SLA puts on sale a piece of state land for developing private condo, which is of 172,223 sq.ft. with plot ratio 1.4, located in Woodlands ave.2 / Rosewood drive. Actually it is just by the side of Casablanca and opposite Singapore Sports School.
It is said on today's newspaper that the land may be used to build 110 units of 5-storey condo. Colliers, the marketing agent, estimate that the break-even price when built up will be around $500psf (incl. $260-300 land cost) so the developer likely prices it more than $600psf.
It expects to attract oversea buyers with children attending the American School and local upgraders in Woodlands & Sembawang towns. Savills said in Sept. that the properties in (far) north region might expect as much as 35% appreciation as the rental market there had risen 25-30% as compared to previous quarter.
1 comment:
Hello,then if i want to buy a 3 room flat of the rosewood@woodlands.How much will it approximately cost? is it about $500,000-$600,000 ?Please reply A.S.A.P
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