Owners of the Spanish Village freehold residential site along Singapore's Farrer Road are offering to collectively sell the property for S$882 million, The (Singapore) Business Times reported, citing marketing agent Edmund Tie & Co.
The asking price reflects a land rate of S$1,721 per square foot per plot ratio.
The 331,457-square-foot Spanish Village estate carries a 1.6 gross plot ratio and comprises 226 apartments, according to the June 4 report.
A S$30 million development charge is included in the asking price for the property's tender, which will run until July 18 at 10 a.m. local time, the paper added.
