Prefabrication construction methods were the root of unexpectedly cheap bids for the site at West Coast Vale at a tender which recently closed.

EL Development had the top bid – $314.1 million or $551.15 per square foot, per plot ratio (psf, ppr) for the site (about 3.2% above the second highest bid by a joint venture of Hoi Hup Realty, Sunway Developments, and Oriental Worldwide Investments).

Prefab Requirement Increase Costs

The six bids were decreasing on recent tenders, most likely because of the requirement to use prefabricated, prefinished volumetric construction (PPVC). You can also place the fault with the location – fronting the Aye Rajah Expressway (AYE) and is a whopping 2km from the nearest MRT station, found in Clementi.

The bid at the end of the spectrum was by Singland Homes and Kheng Leong Co, at $236.9 million (only $415.69 psf, ppr).

“It will be one of the first …

There has always been a confusion weather to buy a condo or ECs. After all, both have its pros and cons and buyers are sometimes undecided weather to buy a condo or an EC. Especially when the market is slightly less than ideal, buyers may be looking for city fringe or suburban condos such as Parc Riviera near to Clementi as the outlay potential is lesser and also the rental potential maybe there as it is near to many shopping centres and academic institutions.

Buying Parc Riviera Condo

There are a few points when considering to buy a private condo or EC which are rental income and upside capital gain potential. As in order condos, Parc Riviera by EL Development has a higher upside potential given that condos have always been better in performance as any new MRT stations or new business centres near the development will see price increase …