Dunman GLS

[CaptainSGP]

GLS closes today.

https://www.businesstimes.com.sg/re...tender-drops-white-site-from-reserve-list?amp

 

[googoogaga]

Only two bids. But the winning bid is still 1350 which is at the higher level estimate by property analysts

 

[rlskyline]

aren't developers hungry for land?
but only 2 bids

 

[NiShiZhu]

aren't developers hungry for land?
but only 2 bids

Only the one who is hungry for land bid at 1305psf. The rest who r more sober and not so hungry so didn’t participate

 

[holasingapura]

GLS closes today.

https://www.businesstimes.com.sg/re...tender-drops-white-site-from-reserve-list?amp

1. OrangeTee & Tie's chief executive, Steven Tan, is expecting between 4 and 7 bidders for the site with the top bid ranging between S$1,250 and S$1,350 psf ppr.

Mr Steven Tan! Where are the other 2 to 5 bidders?

Another prediction he got wrong last year...

OrangeTee & Tie CEO thinks cooling measures unlikely​

https://www.businesstimes.com.sg/re...ures-unlikely-weighs-in-on-hdb-lottery-effect

2. Worst one is the famous Mr Nicholas Mak!

""He believes the project could attract 6 to 10 bids from developers, with the top bid fetching between S$1,280 and S$1,380 psf ppr."

All these so called "analyst", you all should know which one to ignore by now.

 

[holasingapura]

Only two bids. But the winning bid is still 1350 which is at the higher level estimate by property analysts

Where to see the winner?

Now we wait for the news on how much the rich winner bid above the 2nd bidder.

But no worries, sinkies ready with cheque to save the rich winner as always.

 

[Oftheseas]

aren't developers hungry for land?
but only 2 bids

Yes, developers are still hungry for land. But not many have the power to pay $1.3bn just for the land.

There are more developers bidding for the smaller (but attractive) Pine Grove GLS.

 

[googoogaga]

Where to see the winner?

Now we wait for the news on how much the rich winner bid above the 2nd bidder.

But no worries, sinkies ready with cheque to save the rich winner as always.

The winner for dunman is Singhayi group

 

[CaptainSGP]

aren't developers hungry for land?
but only 2 bids

1350 psf ppr. Congrats to Singhaiyi

 

[rlskyline]

Yes, developers are still hungry for land. But not many have the power to pay $1.3bn just for the land.

There are more developers bidding for the smaller (but attractive) Pine Grove GLS.

seems like the winning psf for both land parcels quite consistent

 

[CaptainSGP]

seems like the winning psf for both land parcels quite consistent

Dunman - 1350 psf ppr, Pine grove - 1318 psf ppr

https://www.zaobao.com.sg/realtime/singapore/story20220602-1279000?amp

 

[CaptainSGP]

Yes, developers are still hungry for land. But not many have the power to pay $1.3bn just for the land.

There are more developers bidding for the smaller (but attractive) Pine Grove GLS.

UOL won pine grove GLS by $800. What a win

 

[googoogaga]

Yes, developers are still hungry for land. But not many have the power to pay $1.3bn just for the land.

There are more developers bidding for the smaller (but attractive) Pine Grove GLS.

Singhayi wouldnt have bid so high if they know not many would be bidding for this due to high quantum. They have paid 20% over the other bid. Could have got this cheaper if they estimated like you.
I think what happened was even Singhayi must have expected more competition than just the one other bid. That's why their bid is agressive.

I believe the developers arent as confident to play with 1Bn+ bets in this high priced market. They are okay to place 500m+ projects.

 

[CaptainSGP]

Singhayi wouldnt have bid so high if they know not many would be bidding for this due to high quantum. They have paid 20% over the other bid. Could have got this cheaper if they estimated like you.
I think what happened was even Singhayi must have expected more competition than just the one other bid. That's why their bid is agressive.

I believe the developers arent as confident to play with 1Bn+ bets in this high priced market. They are okay to place 500m+ projects.

I’m surprised CDL didn’t bid higher to defend this area given that they won Jln Tembusu at 1302 psf ppr.

The maximum building height of SHD 64m & 3.0 plot ratio mean that the blocks will be close to each other & could be cramp.

 

[bongbongboy]

How’s singhaiyi’s developments? I have not seen Parc Clematis showflat.

Gazania and lilium I didn’t even bother to see the pictures …

 

[holasingapura]

How’s singhaiyi’s developments? I have not seen Parc Clematis showflat.

Gazania and lilium I didn’t even bother to see the pictures …

Must be selling well for them to make such a bid that is 20% over the next bid as I've heard? Lol

Construction cost expensive? More like inflation due to these dumb developers.

 

[Tuckie]

Must be selling well for them to make such a bid.

G&L doing well meh?

 

[googoogaga]

Must be selling well for them to make such a bid that is 20% over the next bid as I've heard? Lol

Construction cost expensive? More like inflation due to these dumb developers.

Wasn't it the case that they overpaid for Gazania and Lillium Enbloc too? If not for Covid they wouldn't be able to sell these two too.

 

[Oftheseas]

UOL won pine grove GLS by $800. What a win

Really close. There’s always the next door plot for the runners-up. Share-share the pie.

 

[rlskyline]

UOL won pine grove GLS by $800. What a win

narrowest win ever? haha