Whistler Grand Launching Soon

Out of those three private home sites that were up for rent, CDL got two websites with 99-year leasehold and one of them is Whistler Grand situated at West Coast Vale. The land team had set the best bids which include a S$472.4M bid for the parcel of land in West Coast Vale and S$212.2M for the property in Handy Road, near the Dhoby Ghaut MRT Station. The 3rd website that's located along the Chong Kuo Road found the partnership between OKP Land and Lian Shortly Holdings setting the maximum bid of S$43.95 M.

If CDL will be awarded these two websites, they're researching the option of constructing three residential towers with 8-10 tales with 200 apartments in addition to a car park in the basement for the property found along Handy Road. CDL will change the conservation construction and convert it into a clubhouse. Based on Sherman Kwek, the chief executive of CDL, the property team has been selective in locations where they place the two sites where they put the top bid have great possibility. Together with the housing marketplace in Singapore beginning to recover gradually, the group's most important focus is to search for the ideal opportunities that will increase CDL's property bank locally.

When you're going to get a home sometimes you will get into bidding wars with other people that want the exact same home as you. If people have already fallen in love with the home they may push their offer price when they find out others want the same house. One of the things which you can do is to learn the costs of the other homes in the area. This way you have a notion of what things are going for and when it is under priced you can figure out if you would like to bidding or appear elsewhere.

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

Make certain that you receive all of the closing documents ahead of time. Going into closing blind can cause a lengthy meeting in addition to oversights. Read the documents thoroughly ahead of time and ask any questions prior to closing. This will make for a much smoother transaction on the day you go in to sign.

Tricia Song who is the head of Colliers International in Singapore noted that CDL's bid to get the plot in West Coast Vale Whistler Grand was 35 percent more compared to what was paid for the website of the Twin View Project. Despite the abundant source, Song said that what might have increased the confidence of developers in this location is also the local Parc Riviera which has 752 units and 97% of it had been marketed 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 established. Song quotes that breakeven for the storyline in West Coast Vale to be S$1,250 per square foot with an average sale price of between S$1,400 to 1,500 per square foot.

Property Consultants have stated that even with multiple tenders simultaneously closing in for Whistler Grand, this has little impact when it comes to bidding rates. According to JLL's national manager, the best bids on the three bids exceeded the expectations however they won't interfere with the availability of the collective sales-sites on the marketplace. 

Whistler Grand Condo