01/04/2020
GOODLUCK Garden, a 210-unit residential development along Toh Tuck Road, has been sold collectively to the Qingjian Group of Companies for S$610 million.
This is the third largest en bloc deal to be awarded this year, after Park West's S$841 million transaction in January, and Pearl Bank Apartments' S$728 million transaction in February.
Based on a potential gross floor area of 46,840.08 sq m, the sale price translates to a land price of about S$1,210 per square foot per plot ratio (psf ppr). Due to a high development baseline, a development charge will not be payable for the 10-per-cent bonus balcony and this will lower the land price to S$1,100 psf ppr.
- Source: Business Times
