Influence Of Developer With LIV @ MB
Bukit Sembawang Estate has acquired Liv @ MB, a residential property situated in District 15 through its subsidiary for $345 m. The buying price is 20% more than the reserve price, which set at $288 m. The site attracted a total of 10 bidders. Sitting on the site is a 31-year-old property comprising of 5 penthouses, 111 apartments and 2 commercial units. The site has a land area of 140,758 sq ft. It has a plot ratio of 2.1 and can be developed for residential purposes, rising to 24-storey as per 2014 Master Plan guidelines.
The sale price for Liv @ MB By Bukit Sembawang reflects a land rate of $1,280 psf ppr factoring the top-up of about $60 million for extending the lease. Owners of the units are expected to receive anything between $2.25 and $3.23 million. But owners of the penthouses will receive higher amounts ranging from $4.95 million to $12.08 million.
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LIV @ MB By Bukit Sembawang Estate Limited
From our humble beginnings as a leading rubber company in 1911, we have diversified into the development of landed property in the Fifties. In 1968, Bukit Sembawang was incorporated in Singapore as a public-listed company to focus property development, investment and other property-related activities.
For over half a century, we have been building some of Singapore’s most well-known residential developments including 2,500 homes in Seletar Hills, over 1,000 houses in Sembawang Hills and more than 500 in other locations. As one of Singapore’s pioneers in residential property development, we have established a reputation as a trusted developer of fine quality homes with great value. It is through this unwavering commitment that has won us numerous Accolades and Awards through the years.
Our exacting standards have delivered not just houses but distinctive homes where lives revolve memorably around. Homes that are characterized by thoughtful planning, outstanding design, fine detailing and quality finishing – often surpassing the expectations of discerning home-buyers.
We pride ourselves on the fact that thousands of families now call our developments – Home. And expect many more to do the same in the years to come. Our award of the BCA ISO 9000 Certification in Project Management Services (Construction) holds testament to our promise of delivering the highest standards of quality and satisfaction to our customers. We value every customer, every family, and we shall remain dedicated to creating quality homes that property owners will love, cherish and appreciate – for generation after generations.