6 bids for residential site at Alexandra View

The Urban Redevelopment Authority (URA) closed the tender for the residential site at Alexandra View today.

The 99-year leasehold site at Alexandra View was launched for public tender on 7 November 2012. It was originally made available for sale through the Reserve List system on 26 September 2012.

The top bid was submitted by Singland Homes, a wholly-owned subsidiary of SGX-listed property developer Singapore Land.

Singland Homes’ bid of S$970 per square foot per plot ratio (psf ppr) was 10.9 percent higher than the second highest bidders, Far East Orchard and FCL Topaz.

This works out to S$332.68 million for a total site area of about 6,501 square metres. Property analysts are estimating the breakeven price to fall between S$1,400 and S$1,450 psf.

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