Though the local property market has taken a beating recently with banks tightening credit and the uncertain mood in the global financial market, some en bloc sites are braving the negativities of the market and are launching at slightly more realistic prices.

They include the following projects:

§ Chateau Eliza at Mount Elizabeth is asking about $115 million to $120 million or $2,130 to $2,222 psf per plot ratio (psf ppr). There is no development charge (DC) payable.

§ Vista Park which is a 99-year leasehold project with a remaining lease of about 71 years is asking about $265.7 million or $680 psf ppr, inclusive of an estimated $37.3 million in Differential Premium payable for state lease extension. There is no DC payable.

§ Freehold Toho Garden at Yio Chu Kang Road is asking for $60.8 million or $580 psf ppr, including an estimated $9.7 million in DC.

§ Owners of a cluster of 15 freehold houses at Jalan Bunga Raya are asking for minimum $66 million or $800 psf ppr. The DC payable is only $263,000. (27 September 2007)

Edited by Sam Gian – Independent Real Estate Sale Consultant & Trainer