Bid Price of Margaret Drive Condo site exceeds market expextation

Margaret Ville Site - Fierce bidding of 14 developers

The residential site which Margaret Ville Condo lands on draw the attention of 14 developers. And the top offer of $238.39m for the 22,195 sq m residential plot @ Margaret Drive Road is from MCL Land that is 7.9 per cent higher than the second-highest bid from Allgreen Properties ($220.9 million).

The gap between two highest bids was the widest among this year's residential GLS tenders, head of research and consultancy at SLP International Property Consultants - Mr Nicholas Mak said. The strong participation as well as the high price shows apparently the Margaret Drive site's potentiality.

Margaret Ville By MCL Land

The upcoming Condo @ Margaret Drive takes shape with about 300 units on a site area of 4,809.8 square metres. According to some analysists, fewer units mean it would also be easier for MCL Lan d to market than the 845 units in Commonwealth Towers and 736 units in Queens Peak.

For more information on Factsheet, Specification, as well as The Official Launch Date of Margaret Drive Condo, please fell free to be back our Overview.

Margaret Ville MCL Land in Queenstown

The new condo along Margaret Drive is nestled within the Queenstown Planning Area, District 3, Singapore. Just away from the site about 500m, Commonwealth and Queenstown MRT Stations are available for the easy travel around The Island. Besides, well-linked to the Ayer Rajah Expressway via Queensway and Alexandra Road gives the Margaret Ville's residents more accessibility.

Amenities Near Margaret Drive Condo

When it comes to shopping, dining, entertainment and recreational Facilities, Sentosa, Orchard Road and Dempsey are just a short drive away from this MCL Land. Girls’ School and Anglo-Chinese School (International) and numerous renowned schools are just within your neighborhood.,

More information on Margaret Ville Condo Location Map, List of Amenities are available at Location Page.

Margaret Ville Price Guide - Direct Developer Pricing

Via the confident bidding, bidders believe in a possible upside in prices by the time Margaret Drive Condo is launched for sale next year. Based on the land tender price, the break-even price is estimated to be in the $1,450 to $1,550 psf range.

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