The winning bid prices stood over 20% more above the land cost for the recently-launched One-North Eden, which made One-North Eden’s homeowners “immediate winners”, say the analysts in their report on Sept 29.
DBS Group Research analysts Rachel Tan and Derek Tan say they expect the residential property sector to remain buoyant, although the further “heating” up of the market will raise the risk of intervention from the Singapore government.
The analysts’ comments come as the top bidders for two government land sales (GLS) sites at One-North were revealed on Sept 28.
