New EC in Woodlands

HDB has recompensed the delicate for an Executive Condo (EC) site at Woodlands Avenue 12 to Hao Yuan Investment, after it presented the most noteworthy offer of $103.79 million. New EC in Woodlands

Dispatched available to be purchased on 16 December 2014, the 12,388.3 sq m site has a most extreme gross floor region of 34,687.24 sq m and a plot proportion of 2.8.

The 99-year leasehold site (imagined) pulled in seven offers and is required to be created into an undertaking with 390 lodging units. It is situated inside of close closeness to Woodlands East Industrial Estate and Sembawang Air Base. New ec in woodlands

SLP International Executive Director Nicholas Mak said in media reports Hao Yuan’s top offer for the site, which means $278 psf ppr, is the most minimal for EC land subsequent to July 2011, when a site in Punggol Way was sold for $270 psf ppr.

SINGAPORE — Local designer Hao Yuan Investment has won the delicate for an Executive Condominium (EC) site in Woodlands Avenue 12 for S$103.8 million, or about S$278 per sq ft per plot proportion (psfppr), against a field of seven bidders. Woodlands new ec

woodlands new ec

The top offer by Hao Yuan for the 133,346 sq ft site is the most minimal for EC land subsequent to July 2011, when a Punggol Way site was sold for S$270 psfppr, said property organization SLP’s official chief of examination and consultancy Nicholas Mak. That woodlands avenue 12 ec site was later formed into Twin Waterfalls.

Property examiners say enthusiasm for half and half open private homes has been somewhat delicate due to continuous cooling measures and as supply surpasses request.

An aggregate of 184 ECs were sold in January, up marginally from the 176 units sold a month before, information from the Urban Redevelopment Authority (URA) indicated not long ago. However, this additionally came as designers dispatched 415 units in January, up from the 53 units propelled in the earlier month.

The Woodlands site by hao yuan ec is the remainder of the three EC plots on the Confirmed List of the Government Land Sales (GLS) Program for the second a large portion of a year ago. The past tenders for a site at the intersection of Sembawang Road and Canberra Link, and another in Anchorvale Crescent got just two and three offers individually.

The 99-year leasehold site has a plot proportion of 2.8 and can yield a most extreme gross floor territory of 373,370 sq ft or around 390 residence units, the Housing and Development Board said.

Examiners say the make back the initial investment cost for the Woodlands EC venture may come in at about S$620 psf, while the offering value may range in the middle of S$650 and S$700 ps

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