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