The CDL Aries Top Bidder is a homebuyer who has recently won the bidding for two condominiums in the Upper Bukit Timah area of Singapore. This particular bidder has outbid many others in the market to secure the 798 and 800 Upper Bukit Timah Condo units. The CDL Aries Top Bidder is a testament to the increasing demand for luxurious residential properties in Singapore.
The 798 and 800 Upper Bukit Timah Condo units are located within the prestigious Singaporean district of Bukit Timah. This affluent neighborhood is home to some of Singapore’s most exclusive residential properties. The units are located in close proximity to many of the city’s iconic attractions, such as the Singapore Botanic Gardens and the Singapore Zoo. Not only does the area offer great amenities, but it also provides easy access to the city’s public transportation systems.
The CDL Aries Top Bidder has chosen to purchase the 798 and 800 Upper Bukit Timah Condo units because of their excellent location and quality of construction. Both units feature modern design and architecture, and boast a variety of luxurious amenities. Each unit has two bedrooms, two bathrooms, and a balcony. The units also feature a fully-equipped kitchen, dining area, and living room. Additionally, both units come with a private parking space.
The CDL Aries Top Bidder has been able to secure these two units at a competitive price. This is due to the fact that the units are located in an area that has seen steady growth in recent years. The area has seen an increase in demand for residential properties, allowing the bidder to secure the units at a discount. This is a testament to the housing market in Singapore, which is constantly changing.
The CDL Aries Top Bidder is an example of how competitive the housing market in Singapore has become. The bidder has been able to secure two luxurious condominium units in a sought-after area of Singapore at a competitive price. This is a testament to the increasing demand for residential property in Singapore, and the ability of buyers to find great deals. The success of the CDL Aries Top Bidder is a testament to the strength of the Singapore housing market.
CDL Aries Top Bidder for 798 and 800 Upper Bukit Timah Condo
CDL Aries, a subsidiary of CapitaLand Limited, has emerged as the top bidder in a collective sale of 798 and 800 Upper Bukit Timah Condo. The two condominiums have a total of 588 units and the collective sale was launched in October 2020.
The tender for the collective sale closed on the 15th of December 2020 and CDL Aries submitted the top bid of $1,339 million. This amount is approximately $2,263 per square foot per plot ratio (psf ppr). The two condominiums have a total of 4.7 hectares of land, making the deal worth approximately $2.8 billion.
CDL Aries is a fully-owned subsidiary of CapitaLand Limited, a leading real estate development and investment company in Asia Pacific. The company is known for its quality projects and strategic investments. This successful bid is a testament to CDL Aries’ strong track record in the real estate industry.
CDL Aries plans to develop the two condominiums into a mixed-use development with residential and commercial components. The new development will feature a range of amenities, including a swimming pool, gymnasium, and retail outlets. Residents will also benefit from the close proximity to a number of nearby amenities such as schools, shopping malls, and restaurants.
The successful bid is the latest in a series of major investments by CDL Aries in Singapore’s real estate market. Earlier this year, the company acquired the freehold site of the former Hwa Chong Institution for a record price of $1.35 billion. This is the highest price ever paid for a single freehold site in Singapore.
These investments demonstrate CDL Aries’ commitment to the Singapore property market and its ability to capitalize on prime real estate opportunities. With the latest acquisition, the company will be able to further expand its portfolio of residential and commercial projects across Singapore.
The successful bid for 798 and 800 Upper Bukit Timah Condo is a key milestone for CDL Aries. It is a testament to the company’s long-term vision and commitment to the Singapore property market. With this acquisition, the company is well-positioned to further strengthen its foothold in the real estate industry and develop the two condominiums into a mixed-use development with attractive amenities and features.