| ID: | 1573290 |
| Title: | Sturdee Residences |
| URL: | http://www.sgpropertyportfolio.com/sturdee-residences/ |
| Description: | Sturdee road URA land deals is one of the Seven parcel government land being sold in 2015 for residential purposes. Yes only 7 piece of land was transacted. This marked a big decline in land supply therefore directly impact the availability of newly build private apartments in year 2018 to 2020 period. Key point to take note is Sturdee Road land parcel is the only parcel of land available which is in the town center in the center of district 8 which has the best location among the 7 piece of land sold in 2015. There are sixteen developers trying to secure the Sturdee road parcel during its tender. The winning bid from Sustained Land Pte Ltd at $181.2 m or $786.9 psf and still have gotten this condo to become name as Sturdee Residences. Real Estate expert estimate breakeven cost to be close to $12xxpsf and therefore if developer sell at said twenty percent profit margin then Sturdee Residences Price tag during the preview launch has to be approximately $14xx psf averagely. |
| Category: | Business & Economy |
| Site Owner: | Alvin Lim |
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| Date Added: | March 17, 2016 02:37:22 PM |
| Expires: | March 17, 2017 03:38:31 PM Renew/Extend |
| Number Hits: | 576 |
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Listing Details