Enbloc news #1: Daisy Apartments sold for $14.6 million

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.

Source: Channel New Asia

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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