03-12-2015, 10:18 AM
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Super Member
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Join Date: Feb 2015
Posts: 103
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Skies 39 Condo Toa Payoh Lorong 4/6
Skies 39 is poised to be the next condominium under the real estate market spotlight. After a long wait of seven years, HDB finally released a private residential site in the matured Toa Payoh estate. Competitively bided by 14 hopeful developers, the new Toa Payoh condo attracted a top bid of S$345.86 million from Evia Real Estate and Malaysia’s Gamuda Bhd. This works out to be approximately $747 per square foot per plot ratio and a break even of $1250 psf factoring in construction and other miscellaneous costs. Property expert forecast the Skies 39 psf to be in the range of $1450psf to $1550 psf during launch.
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