Tuesday, April 3, 2012

Bartley apartments, houses sold en bloc for $74.1m

Business Times: Tue, Apr 03
BARTLEY Grove Apartment, together with three adjoining terrace houses has been sold to Bartley Homes Pte Ltd, a subsidiary of Top Global Ltd, for $74.1 million, or some $810 per square foot per plot ratio.

The collective sale of the 25-unit development together with the adjoining terrace units located along Bartley Road, marks the first pure-residential collective sale of the year.

According to marketing agent Credo Real Estate, the six en bloc sites sold in the first quarter of 2012 amounted to $456.6 million, the lowest volume over the last seven quarters.

Located in District 19, the combined freehold site has a land area of 65,305 sq ft. Under the 2008 Master Plan, the site is zoned for residential use, with a gross plot ratio of 1.4, and an allowable height of up to five storeys...

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Martin Koh/ Sherry Tang
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