Tender Result
Top Bid: Northern Resi Pte Ltd and Northern Retail Pte Ltd (BBR Holdings Limited)
Bid Amount: $185,090,000
$psm/GFA: $6,773.05
Total Bids: 5
Estimated Dwelling Units: 180
Project Name: The Wisteria
The 99-year leasehold site in Yishun Avenue 4 – the first Government Land Sales tender to close this year – has an area of about 105,055 sq ft, and a maximum allowable gross floor area of 294,156 sq ft based on a plot ratio of 2.8. The top bid translates to a unit price of S$629.24 per square feet per plot ratio and is less than 2 per cent higher than the second-best bid, Housing and Development Board data showed.
The expected breakeven price for the residential component is estimated at S$950 to S$1,000 per sq ft, and the selling price could be between S$1,050 and S$1,150 per sq ft, Ms Chia said. For the retail component, the overall expected achievable monthly gross rents may range from S$6.00 to S$12.00 per sq ft depending on the size of the space leased, she added.
- Mixed development – everything under one roof
- 13 minutes walk to Khatib MRT Station
- Rejuvenation of Yishun
- Nestled in a established housing estate
- Surrounded by schools and recreational facilities
- Attractive selling prices for residential component
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