A residential site at Mount Sophia attracted nine bids at the close of its tender on Tuesday, according to the Urban Redevelopment Authority (URA). The highest bid was submitted by a consortium comprising Hoi Hup Realty, Sunway Developments and S C Wong Holdings at S$442.28 million. This works out to a land price of S$1,157 per square foot per plot ratio (psf ppr). The top bid is only 0.1 per cent...
Mount Sophia
The Mount Sophia/Wilkie Road enclave is fast becoming a new property hotspot, mainly due to its central location and availability of city amenities. At the same time, more developers are purchasing land parcels in the area for redevelopment purposes. Recently, established player Roxy-Pacific Holdings acquired a 9,324 sq ft freehold site at 13/15 Wilkie Terrace, off Dhoby Ghaut/Selegie Road for S$24.5...
Despite a lull in the property market, two freehold condo developments were launched over the weekend, which are expected to gauge buying interest. Both projects are relatively small, with less than 200 units in total between them. The upscale 1919 in Mount Sophia was launched by Aurum Land, a unit of Woh Hup. It comprises of 75 black-and-white apartments with average prices ranging between S$2,000 psf...
Following the announcement that construction works on Bidadari new town will begin by year-end, developers are eyeing new opportunities at other prime residential sites in strategic locations. According to analysts, thousands of homes are in the pipeline over the next few years, as prime sites not far from the city will be launched, including the Dempsey area and former Bukit Timah Turf Club, as well as...