SUBSCRIBERS
Top bid for Potong Pasir plot seen at $650-900 psf ppr
Commercial use capped at 5,000 sq m, or 8.8% of project's maximum GFA
Add BT as a preferred source
Kalpana Rashiwala
Published Wed, Apr 30, 2014 · 10:00 PM
A COMMERCIAL and residential site next to Potong Pasir MRT Station launched for sale on the confirmed list of the Government Land Sales Programme is expected to draw four to eight bids.
Property consultants' forecasts for the top bid varied from $650 to $900 per square foot of potential gross floor area. The tender for the site closes on Aug 19.
The government yesterday also made available for application on the reserve list an executive condominium (EC) site at the corner of Sembawang Road and Canberra Link, although most market watchers are not expecting it to be triggered for launch anytime soon as there is sufficient EC supply.
Copyright SPH Media. All rights reserved.
