costs in the OCR.
It is not just EC land costs that are establishing new highs. “Also government land sales [GLS] of 99-year exclusive domestic sites in the Outside Central Region are setting criteria rates,” remarks period’s Mak.
The showflat of the 1,389 sq ft four-bedroom penthouse with 4m ceiling elevation.
Last July, GuocoLand established a new document for personal residential development land in the optical character recognition when it paid $1,204 psf ppr for a mixed-use growth website at Lentor Central, which will be attached to Lentor MRT Station on the Thomson-East Shore Line. The new project, Lentor Modern at Lentor Central, is likely to be launched sometime at the end of 3Q2022 or early 4Q2022.
At the same time, a joint venture between UOL Group, Singapore Land Team and also Kheng Leong Co paid $1,118 psf ppr for the residential GLS site at Ang Mo Kio Avenue 1 last May. The new 372-unit project on the site is anticipated to be released in June this year. “Both these projects will certainly be setting a new cost standard for the optical character recognition as they are likely to be gone for rates close to $2,000 psf,” keeps in mind age’s Mak.
With ECs priced at the $1,250 psf to over $1,300 psf array, and upcoming OCR launches forecasted to enter the market at $1,900 to over $2000 psf, there is still a 46% to 52% cost gap between these 2 market sectors, claims Ken Low, taking care of companion of SRI. “ECs still offer a very attractive chance for residence candidates,” he includes.