Today's news selection contains the latest real estate related stories. Do you own a real estate/property/finance blog or news site? Send the URL to news@agent.sg so our editors can use them as sources.
Sale of the District 10 freehold site for S$401.9 million to a unit-linked to Hong Kong tycoon Li Ka-Shing was completed on Aug 27, real estate firm Colliers International announced in a press statement on Wednesday.
Depending on the size of their unit, each residential owner stands to receive S$2.78 million to S$11.5 million from the successful sale. The sale price - which is more than 13 per cent above the owners' reserve price - works out to a land rate of about S$1,847 per square foot per plot ratio (psf ppr), after factoring in a development charge of S$3.5 million.
What happened in the Real estate of Singapore?
- Tiong Seng wins S$130.5m contract to develop Club Street hotel
- Bukit Sembawang Estates' Luxus Hills to open for preview on Aug 30
- Singapore was top destination for Hong Kong real estate investors in H1: report
- $9 million GCB and $8 million shophouse to go under the hammer
- Hmlet’s largest co-living facility launches at 150 Cantonment Road
Property News outside of Singapore
Previous news selection:
GuocoLand Q4 net profit up 24% at S$183.7m
About Agent.sg Daily Property News Selection
Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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