Muted bidding expected for Bishan, Sembawang sites

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http://www.businesstimes.com.sg/premium/singapore/muted-bidding-expected-bishan-sembawang-sites-20140819

"C'mon, guys!"

The government yesterday released for sale two residential sites - one at Lorong Puntong off Sin Ming Avenue and another executive condo (EC) site at Sembawang Road-Canberra Link.

Both are in the confirmed list, under which sites are launched according to schedule, regardless of demand.

The Lorong Puntong site has a land area of 10,503 square metres and can yield a maximum gross floor area (GFA) of 22,056 sq m - about 280 homes.

Consultants are divided on how the plot will do in the tender. 

While SLP International executive director Nicholas Mak is expecting 12 to 18 bids, RST Research director Ong Kah Seng is forecasting a more conservative turnout of just five bids. 

Both put the winning range at about S$620-680 psf per plot ratio (ppr).