Friday, October 5, 2012
Thursday, October 4, 2012
Sunday, September 2, 2012
Waterbay EC Registration and Balloting Dates
Please note that the dates below are indicative and are subjected to changes at the sole discretion of the Developer. Click on the image below for a better view.
Saturday, September 1, 2012
Waterbay EC - Launching Soon in Oct 2012!
Waterbay, the exciting New Executive Condominium targetting to launch in Oct 2012. This is Developer, Qingjian Realty, 2nd EC launch in Punggol and the 6th Residential Developement in Singapore.
Qingjian Realty (South Pacific) Group Pte Ltd was awarded the Punggol Central EC site after it offered the highest bid of S$136.7 million in a public tender closed on the 2nd of April 2012.
"The strong interest displayed by the developers illustrates their confidence in the EC market," said Mr Nicholas Mak, executive director from SLP International Property Consultants.
He added: "The bids submitted by the six highest bidders fall within 10 per cent of Qingjian Realty's top bid, indicating that most of the tenderers are very optimistic about the subject site."
The site has a total land area of 13,241.8 sq m with a maximum gross floor area (GFA) of 39,725.4 sq m and a gross plot ratio of 3.0. This works out to S$320 per square foot (psf) per plot ratio.
“The top bid for the subject site, S$136.7 million or S$320 psf ppr reflects a breakeven cost of S$650 psf to S$680 psf. It is likely that the new project will be priced around S$750 psf,” noted Li Hiaw Ho, Executive Director at CBRE.
He added that demand for ECs are expected to remain healthy this year given the government’s move to relax the market by raising the household income ceiling and allowing second-timers to acquire ECs without having to pay a resale levy.
Located at the intersection of Punggol Central and Edgefield Plains, the site is within 10 minutes’ walk to Punggol MRT station and the upcoming
Watertown and Waterway Point shopping mall. Its immediate neighbour is Edgefield Primary School and at a close proximity to Mee Toh Primary School. Register your interest with us NOW for the latest updates.
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