Wednesday, June 18, 2008

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99-year Leashold Tampines residential site for sale: Acid Test for Property Market

URA launches Tampines residential site for sale by public tender
The Urban Redevelopment Authority has launched a residential site at Tampines Avenue 1/Avenue 10 for sale by public tender...
The tender will close at noon on August 12. year. Channel NewsAsia - 17 Jun 2008

Tampines residential site up for tender
Offer seen as acid test for property market after recent signs of upswing
A NEW home site on offer in Tampines, overlooking Bedok Reservoir, could shape up as an acid test for the property market after recent signs of a revival. Straits Times - 18 Jun 2008

URA plot facing Bedok Reservoir up for sale
Fairly good response seen with modest bids ranging from $200-$300 ppr

A 99-YEAR leasehold condo plot at Tampines Ave 1/10 fronting Bedok Reservoir, launched yesterday by the Urban Redevelopment Authority, is likely to draw modest bids ranging from $200 to $300 per sq ft of potential gross floor area, given tepid developer sales, property consultants say. Business Times - 18 Jun 2008

May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
Smart Buyers, 10 reasons to wait
Property Price Index Graph Plotter & Online Property Valuation


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The blogger here has been affectionately named by close allies as "Smart Buyer" but really, he's not smart. Smart Buyer just believes that being prudent is smart. That's the essence of the message of this blog and Smart Buyer hopes it'll benefit other property buyers.

Smart Buyer :)