The CCR accounted for 7.6% while the RCR and OCR made up 37.9% and 54.5%
The respective top-selling projects is Cuscaden Reserve in the CCR , followed by Pinetree Hill in the RCR and Hillhaven in the OCR
The Government rejected the bid of $640 psf ppr for JLD as too low
In doing so, the Government may have felt that this prime and future statement piece in JLD warrants a higher land price
Huttons felt that this price of $640 psf ppr may be appropriate in the current market conditions
This period has a long gestation period to recoup the outlay
After the pandemic, it is unclear whether there is sufficient demand for the 1.57 million sq ft of gross office space in the next ten years
If the HSR was confirmed, it may help with accelerating the development of JLD.
