07 Jun '18, 5am

Farrer road mainstay going en bloc – Spanish Village https://t.co/q7kG70DMGB

The Spanish Village private condominium development has been quite the mainstay along the Farrer road stretch. But now they too are going en bloc, for $882 million. Spanish Village Farrer road property added to the list of prime district collective sales More properties in the prime districts are putting themselves in the collective sale market. Are the developers truly biting or are they now waiting for good deals to come their way? Have all their land banks been fully replenished or are they still looking for opportunities to top up their tanks? Are there newcomers in the developer pool and could that be the reason for renewed interest? Spanish Village was built in the 1980s and now at more than 30-years-old, the 331, 457 sq ft condominium may make way for more and newer units. The site is zoned for residential use with a gross plot ratio of 1.6. At their asking price of...

Full article: https://www.iproperty.com.sg/news/farrer-road-mainstay-go...

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