And it does show in things like bids. Take, for example, the Marina Gardens Lane plot: Kingsford Huray bid around $1,402 psf, while GuocoLand bid around $985 psf — already a huge price gap between the first and second bids (this is around a 42 per cent difference). Far East Organisation/Sino Group and CDL came a close third at around...
And it does show in things like bids. Take, for example, the Marina Gardens Lane plot: Kingsford Huray bid around $1,402 psf, while GuocoLand bid around $985 psf — already a huge price gap between the first and second bids .
Unless this was a genuine mistake, it could also reflect on the sheer difference of opinion over the Marina Gardens plot. Depending on who you ask right now, a billion-dollar price tag for this land plot is either irrational exuberance, or a far-sighted move. But new construction is expensive. At the given price tag, can the commercial component take on such lower-revenue tenants?
The Marina Bay area is ritzy; but is it somewhere people want to live? The answer so far seems uncertain. Meanwhile, I notice someone backed out of buying a Blossoms By The Park unit, at a penalty of $30,000recently, but I should say it's less uncommon than you might think. People back out purchases after putting down the non-refundable deposit, for even weirder reasons than buyer's remorse.
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