Flynn Park sold en bloc for $371mil
Flynn Park at 18 to 22 Yew Siang Road has been transacted by using en-bloc transaction for $3hundred 71 million to a JV among Hoi Hup Realty and also Sunway Developments.
The sale price works out to roughly $1,355 per plot ratio or $One thousand Three hundred Eighteen per plot ratio when including the 7 percent extra patios.
Savills Singapore, which represented the deal, reported the transaction is the biggest cumulative deal spot to have already retailed current yr.
Presenting seventy two house units, Flynn Park covers a 2hundred 8thousand 4hundred 43 sq feet freehold location that is zoned for “Non commercial” use following the 2019 Master Plan along with a PR of 1.4.
Galven Tan, Deputy Managing Director of IS and Capital Markets at Savills SGP, announced the tender movement for the project was steadily contested.
” The final result is testimony to the strong attributes of the spot– the unique option to put together an excellent offering at the borderline of the metropolis centre and at most Three hundred Fifty m away from the train Station, nevertheless perfectly near flourishing and blossomed nature parks,” Galven announced.
Wong S.C., Chairperson and Managing Dir of Hoi Hup Realty, represented Flynn Park as an unusual hill piece.
” It is tranquil, eco-friendly and lush, likewise relishes proximity to the MRT connection plus is minutes to the city. It definitely will furthermore profit substantially from its own proximity to the new GSW enhancement,” S.C. stated.
” We eagerly anticipate developing a premium building on this particular one-of-a-kind spot.”