Daisy Apartments, a residential redevelopment site near Serangoon Gardens, was successfully sold via en bloc for $14.618 million to SingBuilders.
This translates to a land rate of about $738psf ppr, including an estimated development charge for the 10% bonus gross floor area for balconies.
With the successful sale, each owner stands to receive gross sales proceeds of up to $1.27 million.
The freehold site is located at Daisy Road and has a land area of more than 13,000sqft.
Click below to read our previous post on the collective sale of Daisy Apartments:
http://sgproptalk.blogspot.com/2011/07/enbloc-news-daisy-apartments.html
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