Fragrant Gardens, located off Upper Paya Lebar Road, has put itself on the market for a collective sale with a reserve price of $65 million.
This translates to a land rate of approximately $1,204 per square foot per plot ratio (psf ppr), said marketing agent Knight Frank.
With no development charge payable, and with the inclusion of a 10 per cent bonus balcony gross floor area, the land rate works out to about $1,094 psf ppr, subject to the authorities’ approval.
The 37-unit freehold development occupies a 38,576 sq ft plot.
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