Five freehold residential sites in Singapore with a combined value of over S$1.2 billion have been placed on the collective sale market, according to marketing agent JLL.
The 140,055-square-foot Cavenagh Gardens site located off the city-state's Orchard Road can accommodate a luxury redevelopment, according to a release. It is on the market for at least S$480 million, or S$1,640 per square foot per plot ratio.
The other four sites comprise the 208,443-square-foot Flynn Park on Yew Siang Road being tendered for at least S$363.8 million; the 103,177-square-foot Rosalia Park at Lorong Ong Lye going for a minimum of S$175 million; the 47,012-square-foot La Ville on Tanjong Rhu Road up for sale for at least S$152 million; and three single-story detached houses at Lorong H Telok Kurau going for between S$36 million to S$38 million.
The tenders for the properties will close between June 19 and June 29.
As of May 15, US$1 was equivalent to S$1.34.
