Date: 25 February 2019, Author: Jamie Lee, Source: BT

Brief:  The 99-year leasehold, 660-unit condominium has been launched for collective sale at a reserve price of S$1.86 bil or a land rate of S$1,307 psf ppr, after factoring in differential and lease upgrade premiums payable. The previous asking price was $1.72 bil. With a gross plot ratio of 2.1 it can be redeveloped into 24 storeys, with 2,050 maximum allowable dwelling units with the average size of 85 sq m. The tender will close on 3 April 2019.