News
Amberville - First HUDC to be En-Bloc'ed
Posted on Thursday, January 19, 2006 - 12:00 AM
The 168-unit Amberville is the first HUDC to have successfully clinched a deal at $183 million with a member of the Far East Organization. The completion of the sale and purchase is still subject to the top-up of the lease to 99 years and subject to the approval of the Strata Titles Board. This works out to a higher-than-expected $396 per square foot per plot ratio inclusive of an estimated development charge of $35.2 million and $23.8 million to top up the site's lease from the remaining 71 years to the original 99 years.
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May 17, 2008 - 05:17 PM
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