The land on which
Siglap Residences will be developed on was fiercely contested by 8 developers, of which the top 4 tenders crosses the $800psf ppr mark. It was sold to the Fraser Centrepoint, KH Capital and Sekisui House at $624.18m or $858psf ppr. This marks one of the most positive response from the Government Land Sales Program (GLS).
The positive land sales is because of the scarcity of seaview developments along East Coast. The last land that was launch was Cote D’Azur back in 2001. Given the current market condition and top bid, we will be expecting
Siglap Residences Showflat Pricing at launch price of between $1,400-$1,600psf. This is an estimate and to be confirmed during the preview. Another interesting project would be
Parc Rivieria Showflat.