Shunfu Ville sold for below-reserve price of $638m to Qingjian, each owner to pocket $1.7m
SINGAPORE - Shunfu Ville was sold for S$638 million on Thursday (May 19), marking the third largest en bloc by quantum here.
Shunfu Ville, built in the late 1980s by the former Housing and Urban Development Company (HUDC) and privatised in 2013, sits on a 408,927 sq ft site with about 70 years left on its lease and a plot ratio of 2.8.
The site can yield about 1,100 units with an average size of 1,000 sq ft, while break-even cost could be about S$1,250 psf, with new units fetching S$1,400 to S$1,500 psf, marketing agency JLL said.
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