Braddell View to go en bloc at $2.08b

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Braddell View to go en bloc at $2.08b.

1 / 1The price works out to a land rate of $1,199 psf per plot ratio, inclusive of the differential and lease top-up premium of about $795.1 million.

The price works out to a land rate of $1,199 psf per plot ratio , inclusive of the differential and lease top-up premium of about $795.1 million.The former HUDC estate sits on a sprawling 1.142 million sq ft site and features 918 units of apartments, penthouses and maisonettes as well as two shops. “Given that this is a sizable development, it is likely to see interest coming from a consortium of developers. We expect interested parties to conduct extensive due diligence on the site and we will do our best to gather as much information as we can to help prospective tenderers assess the merits of the plot, as well as minimise potential risks and lower the level of uncertainty,” said Colliers International managing director Tang Wei Leng.

Within walking distance to MacRitchie Reservoir Park, Braddell View is near various amenities such as the healthcare hub in Novena, Mount Alvernia Hospital as well as schools including Raffles Institution, Raffles Junior College and Catholic High School.

 

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