Olina Lodge, Verdun House up for collective sale for S$220m, S$60m respectively
OWNERS of Olina Lodge, a freehold project in prime district 10, hope that third time’s the charm for their collective sale attempts and have launched their properties for en bloc sale – this time with a reserve price of S$220 million.
This translates to a land rate of S$1,631 per square foot per plot ratio (psf ppr), said sole marketing agent Singapore Realtors Inc (SRI).
If the developer chooses to build additional 10 per cent gross floor area (GFA) for balconies, the land rate could be potentially pared down further to slightly below S$1,500 psf ppr …..
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You may also be interested in the following:
* 78 condos in Singapore with enbloc potential, 80% vote & due en bloc process
* Implications of URA Master Plan and LTA Master Plan for Singapore’s property market
* List of condos that successfully went en bloc in 2017-2018
Mike Tan | CEA Regn R059706Z | 98280030