26 Oct '17, 12pm

Crystal Tower in Bukit Timah up for sale again at $138m

Built in the 1970s, the 28-unit Crystal Tower is now going for $138 million. (Photo: Edmund Tie) Crystal Tower, a freehold residential site at Ewe Boon Road, has been put up for en bloc sale again at $138 million, marketing agent Edmund Tie & Co. said on Thursday (26 October). The asking price works out to a land rate of $1,406 psf per plot ratio (psf ppr) based on its existing gross floor area of 98,179 sq ft. No development charge is payable. Two previous collective sale attempts back in 2011 and 2012 saw higher asking prices of $155 million ($1,600 psf ppr) and $150 million ($1,458 psf ppr), respectively. If the sale goes through, the apartment owners will get about $4.6 million to $5.0 million, while the penthouse owners will get around $9.2 million. Built in the 1970s, the project comprises 28 apartments and is situated on elevated land measuring about 60,482 sq ft. T...

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

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