Saturday, September 11, 2010

Condo site at Jalan Eunos sees only 5 bids



This Jalan Eunos site was offered on a 99-year lease on July 20, and tender closed yesterday with a total of 5 bids. The winner looks like the joint bidders of Tuas Technology Park and OPH Marymount for S$257.8 million. OPH Marymount is a unit of Far East Organisation.

The site has a land area of 444,132 sqft and a maximum GFA of 621,788 sqft. The potential winning bid works out to around $415 psf per gross floor area.

Analysts say the potential selling price of this condo would be from $850psf onwards. Looking at the map, the new condo would be sitting right next to two busy roads - Jalan Eunos and PIE. Get ready that duster!

As posted in h88 by Cheryl Han 

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