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23-03-2016, 03:53 AM
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Verified Member
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Join Date: Mar 2016
Posts: 11
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Sturdee Residences Singapore
Sturdee Residences is a brand new city fringe development located at the intersection of Sturdee road and Beatty Road, District 08. This rare plot of land has a size of 65,784 square feet that can potentially accommodate 305 luxurious residential units. Beating analyst expectations, there are a total of 16 developers who submitted their bids that saw SL Capital (1) Pte. Ltd. coming up with the highest bid of $181.2 million as winner. Translating to a land price of $787 per square foot per plot ratio, Sturdee Residences psf is expected to be between $1260-$1310 to break-even.
Sturdee Residences will be standing at 30-storey tall comprising of only about 300 odd units. With its generous land size, it may well be considered a mid to low-density development in the city fringe. The Sturdee Residences TOP date is expected to be around end of year 2019, this will be a perfect timing as residents will be in time to enjoy the convenience from future Bendemeer MRT.
For more information on the other launches, please click on NewPropertySG.
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