GLS Land bid for Fernvale Lane – Result is Out

Fernvale Lane EC Parcel fetch seven bids and this land bid  is won by FCL Lodge (Frasers Property)

Highest bidder : est S$555psf ppr

Estimated Breakeven: $966psf

Estimated Selling Price: $1060psf-$1110psf

estimate 500 units

Nearby there is OLA EC launch in March 2020, worth to take a look too

Cushman and Wakefield’s Christine Li gave a rough estimation on above breakeven and selling price range.