29 Oct '17, 1pm

Bukit Timah sites gain traction in collective sale market

Bukit Timah sites gain traction in collective sale market

Just when one site is sold en bloc, another goes on sale. All in the prime districts 10 and 11 where Bukit Timah sits. Dukes Residences Bukit Timah even more popular now with Downtown Line. The district has become even more popular with the downtown line. It has made travelling via public transport in the area more conducive. And with the number of schools along the Bukit Timah, properties here are in increasing demand. The 19,203 sq ft Dunearn Court has just been sold for $36.3 million. That works out to be approximately $2.91 million to $3.12 million for each of the 12 apartment unit owners. The winning bid came from Roxy-Pacific Holdings unit RH Central. The site has a gross plot ratio of 1.4 and comes with a development charge of $550,000. The land price comes up to about $1,371 psf per plot ratio. Location and it’s freehold status are the site’s calling cards. It is j...

Full article: https://www.iproperty.com.sg/news/bukit-timah-sites-gain-...

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