S$815 million collective sale of 22 lots at Thiam Siew Avenue

Acted for the Owners in the collective sale of the 22 lots at Thiam Siew Avenue to Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd for S$815 million. The sale, which is the largest residential development site sold since July 2018, was achieved after a competitive tender process which closed on 18 November 2021. The site is zoned as “Residential” and has a plot ratio of 2.8 on the Masterplan 2019. After accounting for 7% balcony space, the land price works out to S$1,440 psf ppr. Partners Norman Ho and Gazalle Mok led the transaction.

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+65 6232 0951

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