21/07/2017
Singapore collective sale upswing rolls on with Meyer Road condo sold for S$69.12 million http://www.straitstimes.com/business/property/singapore-collective-sale-upswing-rolls-on-with-meyer-road-condo-sold-for-s6912?&utm_source=whatsapp&utm_medium=social-media&utm_campaign=addtoany&utm_source=whatsapp&utm_medium=social-media&utm_campaign=addtoany
The price works out to S$1,409 psf per plot ratio inclusive of development charges
"The Albracca's tender response was strong with more than a dozen bids received from developers of all sizes - from large to boutique developers, contractors and a fund manager," says Mr Karamjit Singh, senior consultant at JLL.
JLL told The Straits Times that each owner stands to pocket "slightly under S$4 million to S$7 million plus" from the sale, depending on the size of their property.
SINGAPORE - The Albracca condominium in Meyer Road has been collectively sold for S$$69.12 million to developer Sustained Land - the fifth successful en-bloc deal done this year, as the resurgence in the market continues.. Read more at straitstimes.com.
