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Former Zouk site at Jiak Kim Street gets bid of S$955.4m for development

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The purchase price of S$1,732.55 per square foot per plot ratio (psf ppr) for the plot of land at Jiak Kim Street is almost $500 psf ppr more than the original purchase price of the plot of land at where Martin Modern stands at right now.

When doing a comparison of Martin Modern and the future launches in the area, we all know the current sale price of the units at Martin Modern are below the future launches. Owners of Martin Modern will stand to profit greatly in the future when they realize their initial entry price in the area is lower.

Source – https://www.channelnewsasia.com/news/business/pacific-mansion-en-bloc-biggest-10055456Channel News Asia

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