Terrasse was sold at $899 psf, land cost $456 psf ppr

[Arcachon]

Four GLS sites were sold in 3Q2021: Lentor Central with a top bid of $784 million or $1,204 psf per plot ratio (psf ppr), Slim Barrack Rise Parcel A ($320 million or $1,246 psf ppr), Slim Barrack Rise Parcel B ($162 million or $1,210 psf ppr), and Tampines Street 62 executive condominium site ($422 million or $659 psf ppr).

https://www.edgeprop.sg/property-news/real-estate-investment-sales-rise-22-3q2021-cushman-wakefield?utm_source=facebook&utm_medium=dlvr.it&utm_campaign=contentdistribution&utm_content=https%3A%2F%2Fwww.edgeprop.sg%2Ftep-solr%2Fapi%2Farticles%2FgetArticlesRssNew.php&fbclid=IwAR1ggWE94DqhokpwT57nCaoiT6dHMjhaiurZyDc__bdf81udtSOkrRWzUzE

This is a leasehold project by MCL Land, who had acquired the site via a GLS tender in May 2010 for $456psf ppr.

http://www.sgproptalk.sg/2011/06/terrasse-review.html

[bnewconte]

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