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 …..