Land Bid at Martin Place

Martin Place Condo Site

Credits : Business Times



A private residential site at Martin place was released by URA. The land tender was in the end rewarded to First Bedok Land (Guocoland) at a tender price of $595.1 millions / $1,239psf ppr. The prime location of this residential site had attracted a total of 13 bids from many established developers. These include CDL, MCL Land, UOL etc.


The breakeven price for this new launch condo is estimated to be at about S$1850 – $1900 psf and selling price is expected to be above $2000 on average.



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TOP in 2017