22 Aug '17, 3am

Florence Regency up for collective sale

Built in the late 1980s, Florence Regency comprises 336 units of apartments and maisonettes. It has a gross plot ratio of 2.8 and a site area of 389,236 sq ft. With 71 years left on its lease, the site could yield up to 1,300 apartment units. (Photo: JLL) Former HUDC estate Florence Regency has been launched for collective sale, with the owners expecting bids of between S$600 million and S$650 million. Built in the late 1980s, Florence Regency comprises 336 units of apartments and maisonettes. It has a gross plot ratio of 2.8 and a site area of 389,236 sq ft. With 71 years left on its lease, the site could yield up to 1,300 apartment units. Florence Regency carries a land rate of S$779 psf per plot ratio, given its minimum price of S$600 million and differential premium of around S$249 million. Marketing agent JLL revealed that this is the first attempt by the development’...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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