Dunman Road mega site up for tender; bids may hit S$1.3 billion

Dunman Road mega site up for tender; bids may hit S$1.3 billion

A mega residential site at Dunman Road has been put up for sale through the Government Land Sale (GLS) programme in 2022. With a land area of 950,679 sq ft, the site can potentially yield about 1,040 residential units.

This land is much bigger than another recently sold GLS residential site just 800 m away at Jalan Tembusu and is likely to fetch above $1 billion in land price.

The top bid could range between $1,250 and $1,350 psf ppr, translating to an overall bid of $1.188 billion to $1.284 billion.

The potential selling price of the future development could range between $2,300 to $2,400 psf.

Hence, it makes Liv@Mountbatten an attractive option which will be previewing from $1,900 – $2,200 psf.

Liv@MB Condo is located in the popular district 15 under the Geylang & Marine Parade URA Masterplan and only 2 minutes to upcoming Katong Park MRT station (TE24) with wide array of amenities surrounding the development.

Book an appointment now for an online presentation and enjoy special preview pricing from developer.

 

Source: https://www.businesstimes.com.sg/real-estate/dunman-road-mega-site-up-for-tender-bids-may-hit-s13-billion

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