Gilstead Mansion has been relaunched for collective sale at $65 million, or $3 million less than its guide price in June, as owners hope to beat the chill of July’s cooling measures and the clock.
From early next year, new guidelines on the maximum number of units allowed in new private and condominium projects outside the central area will kick in.
The revised price translates to $1,524.70 per sq ft per plot ratio, with no development charge payable.
The 24-unit freehold development has a land area of 35,751 sq ft and an existing gross floor area of 42,632 sq ft …..