HY Realty is a new company which has the same shareholders as Hao Yuan Investment which is a China based real estate developer that is very active in the real estate scene in Singapore. HY Realty has put in a top bid of $483.18 million for the Dundee Road site which is a significant 8.4% higher than the next top bidder Allgreen Properties.

HY Realty Dundee Road Queens Peak

Sources indicate that the owners of HY Realty for Queens Peak are branching to look into suburban real estate properties as it believe in the long term gains of real estate properties in Singapore. HY Realty believes that city fringe homes are always in high demand in the city state due to its proximity to the city as well as the various amenities available in the surrounding vicinity. Moreover, the prices of city fringe homes are still too far from the core city centre prices which allows room for appreciation.

HY Realty Queens Peak Queenstown MRT

The shareholders of HY Realty has an extensive array of properties under its arm which includes One Canberra EC and Forestville EC in the northern part of Singpapore. Private properties under its portfolio include The Santorini, mixed development Pavilion at Potong Pasir as well as The Nautical in Sembawang.