Its earlier attempt this year was launched in March and closed on April 17 without a winning bidder.
This time, more than 60 per cent of the owners by share value and strata area have signed a supplemental agreement to lower the reserve price to S$129.1 million, translating to a land rate of S$1,200 per sq ft per plot ratio (psf ppr). The site has a land area of 38,426 sq ft, and a gross plot ratio of 2.8. Completed in 1981, the 10-storey development comprises 33 apartments and a penthouse …..
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* List of condos that successfully went en bloc in 2017-2018
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