Flynn Park sold en bloc for $371mil
Flynn Park at 18 – 22 Yew Siang Road has recently been marketed via en-bloc deal for $3hundred 71 million to a JV amongst Hoi Hup Realty and Sunway Dvlpmt.
The list price calculates to nearly $1,355 per PR or $1thousand 3hundred 18 ppr subsequently considering the seven percentage reward balconies.
Savills Singapore, that represented the sale, reported the transaction is the most extensive en-bloc sale site to have already sold off in 2021.
Accentuating seventy two condo units, Flynn Park covers a Two hundred and Eight thousand, Four hundred and Forty Three sq ft free lease location that is sectioned for “Non commercial” purpose within the ’19 Master Plan along with a PR of one point four.
Galven Tan, Assistant Managing Director of IS and Capital Markets at Savills Singapore, revealed the tender action for the property was eagerly contested.
” The outcome is testament to the secure characteristics of the location– the special chance to develop a premium building at the borderline of the metropolis center as well as only 350m away from the train Station, yet perfectly alongside abundant and blossomed nature parks,” Galven revealed.
Wong S.C., Chairperson and Managing Dir of Hoi Hup Realty, identified Flynn Park being a rare hill plot.
” It is tranquil, flourishing and green, likewise savors distance to the Mass Rapid Transit connection and even is mins to the city. It will definitely additionally reward significantly from its own adjacency to the latest GSW development,” Wong revealed.
” We expect establishing a superior building on this particular extraordinary location.”