trending Market Intelligence /marketintelligence/en/news-insights/trending/x0lkk1lurrw9_y7gxcwxta2 content esgSubNav
In This List

Singapore condominium enters en bloc sale market with at least S$218M price tag

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Singapore condominium enters en bloc sale market with at least S$218M price tag

A 72-unit freehold condominium complex on Singapore's Balestier Road was placed on the en-bloc sale market at an expected price of at least S$218 million, The (Singapore) Business Times reported, citing the property's marketer, Teakhwa Real Estate.

The price of the 61,951.8-square-foot Balestier Regency estate translates to a S$1,264.90 per square foot per plot ratio land rate, which takes into account a S$1.35 million development charge, the May 23 report noted. Teakhwa said the site comes with a 36-story height limit, including an up to 173,408.9-square-foot allowable gross floor area for a new development containing approximately 230 apartments each measuring an average 753 square feet.

Closing of tender submissions for the property will take place June 21 at 3 p.m. local time, according to the report.

As of May 23, US$1 was equivalent to S$1.34.