*LATEST NEWS*❗
99 years leasehold land bidded at 939psf ppr at Toh Tuck Site❗
Toh Tuck site draws record 24 bids, $265m offer
http://www.straitstimes.com/business/property/toh-tuck-site-draws-record-24-bids-265m-offer?xtor=CS3-18
*_Extracts_*
🔺 *_Overwhelming 24 bids submitted for residential plot at Toh Tuck Road_*
🔺 _*Highest bid at S$939 psf ppr*_
🔺 _*Hunger for sites among developers and an expectation of a turnaround in the market are possibly key factors that intensified the bidding*_
🔺 _*break-even pricing expected to exceed $1400psf ppr*_
🔺 _*it seemed that after government tweaked the cooling measures in March, there is a clear consensus among developers that demand will be stronger enough to continue absorbing the increase in new supply*_
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*WHAT DOES THIS MEAN TO SEASIDE BUYERS*❓
💎Due to developers’ shortage of land bank, falling supply & strong market sentiments such psf ppr are achieved.
💎Seaside plot was bidded for S$858 psf ppr. A site at prime D15, fronting the famous East Coast Beach bidded much lower than Toh Tuck site has strong indicators for future owners of Seaside Residences.
💎Given its all round strong attributes, Seaside Residences would have achieved a much higher land bid price if the land was bidded in today’s market, translating to possible higher sale price. Buyers for Seaside Residences today are enjoying huge savings!!
💎In future, land bids in this region will be much higher as new bench marks have been set, apparent in Toh Tuck plot’s bidding exercise.
💎Buyers should not procrastinate, they should hop-on the bandwagon and ride on the current wave where prices are kept affordable.
😱 *Super Attractive Indicative Prices for Units with Sea View*😱
⚠( _Estimated for Level 10_)
💰💰💰💰💰💰💰💰💰
*1BR (A2): From $7?0K*
*1+Study (AS2): From $9?0K*
*2BR (B2): From $1.3?M*
*2BR Trio: From $1.?8M*
*3BR (C3): From $1.7?M*
*3BR (C5): From $1.9?M*
*3BR (C4): From $2.0?M*
*4BR (D3): From $2.7?M*
*4BR (D2): From $2.8?M*
⚠ *_Above prices are subject to changes without prior notice by developer_*
More information @ https://www.propertyfactsheet.com/properties/seaside-residences/
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