MARKET UPDATES :
Eight bids have been received for an executive condominium (EC) site along Choa Chu Kang Drive. Sim Lian Land placed the top bid of S$207.4 milion or S$361 per square foot per plot ratio (psf ppr) for the site, which is expected to yield an estimated 535 homes. ECs are a public-private housing hybrid with initial buyer eligibility and resale restrictions that are completely lifted 10 years after the completion of the project.
STOCK RECOMMENDATION :
BUY OLAM INTERNATIONAL ABOVE 2.690 TG 2.730, 2.780, 2.840 SL2.640
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Eight bids have been received for an executive condominium (EC) site along Choa Chu Kang Drive. Sim Lian Land placed the top bid of S$207.4 milion or S$361 per square foot per plot ratio (psf ppr) for the site, which is expected to yield an estimated 535 homes. ECs are a public-private housing hybrid with initial buyer eligibility and resale restrictions that are completely lifted 10 years after the completion of the project.
STOCK RECOMMENDATION :
BUY OLAM INTERNATIONAL ABOVE 2.690 TG 2.730, 2.780, 2.840 SL2.640
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