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30-11-2011, 10:18 AM
(This post was last modified: 30-11-2011, 10:19 AM by Contrarian.)
URA / MND can choose not to award if the price is significantly lower than CAPITALAND pricing. And this is how land and hence condo prices remain high...
Got guts yes... but not at this type of pricing...
They pick good spot but dumb to pay this kind of pricing...
(22-09-2011, 09:34 PM)Behappyalways Wrote: Wonder if any developer wants to sabo capitaland and trigger this site.......Capitaland will have no choice but to bid close to the price they bid for the adjacent land in order to protect their profit margin.....
Seems like someone in HDB 'sabo(ing)' Captaland.....just need a developer to play the next part.......which is triggering the bid....
1 The details of the site are as follows:
Proposed Development : Condominium Housing
Site Area : 11,228 sq m
Max. Allowable GFA [GPR]: 55,017.20 sq m [4.9]
Estimated Dwelling Units : 610*
Lease Term : 99 years (includes a 60-month construction period)
* Actual number of dwelling units provided by the successful developer may vary.
This land parcel will be available for application under the Reserve List of the 2H2011 Government Land Sales Programme.
2 Nestled in Bishan Town, the site is well-served by the nearby Bishan MRT Station and Bishan Bus Interchange. The CTE and arterial roads of Marymount Road, Braddell Road and Ang Mo Kio Avenue 1 are a stone’s throw away.
3 Popular shopping haunt, Junction 8, at the town centre will provide residents with wide leisure and entertainment options. Also within easy reach are the Bishan Park, Bishan Library, Bishan Swimming Complex, Bishan Stadium and Sports Hall. Established schools nearby include the Raffles Institution, Catholic High School, Ai Tong School and Raffles Junior College.
http://www.hdb.gov.sg/fi10/fi10297p.nsf/...092011_BI/$file/Bis+S11a+lp.jpg
Got guts yes... but not at this type of pricing...
They pick good spot but dumb to pay this kind of pricing...
(29-11-2011, 01:05 PM)dydx Wrote: This morning CapitaLand Group announced yet another new mega and ambitious project - the $4.1b landmark Chao Tian Men (朝天门) mixed-use development project in Chongqing, PRC, which is surrounded by water on 3 sides.....
http://info.sgx.com/webcoranncatth.nsf/V...7000BFECC/$file/CL.Slides.Chongqing.29Nov11.pdf?openelement
I wonder which other property players would have the guts to go for such kind of mega property development projects - Li Ka-Shing's Cheung Kong?, Hong Kong Land?, Donald Trump?, Hong Leong Group?.