The recent Government Land Sale (GLS) of Pine Grove Parcel A site has sent shockwaves through the real estate market, capturing the attention of investors and homebuyers alike. This highly anticipated land plot GLS has drew 5 bidders, with a difference of just $800 or 0.0001% between the top and second highest bidders.
The winning bid for Pine Grove Parcel A site was by the 80:20 joint venture between UOL Group and Singapore Land Group (SingLand) has shattered records. With a top bid of $671,500,800, the land rate translates to an impressive $1,318 per square foot per plot ratio (psf ppr). This astounding figure showcases the immense potential and value of this prime piece of land.
The Pine Grove Parcel A Site is set to be transformed into a stunning residential project and to be named Pinetree Hill, comprising 520 units (subject to authority approval).
Situated in the highly sought-after district 21 and under the Rest of Central Region (RCR) segment, Pine Grove Parcel A site boasts an enviable location that offers easy access to major roads and public transportation. This means that residents will enjoy seamless connectivity to various parts of the city, making commuting a breeze. Furthermore, the site is surrounded by a plethora of amenities, including shopping malls, schools, and parks, ensuring that residents have everything they need right at their doorstep.
The joint venture between UOL Group and SingLand is renowned for their track record of successful residential projects, such as The Tre Ver and Clavon. With their wealth of experience and expertise, they are poised to deliver yet another exceptional development at Pine Grove Parcel A Site. Homebuyers can expect top-notch quality, innovative designs, and an unparalleled living experience.
Pinetree Hill presents a golden opportunity for homebuyers and investors to be part of an exceptional residential project. With its record-breaking bid, unbeatable location, and the expertise of the UOL Group and SingLand joint venture, this development is set to become a highly sought-after address in the market.
Contact us today via Inquiry Form to learn more about this exciting project Pinetree Hill!