16 Apr '18, 1am

$906.9 million selling price makes Tulip Garden this year’s second biggest en bloc sale https://t.co/SC2qa5TqTu

With a selling price of $906.9 million, Tulip Garden has made it on the chart as this year’s second biggest collective sale. Tulip Garden Freehold Tulip Garden sold for 20% more than its reserve price The freehold district 10 condominium was built in 1985 and consist of 162 apartments and maisonettes plus 2 shop units. Part of the reason why the freehold site sold for 20.4% more than its reserve price of $753 million could be its location. The 316, 708 sq ft site is located near Holland Village and a Good Class Bungalow area. Based on the sale price, each residential owner could receive between $4.3 million and $7.6 million depending on unit size. Each unit is sized between 1,701 sq ft to 3,412 sq ft. The winning bid came from a joint entity between Chinese developer Yanlord Land Group and MCL Land. It is fourth-time lucky for the Tulip Garden owners as it was previously s...

Full article: https://www.iproperty.com.sg/news/906-9-million-selling-p...

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