A plum land plot along Stirling Road received a top bid of more than S$1 billion from Hong Kong listed Logan Property and Chinese developer Nanshan Group. The 99-year leasehold site is located less than 3min walk from Queenstown MRT station.
The land is expected to yield approximately 1,110 units and the breakeven price is estimated at S$1,600 – S$1,700 psf ppr.
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