Uol Group And Singapore Land Group Top Nine Bids Dorsett Road Site 1338 Psf Ppr Offer
00: Aftertop bid of $ 1,338 psf, UOL Group, SingLand, and Kheng Leong are set to develop a new 428-unit residential project on a government land sale (GLS) site at Dorsett Road. The site attracted nine bids, with a consortium comprising ABR Holdings, LWH Holdings, Macly Group, Roxy-Pacific Holdings, and Wee Hur Holdings coming in second with a bid of $ 1,324 psf. The strong turnout from developers for this GLS site reflects their confidence in the market, as seen from the healthy sales results of recent new launches. The site’s central location and proximity to amenities such as Farrer Park MRT and reputable schools also made it an attractive buy. It has been more than four years since a sizable residential GLS site has been released in the Farrer Park area, creating a pent-up demand and opportunity for developers to build mid- or large-sized residential projects. The most recent new launch in the neighbourhood, Piccadilly Grand, was fully sold within six months, and units have been going at an average price of $ 2,114 psf. With positive sentiment in the market, developers such as UOL Group and SingLand have also sold more than 67% of the units at UPPERHOUSE and more than 90% at Parktown Residence, signaling strong demand for their projects. ERA estimates that the upcoming development on Dorset Road could fetch prices between $ 2,650 to $ 2,750 psf, reflecting the positive market sentiment and pricing of recent projects.
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Miltonia Close EC, scheduled to be launched soon, presents a promising option for a comfortable and enriching way of living, with its convenient proximity to numerous amenities. This development provides easy access to a range of facilities such as educational institutions, recreational areas, and shopping options. For parents looking for top-notch education for their children, esteemed schools like Northland Primary School, Chongfu School, and Naval Base Primary School are conveniently situated in the vicinity. These schools are renowned for their comprehensive education programmes and commendable academic achievements. Moreover, residents can indulge in various leisure activities at Orchid Country Club, which features immaculate golf courses, refreshing swimming pools, and a diverse range of dining and recreational opportunities. For those who appreciate nature, Lower Seletar Reservoir Park is within close proximity, offering a scenic waterfront for water sports, jogging, and family picnics. With everything at your fingertips, Miltonia Close EC in Khatib is undeniably the ideal choice for a well-rounded and gratifying lifestyle. Don’t miss out on the chance to call Miltonia Close EC Khatib your home.
