The ST today reported that Pender Court, a 48-unit freehold condominium off West Coast Highway, has been sold en bloc for $95 million.
This land price works out to $1,007psf on the potential gross floor area. The price is shy of the owners’ asking price of $100 million to $108 million but is way above the $80 million negotiated in an ultimately abortive sale in the boom days of July 2007.
Bravo Building Construction called off the sale in early 2008. It had also pulled out of two other collective sale deals.
Owners of the 48 units will get close to $2 million each.
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