China Overseas Holding and CSC Land Group had jointly acquired Jalan Jurong Kechil at the highest bid of $215 million. The land bid price translates to a land rate of $1,002 psf per plot ratio (ppr). This also work out the Jalan Jurong Kechil site is expected to breakeven in the range of $1,640 to $1,700 psf.
CSC Land Group and China Overseas Holding are holding the Jalan Jurong Kechil residential site with a gross plot ratio of 1.4. The residential condo to be known as The Verdale will be developed to a full size private condominium with many facilities span across the land to serve the future residents.
The Verdale condo enjoys a strategically location in the Core Central Region district 10. Many amenities are surrounding the private condo and are going to benefits the future residents living in the anticipated condominium. Many family-occupants will desire to own and live in the region with an expectation of tranquil living and last memories to build in the near future.
Both CSC Land Group and China Overseas Holding are excited to venture into developing the residential site, adding value to families in their lifestyle that will entice many of the homeowners in the market. Visit the latest update of The Verdale project details.
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