The land site of Queens Peak Queenstown was won by HY Realty, which has an indistinguishable investors from Chinese designer Hao Yuan Investment. They rose triumphant among other 8 eight confident bidders, for example, Allgreen Properties and City Developments(CDL) with the best offer of S$483.18 million. Working out to be S$871.14 per square foot per plot proportion (psf ppr) for the 99-year rent site, it is evaluated that Queens Peak cost might be between $1550 to $1600 psf considering in all other cost.
As there are just a modest bunch of apartment suites in the Queenstown domain, for example, Queens Condo, Alexis, The Anchorage and up and coming Commonwealth Towers, it is normal that Queens top condominium will in any case be sought after in spite of the present economic situation. In addition, it is additionally situated at the city periphery with a high thickness of comforts considering the bequest is a standout amongst the most develop in Singapore.
The surmised Queens Peak condo TOP date will be on December 2020. With the current rat of Commonwealth towers sitting appropriate adjacent to Queens Peak Condo, there are no more supply in as of now for new apartment suite extends in the Queenstown region. At of the season of writing(October 2017), there are extremely constrained supply of fresh out of the box new improvements in the territory with Principal Garden having around 15 units, Alex Residences around 14 units and Artra at around 60% sold.