SINGAPORE – The owners of Cascadale condominium in Changi are making a second attempt at a collective sale at the same reserve price of $270 million, market agent JLL said on Tuesday (Oct 1).
The 25-year-old freehold property in District 16 was first launched for collective sale in May this year.
Each owner stands to receive between $1.4 million and $4 million.
The reserve price translates to a land rate of about $1,065 per sq ft per plot ratio (psf ppr), after factoring an estimated development charge of about $15.5 million and before any bonus gross floor area, JLL said.
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