By recent benchmarks, this represents a relatively attractive entry price. Depending on eventual margins, part of this cost advantage could potentially be passed on to buyers.
When Loyang Valley was put up for collective sale for the third time last September at $880 million — $100 million below its 2022 asking price — it drew no bids. This was hardly surprising. The area has long carried an “ulu” (Malay for remote) reputation, with perceptions of limited amenities and relative isolation weighing on developer interest.
Yet SingHaiyi’s recent successful collective sale has reignited attention on this plot, stoking hype around the highly anticipated upcoming development. SingHaiyi secured the site at $880 million, translating to a land rate of $936 psf per plot ratio (ppr).
