Property Players Likely to Zoom in on Central Locations

Dec 7, 2007

Property players likely to zoom in on central locations
Topping the list is multi-use 'white site' not far from Bugis MRT

DEVELOPERS, and eventually homebuyers, can take their pick from 21 plots that the Government will release for private housing between now and June.

Property players, however, are likely to zoom straight in on the handful of land parcels that are more centrally located, industry experts say.

At the top of the list is the multi-use 'white site' bounded by Ophir Road, Beach Road and Rochor Road. The property sits next to Parkview Square and is a stone's throw from Raffles Hospital and the Bugis MRT Station.

For private housing alone, the MND has added 12 new sites to its land sales programme. Outside land sales, the Government will also offer about 110 private housing units, including 90 service apartments at one-north.

Bids will likely come in at $750 to $850 per sq ft per plot ratio (psf ppr) for this site, said Mr Nicholas Mak, the director of research and consultancy at Knight Frank.