Tee Land buys Casa Contendere for $72m

feature image - Tee Land buys Casa Contendere for $72m

Another en bloc successfully sold. Tee Land Limited, a Singapore SGX listed company, is buying Casa Contendere, a freehold development at District 11 which is walking distance to Newton MRT located within the central region.

The price worked out to be $1,628 per square foot per plot ratio (psf ppr), which translates to an estimated average future selling price to be $2,466 psf. This is much higher as compared to their existing new launch 24 One Residences in Pasir Panjang.

Currently, a 3-bedroom unit in 24 One Residences is selling for $1,412,551 which translates to $1,750 psf. Another nearby development, The Orient, developed by Aurum Land (Private) Limited, is currently selling at an average of $1,7xx to $1,8xx psf with choices ranging from 2 to 4 bedrooms.

As property market continues to remain strong, it is prudent for buyers and investors to stay updated with today’s property market in order not to miss out on attractive offers.

Click here for full article: http://www.straitstimes.com/business/property/tee-land-buys-casa-contendere-for-72m

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James Yang

Associate Division Director at Huttons Asia Pte Ltd
James identifies the latest property trends to bring the most relevant advice to his clients.
James Yang