Developers’ sales for the week of 10 June 2024 – 16 June 2024 were 51 units
2 GLS sites on the Confirmed List at Dairy Farm Walk and Tengah Garden Avenue were launched for sale while a site on the Reserve List at Bayshore Road is available for application
With the Government increasing land supply and developers facing challenging conditions from high construction costs, interest rates and the harmonisation of Gross Floor Area, land bids will be lower than previously sold sites in the vicinity
The Dairy Farm Walk GLS might attract up to 3 bidders and a top bid between $800 and $850 psf ppr
The Tengah Garden Avenue mixed-use site may see not more than 3 bidders and the top bid may range from $800 to $850 psf ppr
The Bayshore Road is a very attractive site as there are not many sites that will have a sea view and be integrated with a MRT station
There is a possibility of the site being triggered for sale and receiving a top bid of up to $950 psf ppr
