Originally Posted by
land118
"Based on the $650 million reserve price, apartment owners - whose units range in size from 1,700 sq ft to 3,400 sq ft - stand to receive between $3.14 million and $5.45 million each. The freehold Tulip Garden has a land area of 316,708 sq ft". For owners of say 1700 sqft, they would pocket $3.14m, about $1847psf, around ,the area at that price FH, owners can still get new or quite new replacement units in Holland area for similar size condo units, but if enbloc deal done at 10% less than asking price, then owner only pocket about $1662psf, by the time they get $, maybe can get new replacement units in Holland area but not FH, probably LH, like D'leedon.