Pender Court sold for $95m, 2 other sites for sale

[proud owner]

What's cfm please?

No one dares to name the successful buyer here. Something's not right or fishy.

errrr

cfm = confirm

not Come Fk Me ...if thats what you are thinking

[louisebrown]

It still begs that no one has the guts to confirm anything. So it was juz

[gn108]

Perhaps it's unusual but I reckon it's not a big deal.
Various reasons to explain the new bidder not declaring it's new ownership.

More importantly Credo has announced it publicly. That's means it has agreement from CS and bidder. Also means more than 80% of the development agreed to lower revised price from the initial RP.

I think perhaps it's pending one of the conditions the bidder has laid out but Credo thinks it's not going to be a deal-breaker.

At 95m and over $1000 ppr, I think it fetch a good price. Will set a new bench-mark for low-rise in that area of Telok Blangah.

[tkc2263]

It still begs that no one has the guts to confirm anything. So it was juz

Can you take the truth!!!!

Its Hoi Hup....Happy now...

[louisebrown]

Who's pinching the 'truth' out from U? It could well be, as I have been reckoning for a while now, be just another

[tkc2263]

Who's pinching the 'truth' out from U? It could well be, as I have been reckoning for a while now, be just another

See what I mean....move on lad...

[sleek]

Pender Court sold to Hoi Hup Realty for S$95m
By Jonathan Peeris | Posted: 14 June 2010 1548 hrs



SINGAPORE : Pender Court, a 48-unit development at the foot of Mount Faber, has become the eighth successful en bloc sale in Singapore this year.

The property was sold to Hoi Hup Realty for S$95 million. That translates to about $1,007 per square foot per plot ratio.

Credo Real Estate launched a tender for the site that closed in May.

The collective sale is subject to approval from the Strata Titles Board.

With the sale, the owners stand to receive an average price of S$1.98 million.

The site has a land area of about 65,000 square feet and is designated for residential use with a plot ratio of 1.4 and an allowable height of up to 5 storeys.

Credo said the new development could be configured into approximately 103 apartment units with an average size of 1,000 square feet, depending on layout and configuration.

The district 4 site is only five minutes drive from Vivo City, Resorts World, Universal Studios and other attractions at Sentosa. - CNA /ls

[louisebrown]

ThankQ for this truth, sleek.