28 Jul '15, 4am

#singapore #property Shunfu Ville set to go en bloc: The owners of Shunfu Ville in Mary...

Comment E-mail to friend Bookmark & Share The owners of Shunfu Ville in Marymount Road have reportedly secured the minimum consent required for the residential development to be launched for collective sale. A former HUDC estate that was privatised, Shunfu Ville is a short distance from Marymount MRT station on the Circle Line and sits on a 409,000 sq ft site with a balance lease term of around 70 years, reported The Business Times . The site features three 16-storey towers and three low-rise blocks, with unit sizes ranging between 1,668 sq ft and 1,776 sq ft. The en bloc sale of the 358-unit development is being marketed by JLL. The owners controlling 80 percent of Shunfu Ville’s strata area and share value have agreed to the collective sale. They are expected to receive over $700 million from the sale, which works out to a unit land price within the low $800 psf ppr rang...

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

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propertyguru.com.sg 29 Jul '15, 4am

Comment E-mail to friend Bookmark & Share Although market sentiment for the real estate sector remained weak, the sentimen...