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.