Sturdee Residences Coming Soon

[busybee]

Sturdee road government land deals is one among the 7 parcel government land being auctioned in 2015 for residence purposes. Yes only 7 parcel of land was sold. This marked a large cut in land supply and thus directly impact the the supply of new build up private condominium three to four years from now. Key point to take note is Sturdee Road land parcel may be the only piece of land available which is in the town center in the heart of district 8 and possesses the best location among the 7 piece of land offered in 2015. There was 16 developers trying to secure the Sturdee road parcel during its tender. The winning bid from Sustained Land Pte Ltd at $181.2 milllions or $786.9 per square foot and possess gotten this condo to become name as Sturdee Residences. Real Estate expert calculate breakeven price tag to be near to $12xx per square foot and thus if developer offer at said 20% profit margin then Sturdee Residence price psf when it launch should really be close to $1488psf on the average. That is a clear out sale price psf hence I don't think Sustained Land will sell Sturdee Residences at such low per square foot because of the location of Sturdee Residences that is in the town center with City Square Mall just round the corner as well as 2 subway stations in easy reach to Sturdee Residence. Looking at the Metro map we trace that from 2 subway stations Farrer Park and Bendemeer station you could get access to up to five MRT interchange within three subway stops or around 7 minute of train journeying time. Various other resell private condo which include nearby City Square and Citylights condominium is sold for as much as $16xxpsf for that smaller unit and if you peer at new launches we have City gate transacting as much as $18xx to $20xx psf. Developer in process constructing Sturdee Residence show flat now. Preview should be available a April 2016 for individuals who are keen.