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Margaret Ville by MCL Land

Margaret Ville by MCL Land

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The piece of land at Margaret Drive released by the Government under the GLS program was bid by fourteen land deprived developers who were hungry for land bank.  MCL Land was the top bidder with offer of $238.4 million and its project on this land, Margaret Ville will yield about 275 condominium units.  This site for the Margaret Ville condo is near to Commonwealth MRT being walking distance away.  The location of this land where Margaret Ville new condo is being developed is also very convenient given its centrally situated district in Singapore.Based on the land tender price, the price for the developer for this new condoto break even  is estimated to range from $1,450 to $1,550 psf range.

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