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ID:553848
Title:Sturdee Residences Condo
URL:http://www.sgpropertyportfolio.com/sturdee-residences/
Category:Real Estate
Description:Sturdee road URA land sale is one among the Seven parcel URA land being marketed in 2015 for housing purposes. Yes only 7 piece of land was sold. This denoted a tremendous decline in land supply and for that reason directly impact the the supply of fresh build private real estate in year 2018 to 2020 period. Major point to take note is Sturdee Road land parcel may be the only parcel of land released that is in the city center in the center of district 8 and it has the ideal location amongst the 7 piece of land offered in 2015. There were sixteen developers attempting to secure the Sturdee road parcel during its tender. The winning bid from Sustained Land Pte Ltd at $181.2 m or $786.9 psf and possess gotten this establishment to get name as Sturdee Residences. Industry expert estimate breakeven cost to be close to $12xx per square foot thereby if developer sell at said twenty percent profit then Sturdee Residences Price during the preview launch could be close to $14xx psf on the average. This can be a sell out price psf therefore I don't think develeoper will sell Sturdee Residence at such low per square foot because of the location of Sturdee Residence which will be in the city center with City Square Mall just not far away and two Matro stations in easy reach to Sturdee Residences. Looking at the MRT map we trace that coming from 2 metro stations Farrer Park and Bendemeer station you can aquire access to up to five train interchange within three railway stops or around 7 minute of MRT traveling time. Some other resell private condo such as nearby City Square and Citylights condo is transacting up to $16xx per square foot for that smaller unit and when you look at new launches we have City gate sold for as much as $18xx to $20xx psf. Developer continues to be constructing Sturdee Residence show flat now. Preview have to be available a April 2016 for individuals who are planning to pursue.
 

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