Siglap Residences by Fraser Centrepoint (FCL)
Siglap Residences will be the next latest Private Housing at Siglap road, to be develop by Fraser Centrepoint(FCL) The Land was bought at the price of $624.18 million, which was translated to $858.02 per sqft per plot ratio. The 99-year Leasehold site has a land size of 207,847 sqft and a plot ratio of 3.5, giving it a maximum permissible gross floor area of 727,467sqf that can yield an estimated 750 housing units.
Siglap Residences will offer the residents views of the sea and East Coast Park. Furthermore there is almost no new private condo development in the vicinity therefore the project at this site will not have to face keen competition. Estimated breakeven for the development is about S$1,370 per sqf to S$1,480 per sqf, with selling prices around S$1,650 per sqf.