Whistler Grand Condo By CDL @ West Coast Vale Coming Near

From those 3 private housing sites that were up for lease, CDL got two websites with 99-year leasehold and among them is Whistler Grand situated at West Coast Vale. The land group had set the top bids including a S$472.4M bid for the parcel of land in West Coast Vale and S$212.2M to the property in Exotic Road, near the Dhoby Ghaut MRT Station. The 3rd site that's found along the Chong Kuo Road found the partnership between OKP Land and Lian Soon Holdings placing the maximum bid of S$43.95 M.

In case CDL will be awarded these two sites, they are researching the option of constructing three residential towers with 8-10 tales with 200 apartments in addition to a car park in the cellar for your property located along Handy Road. CDL will change the conservation building and convert it into a clubhouse. According to Sherman Kwek, the chief executive of CDL, the property group has been selective in locations where they place bids and the two websites where they put the best bid have great potential. Together with the residential market in Singapore starting to recover gradually, the group's most important focus is to search for the ideal opportunities which will increase CDL's land bank locally. The Chong Kuo Road tender had obtained 8 bids, 6 bids for West Coast Vale and 10 bids for Handy Road.

When you're likely to buy a house sometimes you will get into bidding wars with other people who want the same home as you. If individuals have already fallen in love with the home they may push their offer price when they find out others desire the same home. One of the things which you could do is to find out the prices of the other homes in the area. This way you have a notion of what things are going for and when it's under priced you can figure out if you want to bid or look elsewhere.

For West Coast Vale, CDL had proposed towers with 36 stories. But, Singapore's Urban Redevelopment Authority has given that the maximum residential units for the property is 730.

Be sure you receive all of the final documents beforehand. Going into final blind can lead to a lengthy meeting in addition to oversights. Read the records thoroughly beforehand and ask any questions before closing. This will result in a much smoother transaction on the day that you go into sign.

Tricia Song who is the head of Colliers International in Singapore noted that CDL's bid for the storyline in West Coast Vale Whistler Grand has been 35 percent more than what was compensated for the website of the Twin View Project. Regardless of the abundant supply, Song said that what could have increased the confidence of developers within this place is also the local Parc Riviera which has 752 units and 97% of it was sold by December 2017. Parc Riviera had an average selling price of approximately S$1,200 per square foot within only 13 months after it had been officially launched. Song estimates that breakeven for the plot in West Coast Vale to be S$1,250 per square foot using an average selling price of between S$1,400 to 1,500 per square foot.

Property Consultants have stated that even with multiple tenders concurrently closing in for Whistler Grand, it has little impact when it comes to bidding rates. According to JLL's national director, the top bids on the three bids exceeded the expectations however they will not interfere with the access to the collective sales-sites in the market. 

Whistler Grand Condo