盛港 Fernvale 的一块地 14方人马竞标！第一名比第二名才高 0.005%！！

不知道这种情况下，第二名是怎么排解郁闷的？

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http://business.asiaone.com/property/news/keenly-contested-fernvale-site-gets-top-bid-s2871m


Developers continue to be hungry for land.

A state tender on Tuesday for a 99-year leasehold private housing site along Fernvale Road in the Sengkang area beat earlier market projections. It garnered 14 bids with the top bid at S$287.1 million or S$517.03 per square foot per plot ratio.

Bidding was competitive, with the top bid coming in just 0.005 per cent higher than the second highest bid - one of the keenest at a Government Land Sales (GLS) tender, according to SLP International executive director Nicholas Mak.

When the 1.7-hectare site was launched last month, property consultants polled by The Business Times had generally predicted five to 10 bids for the site, with top bids expected to come in at S$440-490 psf ppr.

The top bid at Tuesday's tender - from a Sing Holdings-Wee Hur partnership - was about 17 per cent higher than the price paid about two years ago for the neighbouring High Park Residences land parcels, noted JLL national director Ong Teck Hui.

At a state tender that closed in August 2014, a joint venture between Chip Eng Seng, KSH Holdings and Heeton Holdings clinched two adjoining sites on which they are developing High Park Residences, at S$438 psf ppr and S$448 psf ppr; the plots drew just four bids and three bids respectively. Market watchers credited the strong turnout and optimistic bids at the latest tender to the previous success of High Park Residences in addition to the general scarcity of private housing sites at state land tenders.

"High Park Residences has sold 98 per cent of its units based on August sales data at an average price of S$990 psf," said Mr Ong.

"The higher bid for the subject site indicates that the units may be sold at a slightly higher price than High Park Residences, which will probably still find demand from buyers, given the rapid take-up at High Park Residences and against the possible backdrop of an improved market."

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