Billion Rise - a company believed to be linked to Hong Kong property giant Cheung Kong Holdings - has put in the top bid of S$110.4 million for a residential site at West Coast Crescent. This works out to S$305 per square foot per plot ratio for the 99-year leasehold parcel. Analysts expect a break-even price of between S$680 and S$720 per square foot for a new condominium on the site. The units are...
West Coast Crescent
A 1.2-hectare residential site at West Coast Crescent is up for sale by public tender. Property consultants Knight Frank expects the 99-year leasehold parcel to fetch up to S$112 million. This will work out to S$310 per square foot per plot ratio. The site opposite West Coast Park has a maximum permissible gross floor area of 33,600 square metres. There is a height limit of 36 storeys. According to...