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, Martin Modern 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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Existing new condo launches
TOP in 2017