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Old 05-04-2019, 10:59 PM   #454
Clazav
Senior Member
 
Join Date: Nov 2014
Posts: 936
Well, if you are saying resale buyer of suo, then they didn't do sufficient homework I guess. But the main bulk of the new buyers are unlucky.

Like high park is lucky because Parc botannia was bidded, launched, and sell at good psf and good volume. So it stands to gain. But now that you think about Parc botannia 13xxpsf, is it worth it?

Govt understands there’s current oversupply this year and thus, they have announced that they will not release too many land for bidding this year, else oversupply will worsen. Just that sway sway the sims drive site was released next to SUO after CMs.

Last year nov 30, there’s already news on sims drive site and middle road site will be released for bidding. This is after July 2018 CM. Resale buyers of SUO obviously not aware of this. Or probably didn’t expect the bid price was as Low as 732psf ppr.

URA releases private homes sites at Dairy Farm Walk, Sims Drive, Middle Road and Tan Quee Lan Street
https://www.straitstimes.com/busines...2020%3A04%3A43
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