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Condominium in Singapore seeks S$220M in en bloc sale

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Condominium in Singapore seeks S$220M in en bloc sale

The Estoril condominium property in Singapore's Holland Village is up for an en bloc sale with a S$220 million asking price, The (Singapore) Business Times reported.

The residential site along 95 & 97 Holland Road spans roughly 84,600 square feet and houses 44 residential units. It could be redeveloped to hold 166 units, as it has a height control of up to 12 stories and a total allowable gross floor area of roughly 148,896 square feet, along with a 10% bonus area on balconies, the Feb. 26 report noted.

The asking price translates to a land price of roughly S$1,625 per square foot per plot ratio. The development has a plot ratio of 1.6, according to the report.

The public tender for the property will close April 3.

As of Feb. 26, US$1 was equivalent to S$1.32.