Monday, March 12, 2012

Seletar Garden sold en bloc for $96.2m

traits Times: Sat, Mar 10
SELETAR Garden, a freehold mixed development of walk-up flats and shops, has been sold en bloc for $96.2 million - well above expectations.

The price translates to $890 per sq ft per plot ratio (psf ppr), assuming a mix of 25 per cent commercial and 75 per cent residential units.

The owners had asked for $80 million to $85 million, or $712 psf ppr to $751 psf ppr. The buyer is a consortium led by Oxley Holdings...

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Team Marshe
Martin Koh/ Sherry Tang
9383-3992/ 9844-4400

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