The two residential sites Urban Redevelopment Authority launched for sale on Tuesday could attract up to five offers each with the top bid for the De Souza Avenue plot expected to go as high as $430m, according to property analysts.
Lee sees the site attracting one to three offers with the top bid coming between $1,200 and $1,300 per square foot per plot ratio for the plot or a total of $398m to $431m. “The site is situated within a landed housing enclave. It offers scenic views of Bukit Batok Nature Park, thus making it an ideal choice for individuals seeking homes near natural surroundings. Although it is not located in close proximity to Beauty World MRT station, the tranquil living environment and greenery views may appeal to prospective homeowners,” he said.
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