The tender for Sceneca Residence offered by the Urban Redevelopment Authority (URA) under the Government Land Sales (GLS) system has closed. MCC Land (Singapore) emerged as the winner right after submitting the best bid of $248.99 million, beating 15 other bidders in a aggressive quote.
At this particular winning price, the 8,880 sq m website results in a land price of about $930 psf ppr along with a optimum GFA of 24,864 sq m. The upcoming Sceneca Home is reserved for mixed residential use with just a few industrial models. It really is supposed to house about 265 flats with 21,528 sq feet or 2,000 sq m in the first flooring set apart for retail store units.
Via a joints development, MCC Land, Ekovest Developments, and The Location Holdings will develop Sceneca Residence. The programmers can utilize their sources, experts and industry experience to bring out the best of the Sceneca Residence and take advantage of its strategic area right next to Tanah Merah MRT station.
The town fringe area in Outside Central Area (OCR) means that the forthcoming development will love constant need. The availability is low, which includes helped to stabilise the prices. Besides, featuring commercial models makes …
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