Shunfu Ville up for collective sale at minimum price of S$688 mil

Source: JLL Singapore

SINGAPORE (Sept 3): Shunfu Ville, a 358-unit residential project in Upper Thomson, is up for collective sale with a minimum price of S$688 million (RM2.05 billion), The Straits Times reported. The estate was built in the late 1980s by the former Housing and Urban Development Company and privatised in 2013. It comprises three 16-storey apartment blocks and three low-rise blocks of six-storey maisonettes. Given a plot size of about 408,927 sq ft and gross plot ratio of 2.8, the site could yield about 1,100 units with an average size of 1,000 sq ft, said marketing agent JLL.

This article first appeared in the digitaledge DAILY on Sept 3, 2015. Subscribe here.