The residential site along Tampines Avenue 10 is hotly contested by 12 hopeful bidders with MCC Land emerging winner with a top bid of S$227.78 million. This will work out to a Alps Residences psf ppr of S$483 per square foot as a breakeven. Market analysts also highlighted the number of bids submitted are healthy as developers are running low on land and are looking to replenish sites. This goes to show that the property market is picking up.
MCC Land will be featuring a comprehensive range of unit types in this new project. From 1 bedroom / 1 + Study / 2 bedrooms / 2 + Study / 3 bedrooms / 4 bedrooms and Penthouses, buyers and investors are in for a treat here. Good news is that the Alps Residences price will only be starting from $4xxK. This level of entry price is not often seen in today’s market thus making it a steal for buyers!