SINGAPORE's largest private residential site - Braddell View - will be launched for collective sale by public tender on March 27 at a reserve price of S$2.08 billion, with residential owners standing to receive between S$2 million and S$4 million each, marketing agent Colliers International said on Tuesday.
The development in Braddell Hill is the largest of the 18 Housing and Urban Development Company estates in Singapore. It has 918 residential units and two commercial units. The residential units comprise 824 apartments, 78 maisonettes and 16 penthouses. Tang Wei Leng, managing director at Colliers International said:"Given that this is a sizeable 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 will do our best to gather as much information to help prospective tenderers assess the merits of the plot, as well as minimise potential risks and lower the level of uncertainty.
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