Analysts indicated the most recent reference point for Shunfu Ville was the state’s tender for a Toa Payoh site, for which the winning bid was 777.30 Singapore dollars per square foot per plot ratio. However it must be remembered that Shunfu Ville is a much larger site than the Toa Payoh site. Although the Toa Payoh site is a more central site than Shunfu Ville, Shunfu Ville can fairly be considered part of the desirable Thomson area The Terrace EC.

The Terrace EC

CapitaLand paid $869 Singapore, per square foot per plot ratio for the Sky Habitat site in Bishan in February 2011 and 853 Singapore dollars per square foot per plot ratio for the Sky Vue site, also in Bishan in November 2012. Urban Redevelopment Authority data published on the official website for The Terrace EC indicated 372 of a total 509 units at Sky Habitat were sold by …