Parc Botannia is a modern project development which is established at a place known as Sengkang along Fernvale area to Jalan Kaya. This modern project has been grown by two famous developers one of them is Sing development and Wee Hur development. The project has occupied a huge area of about 17,196 meter square of the land. The building is positioned closer to Thanggam IRT station. This place offers a convenient and comfortable environment for the occupants within. The new tender is clearly indicating that the plot had 16 bidders, but the topmost bidders donated the highest amount that is 287.1 million dollars and this was offered by Sing development in conjunction with Wee Hur development.
Private Housing Tender for Parc Botannia
The tender for the private housing site at Parc Botannia shows that developers are very optimistic on Singapore real estate market and the top bid for the land came from Sing Development and Wee Hur Development, was S$287.1 million. The land tender results will be released soon but provisional tender results show that there are also are developers biddings including Allgreen Properties, MCL Land, Qingjian Realty, Hong Leong Holdings (jointly with City Developments and TID Residential) and Sim Lian Land which have also have submitted tenders for the plot of land.
Parc Botannia Fernvale Road Tender Results
Singapore developers are bullish on the real estate market for plots of land which are considered to be mass market condominiums as the land prices are very low compared to the high end segment in the real estate market. The high end segment may have prices of up to $2,800psf and this is not something that buyers can look at given the tight lending ratios from the banks.
Parc Botannia development is sited along Fernvale Road, which is a few meters to the Thanggam LRT station, District 28. Full completion is predicted to occur the year 2022. It has four towers, 735 units and 22 stories tall. The project is positioned around Jalan Kaya Eateries, a place with a number of restaurants around. Its location is near The Seletar Mall, which has restaurant selections too. Seletar Mall is equipped with cinema and this makes it gain a lot of popularity for the young stars.
Sing Development and Wee Hur Development Tender for Parc Botannia
Kopitiam square sited at the Sengkang MRT station is also closer to Parc Botannia. Kopitiam Square has got abundant products and this makes it the best hawking center. The tender also note that many buyers are optimist for the Fernvale tender results by Sing Development and Wee Hur Development. This is a private housing tender under the Government Land Sales Programme.