$1.18 Billion Reserve Price For Upper Thomson Condominium

Yet one more "garden" has actually been placed on sale. Faber Yard on Upper Thomson road has actually simply declared a spot in the en bloc market. And also should the sale go through, it will be the 2nd biggest collective sale ever before. The estate Faber Yard has actually placed a $1.18 billion book rate on their residential or commercial property. It was constructed in the 1980s as well as sits a plump 5.05 hectares piece of land near the Central Nature Reserve. Amongst its next-door neighbors are various other exclusive condos, landed homes as well as Parc Botannia showflat. It absolutely is not doing not have in plant with the Lower Pierce Storage Tank and also Windsor Nature Park nearby. Additionally within walking distance is the upcoming Brighthill MRT terminal, which is part of the new Thomson-East Coast MRT line.

A popular item of freehold land in a quiet territory surrounded by nature. While the area of and also the setting surrounding the land is optimal for residential development, the dimension of the land would certainly be something designers have to come to grips with. Though the quantum reserve price is high, the per sq ft each story proportion exercises to a palatable $1,414 psf ppr. And also this is including advancement charges of $106.7 million, $52.8 million of which is the amount payable for intensification of the land plus a 10% reward on porches. Home experts are anticipating the new launch to be valued from $2,000 psf and also up.

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