Unusual demand for this plot of land - The Kallang Residences

The recent unusual demand for this plot of land Kallang Residences with more then 11 times oversubscription, in the new Build To Order amounting to around $500K for a 4 room HDB flat  before subsidies, due to various factors.

Near  Kallang MRT

Around the area no one room HDB flat.

Near the Kallang River when the Sports Hub and the Water sports facilities, costing around $2 billions.

Small amount of units were build.

Near James Cook University, Sims Drive.

At the fringe of city centre

Beside the block 5A HDB, where high floor could cost as much as $500K  for a 3  room flat.

The condo Studio 8 beside it, where a studio  cost around $1 million per unit.

http://www.straitstimes.com/singapore/housing/bto-launch-kallangwhampoa-bidadari-flats-most-popular