https://www.tracygoh.sg/en-bloc-feve...ews-singapore/
n Amara Holdings joint venture (JV) has agreed to acquire freehold residential development Surrey Point for S$47.8 million, the mainboard-listed property developer and hotelier said in a bourse filing on Thursday evening.
Located at 2 Surrey Road in Newton, the 10-storey building with nine residential units was launched for collective sale via public tender in January 2021 with a guide price of S$55 million.
Sole marketing agent SRI Capital Market said then that the guide price worked out to a land rate of about S$1,661 per square foot per plot ratio (psf ppr), based on the total site area of 11,977 square feet (sq ft) and gross plot ratio of 2.8, inclusive of development charge.
https://www.businesstimes.com.sg/rea...lOw9wbVqwta1ik