Results 1 to 3 of 3

Thread: UOL buys Spottiswoode Apartment for $79.5 million

  1. #1
    joe Guest

    Default UOL buys Spottiswoode Apartment for $79.5 million

    ACQUISITION OF PROPERTY KNOWN AS SPOTTISWOODE APARTMENT LOCATED AT 70 SPOTTISWOODE PARK ROAD, SINGAPORE
    Attached Files Attached Files

  2. #2
    good one! Guest

    Thumbs up Re: UOL buys Spottiswoode Apartment for $79.5 million

    Wow! I know that area, just passed by it the other day and I was wondering how come no en bloc activity here. Good location! This is going to be another 30+ storey project in the city!

  3. #3
    mr funny is offline Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default Spottiswoode Apt sets new benchmark

    Published April 5, 2007

    Spottiswoode Apt sets new benchmark


    UOL's $79.5 million acquisition of Spottiswoode Apartment, announced late on Tuesday, works out to a unit land price of $732 per square foot per plot ratio including an estimated $167,000 development charge.

    This is a new benchmark for the Neil Road/Cantonment Road area, says United Premas, which brokered the freehold collective sale and released unit land price details yesterday.

    Based on a land cost of $732 per sq ft per plot ratio, UOL's breakeven cost for a new condo project will be about $1,050 psf, market watchers reckon.

    The 38,878 sq ft freehold site is zoned for residential use with a 2.8 plot ratio - the ratio of potential maximum gross floor area to land area - and a 36-storey maximum height under Master Plan 2003.

    The site can be redeveloped into a new condo of about 100 units averaging 1,200 sq ft.

Similar Threads

  1. BELOW $1 MILLION: Freehold apartment in Joo Chiat selling at $600,000
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 11
    -: 21-02-16, 13:46
  2. The Million-Dollar Manhattan Apartment
    By minority in forum Coffeeshop Talk
    Replies: 7
    -: 19-04-14, 21:28
  3. Replies: 83
    -: 12-05-13, 15:22
  4. 2-bedroom Manhattan apartment for $50 million
    By PN in forum HDB, EC, commercial and industrial property discussion
    Replies: 3
    -: 16-10-12, 23:22
  5. Fancy a million-dollar HDB apartment?
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 10-09-12, 20:08

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •