This is the priciest residential site for Q3

It is worth a hefty sum of $516.30 million.

According to Colliers International, the third quarter of 2012 saw the conclusion of the most sizeable public residential land sale so far in 2012.

Here's more from Colliers International:

A 2.4-ha condominium site on Prince Charles Crescent was clinched by a consortium formed by WingTai Holdings Limited, Metro Holdings Pte Ltd and United Engineers Limited for a hefty sum of $516.30 million.

The unit land price of $960 per sq ft per plot ratio for this 99-year leasehold condominium site outstripped the previous high achieved in the locality – Singapore Land Limited paid $881 per sq ft per plot ratio for the adjacent 99-year leasehold site on Jervois Road in February of this year.

The residential sector continued to be a standout in the quarter which ended in September with a total of $4.97 billion worth of deals accumulated from both the public and private sectors, accounting for some 44.5% of 3Q 2012’s total investment sales value and surpassing the previous quarter’s level.

Private sector sales of residential properties (including land) gained further momentum in 3Q 2012 to reach $3.04 billion, 46.2% above the $2.08 billion transacted in 2Q 2012.

Of these, some $1.18 billion was contributed by seven collective land sales. The $1.18 billion worth of residential collective deals is also a new high since some $6.53 billion worth of deals accumulated from 41 collective sales took place in 2Q 2007 when Singapore’s property market was at its peak.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia