Braddell View mega site relaunched for en bloc sale at same reserve price of S$2.08b | / Property news / Braddell View mega site relaunched for en bloc sale at same reserve price of S$2.08b

Braddell View mega site relaunched for en bloc sale at same reserve price of S$2.08b

SINGAPORE'S largest private residential site - Braddell View estate - has been relaunched for collective sale by tender, with the owners' reserve price remaining unchanged at an eye-grabbing S$2.08 billion.

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Owners of the residential units stand to receive between S$2.04 million and S$4.03 million each if the sale succeeds, marketing agent Colliers International said on Tuesday.

Apartments range in size from 1,453 square feet to 3,369 sq ft.
Meanwhile, commercial shop owners could receive about S$529,500 to S$1.2 million.

After factoring in the 7 percent bonus balcony gross floor area, the estimated differential premium, and the cost of topping up the lease to a fresh 99 years, the reserve price translates to a land rate of about S$1,159 per square foot per plot ratio (psf ppr), Colliers International said.

The property in Braddell Hill was originally put up for sale on March 27, but the tender closed in May with no bids. BT previously reported that market watchers were unsurprised by this, given the size of the estate, cooling measures implemented last July, and the moribund en bloc market. 

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