Margaret Drive Condo Location Map

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In August 2024, the 102,497 sq ft residential development site at Margaret Drive was sold to a consortium made up of Hong Leong Holdings, GuocoLand Limited, and Intrepid Investments. The 99-year leasehold site can yield about 460 residential units ranging from one to five bedrooms.

The winning bid of $1,154 per square foot was about 5% higher than the second bidder, Sing Holdings’ bid of $1,100 per square foot. Only receiving two bids despite Queenstown being a popular residential area is a reflection of Singapore’s sluggish home sales market and high financing costs.

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