Bukit Sembawang Estates has always made it a priority to involve themselves in high-quality projects designed to earn them more recognition and profits over the long run. Their decisions always show a pattern of a success and this case is no further away from reality since they have successfully bought the Airview site for $202 Million. The site at Airview is now 8 Saint Thomas.
Sale of Airview Site
This 100 unit development is situated in the famous river valley area where the St Thomas Walk is placed. The initial prices suggested for this property ranged from $135 to 142 Million, indicating a cost of $750 to 800 per square foot per plot ratio, only to be met by a 50% increase later on. The director of investment advisory services at DTZ handled the tender and noted that the reserve price for the Airview site had been met at some …