from Singapore Property Frontiers by lushhomeonline
A 99-YEAR leasehold condo plot at Tampines Ave 1/10 fronting Bedok Reservoir, launched yesterday by the Urban Redevelopment Authority, is likely to draw modest bids ranging from $200 to $300 per sq ft of potential gross floor area, given tepid developer sales, property consultants say.
Cushman & Wakefield managing director Donald Han reckoned that ‘given Singaporeans’ affinity for living near water, the site should see fairly good response from developers’. ‘I would expect this site to fetch a fair number of bids, maybe about five,’ he added.
On the other side of Bedok Reservoir, in a more choice spot, Frasers Centrepoint and Far East Organization are understood to have sold about 140 units at their Waterfront Waves condo. The average price is about $800 psf for reservoir-facing units and around $750 psf for pool-facing units.
‘The Waterfront Waves project has better views all round whereas the URA site is kind of tucked in a corner,’ Mr Han said.
Assuming a new condo on the latest plot can sell for about $750 psf on average, the land bids will come in at about $280-$300 psf. ‘For developers to bid higher than this range, they must be confident of selling the project at above $750 psf or have a sense of controlling costs in a market where construction costs are spiralling upwards,’ he added.
CB Richard Ellis director (research) Leonard Tay projected an even lower land price of around $200-$230 psf per plot ratio. He reckoned a new 99-year leasehold project on the site may fetch an average price of around $700 psf, citing resale prices for nearby completed condos, and factoring in higher construction costs.
‘Current prices of units in The Tropica, Aquarius By The Park and The Clearwater are within $550 psf and $670 psf, while those at Baywater, a recently completed condominium, are around $600-$680 psf,’ Mr Tay added.
Cushman’s Mr Han reckoned the latest plot, which has a land area of 341,650 sq ft and a 2.1 plot ratio - the ratio of maximum potential gross floor area to land area - can accommodate a new condo with about 650 units averaging 1,100 sq ft.
URA’s latest plot is next to The Tropica, developed by a Hong Leong Holdings unit and completed around 2000.
The tender for the plot closes on Aug 12. It is the penultimate plot to be launched under the first-half 2008 confirmed list of Ministry of National Development’s Government Land Sales programme.
The 11th and final plot on the current confirmed list is a ‘white’ site at Ophir/Rochor roads. Slated for release by the end of this month, the 2.7 hectare plot will be sold with minimum office and hotel components stipulated. MND’s H1 2008 GLS programme also includes 26 reserve list plots. Twenty-four of these have been available for application by developers - but not one has been triggered for sale.
The two remaining reserve plots - residential sites in Sengkang West Avenue and Sembawang Road - will be made available for application by month-end. All eyes in the property market are now on the GLS programme for H2 2008, which will be announced by the end of this month.
Source : Business Times - 18 Jun 2008
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2008
(752)
-
▼
June
(221)
- 一些亚洲经济体拟巨资救市
- 高盛下調國指一年目標至14,800點
- HDB launches 2 new BTO projects in Punggol, Sengkang
- 為搶救台股 政院邀喝咖啡 外資釋善意:伺機加碼進場
- 經濟學人:外資瘋狗浪淹沒中國 若撤離後果將不堪設想
- On the market: New launches
- 賦改會成軍 邱正雄:期望1年為期完成賦改任務
- 伊朗恫言切断石油运输 (2008-06-30)
- 7月本地将有与地铁线平行新巴士服务 (2008-06-30 2.00pm)
- 海峡时报指数 (STI) (2008-06-30)
- 售价保持每平方英尺900元 Kovan Residences今私人预览
- 《盤後解析》暴跌263點!融資斷頭殺出,下週有機會反島型反轉向上
- 金融時報:亞洲房地產投資信託市場2008下半年境況或更艱難
- 巧妙擺設讓小居室顯得寬敞明亮
- 中信房屋:央行升息 房貸戶雪上加霜 資金不足勿倉卒進場
- 銀監會兩道權杖再堵融資管道 地產商退居二線
- 经济师大跌眼镜 5月制造业产值远比预期差
- 中国加息预期增强
- US existing home sales rise 2% in May
- US existing home sales rise 2% in May
- 大巴窑1A巷地段 供私人发展商建组屋
- 6th Design, Build and Sell site up for sale in Toa...
- Ho Bee’s robust sales prompt more launches
- Flight to quality may cool office rents in places
- 北京樓市住宅投資回報率低於一年期存款利率
- 上海“普陀地王”退地 中國宏調下“蛇吐象”
- Citi sees no oversupply of homes in next two years
- 分析师:滨海舫将是本地房市温度计
- 本地百万美元富翁 增万名达7万7000人
- Singapore economy holding up despite global downturn
- 20080626 國際經濟與金融情勢之分析
- 光大銀行下調固定房貸利率
- 阿聯能源部長:如果市場需求增加 阿聯願提高石油供應量
- 阿聯能源部長:如果市場需求增加 阿聯願提高石油供應量
- 樓市下跌心理防線降至20%
- Foreign developers remain upbeat about Singapore’s...
- The bigger you are, the better you weather the storm
- 兀里弄共管公寓地段 六公司竞标但出价不高
- A cohesive nation, thanks to the HDB
- Bids for Woodleigh condo site lower than estimates
- 成交量萎縮"傳染"全國房地產繼續深度調整
- 樓市低迷深圳關內樓盤首破萬元
- 調查:全球百萬富翁人數突破千萬名 美國佔約1/3
- 组屋区首条脚踏车道周末动工
- 自辦券商維持率失守140% 融資追繳紅色警戒
- 越南從天堂掉到地獄 ( 2008/06/18 )
- 谢国忠:股市暂无转机 证监会官员不能建公司
- 三巴旺和兀兰辟脚踏车专用道
- 出乎意料 低于经济师预测 5月份通胀率维持7.5%
- 國際金融市場晨訊 《資料日期:97/6/24》
- 美联储料维持利率不变 会后或继续强硬措辞
- Singapore property market approaching peak: report
- Subsales carve out bigger slice of home deals
- 潘石屹稱開發商大規模欠款已發生
- 匯豐預計香港利率水準將在年底前保持不變
- Healthy weekend home sales as attractive pricing d...
- 中国真应该经济援越吗? 《财经网》
- 兀兰预购组屋 新措施让“不急者”打退堂鼓 预购组屋申请者减至三对一
- 台股盤前-護盤味道濃厚 美股力圖止穩 有反彈機會
- 令世界瞠目越南地產價格曾達每平方米17萬美元
- 上海高端二手房難賣 徐家匯二手房租金下調3%-5%
- 上海豪宅翠湖天地最高每平米13萬逼近湯臣一品
- 海峡时报指数(STI) (2008-06-23)
- 海峡时报指数(STI) (2008-06-23)
- 北京:政策性住房使用公積金貸款首付最低10%
- Foreigners cash out from Asian Market
- 调查显示 全球房地产涨势接近尾声 (2008-06-21)
- 美联储实行中国央行货币政策?
- 尼日利亚石油产量大幅下, 尼日利亚目前的日产量不足150万桶,为25年来最低水平,而该国的日产能为2...
- Buyers bidding up prices of shophouses
- 本地组屋转售市场今年首五个月交易量下滑
- 恒大地產上市擱淺遺患無窮:廣州地王被迫交回?
- 小一报名 “义”军突起争夺学额 (2008-06-20)
- 房地产市场疲弱 政府下半年减少售地 (2008-06-20)
- 两短期办公楼地段正选 分析师:可能供应过剩 (2008-06-20)
- 客房收费虽飙升 仅一酒店地段列正选
- Government releases eight confirmed sites for sale
- F1 hotels still have lots of room
- Some 7,960 private residential units to be built i...
- Govt to offer 13 new land sites in second half
- 中央出手調漲油電價 港股ADR力捧 有利相關類股表現
- 短期要谨慎 但未来6个月到18个月的时间段内,中国经济和股市表现仍然看好
- 中国经济:必须调整油价 黄益平 《财经网》
- Singapore short rates dive, defying expectations
- 政策轉向市場面 花旗:京奧前中國將短期大幅調整能源價格
- 星展集团(DBS Group) (2008-06-19)
- 好住宅必备三个基本条件
- 风水学上八种住宅要避忌
- 幸虧早賣了港交所
- 謝國忠:越南危機影響中國有限 須嚴防通膨 擴大加息力度
- Deutsche Bank:交換利率急升 英國房市出現崩盤危機!
- 美國5月新屋開工低於預期
- Inflation’s silver lining for local banks
- 新加坡交易所 (SGX) 评级:出售 目标价:6.20元
- 嘉茂商产信托 (2008-06-18)
- 淡滨尼私宅地段招标 (2008-06-18)
- 永豐金港股盤勢分析-恆指觸底 投資人可逢低增持
- 中國社科院:別作壁上觀 東亞聯手救越南 僅1%外匯儲備就足夠
- Rising construction costs put squeeze on builders
- URA plot facing Bedok Reservoir up for sale
-
▼
June
(221)
No comments:
Post a Comment