More Residential Sites Coming Our Way

The Alexandra site attracted 6 bids when tender closed yesterday. With top bid at $288.4m, this equates to $639 psf ppr. The 99-yr site can build abt 400 units, <= 40 storeys high. Estimated break even cost at $1000 - $1100 psf.
Land: 8,558.9 sqm, GFA: 41,939 sqm [Pending]

Its neighbouring site, The Metropolitan, fetched $350 psf ppr in Nov 05.

Other residential sites:
(1) Boon Lay Way/Lakeside (beside Lakeside MRT) * URA-BoonLay *
Land: 22,000.9 sqm, GFA: 77, 003 sqm, $205.6m ($248 psf ppr) [Dec 07]
(2) Simei St 4 (near Simei MRT) * URA-Simei *
Land: 32,210.5 sqm, GFA: 74, 084 sqm, $236.1m ($296 psf ppr) [Jan08]
(3) Choa Chu Kang Rd/Woodlands Rd (current Ten Mile Junction, abv B.Panjang LRT)
Land: 15,645.2 sqm, Residential GFA: 23, 634 sqm, Commercial GFA: 11,259 sqm (Rejected as bid price was too low) [Apr 08]

* URA-Redhill , ST-Redhill , URA-CCK , AsiaOne-CCK *