Here is a summary of the raw data of 7 Government Land sales nearest Tampines Court. I can add a few more to the list when I have time - but looking at the data you can see a semblance of a trend - a Rule of Thumb, as it were.
It seems the developer aims to sell the units at an average of twice the $ psf ppr. In other words a minimum ratio of 2:1. Anything higher (say 2.5: 1 and they are in clover. To those who don't know what $psfppr means it is the Purchase Price /(site area*plot ratio).
GLS sites do not have any Differential Premium or Lease Top up to add to their costs, they are clean sites. Two of the sites (The Alps Residences & The Santorini) are newly launched so the data is not solid there.
Now let's take a look at the ex-HUDC Enbloc sales to see if they followed this Rule-of-Thumb. As you can see, only Farrar Court.
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