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| Market Talk Talk about the stock market. We welcome everyone! |
Topic Review (Newest First)
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| 08-02-2016 12:21 AM | |
| Mrling |
Sturdee Residences New Launch Condo Sturdee road government land auction is one of the 7 piece URA land being auctioned in 2015 for housing purposes. Yes only 7 piece of land was sold. This marked a big decrease in land supply and for that reason directly affect supply of newly develop private condo in year 2018 to 2020 period. Major point to take note is Sturdee Road land parcel is the only parcel of land available which is in the city center in the middle of district 8 and possesses the top location among the 7 parcel of land offered in 2015. There were as much as 16 developers seeking to secure the Sturdee road parcel during its tender. The successful bid from Sustained Land Pte Ltd at $181.2 m or $786.9 psf and also have gotten this development to be name as Sturdee Residences. Real Estate expert anticipate breakeven price to be near to $12xxpsf and thus if developer sell at said 20% profit then Sturdee Residence Price tag when it launch has to be roughly $1488psf averagely. This is a clear out sale price hence I don't develeoper will sell Sturdee Residences at such low psf because of the location of Sturdee Residence that's in the town center with City Square Mall just round the corner as well as 2 subway stations at a stone throw away distance to Sturdee Residences. Looking at the subway map we trace that from 2 metro stations Farrer Park and Bendemeer station you could get access to to as much as five train interchange within 3 matro stops or around 7 min of train travelling time. Other resale private apartment such as nearby City Square and Citylights condo is sold for as much as $16xxpsf for that smaller unit and when you look at new launches we now have City gate transacting as much as $18xx to $20xx psf. Developer remains to be constructing Sturdee Residences show flat now. Preview have to be available after march 2016 for individuals who are interested. See developer URL for more details New Launch Condo |
