23 Jan '13, 12pm

@PeterCorfitsen Finally done, or almost. #Singapore demolition from top down. Goodbye 1974 Futura

@PeterCorfitsen Finally done, or almost. #Singapore demolition from top down. Goodbye 1974 Futura

CityDev clinches Futura site for $287.3m Sources say it is likely to develop site into a luxury residential condo By UMA SHANKARI (SINGAPORE) City Developments has bagged a freehold residential site at Leonie Hill Road for $287.3 million in a collective sale, sources say. The Futura: Owners are walking away with an en-bloc premium of up to 70 per cent The price paid by the property developer for Futura, which was put up for sale last month, works out to $1,179 per sq ft per plot ratio (psfppr). CityDev is likely to develop a luxury residential project on the site, market watchers said. Over 150 units of an average 1,600 sq ft each can be built. The site was awarded to CityDev after the owners' reserve price was met. DTZ Debenham Tie Leung was the marketing agent. The 87,034 sq ft site has a plot ratio of 2.8, giving it a maximum gross floor area of 243,695 sq ft. The maxim...

Full article: http://forums.condosingapore.com/showthread.php?t=302

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