The parcel B land plot was opened for tender on 28 Feb 2014. By April 16, 2014, the 99-year leasehold plot had garnered a total of 7 contenders for the plump 24, 964.3 square metre or 268,626 square feet site.
Singapore property market analysts had given their takes on the estimated tender bid of this Prince Charles Crescent parcel B site. Generally, the estimates hover around $900 – $1000 per square foot / per plot ratio (psf/ppr), taking reference from the last few Government Land Sale (GLS) in the past 2 years in Alexandra Road and Prince Charles Crescent parcel A.
UOL Venture Investments and Kheng Leong, a partnership bid at $820.64 psf/ppr won the bid of the day over 6 other bidders for this city fringe attractive site. This surprising result is possible due to a slew of cooling measures by the Singapore government to moderate the red hot new condo launch property market. With their strict quality standard and salient image in the Singapore property arena, UOL and Kheng Leong will definitely present an outstanding development catering to property buyers’ expectations. This uniquely crafted new launch is named Principal Garden. Anticipate with earnestness as this development aims to bring you greens and more greens.
For details, find out more at Principal Garden.
Having said the above, the other new condo Singapore launches in the vicinity each also have their own distinctive unique features, styles and designs which one would delight in finding out more. They differ in layouts and sizes catering to different buyers’ taste and character. Find out more at: