The 160-unit development obtained a cost of $530 million, and the owners expect proceeds from the sale that range from $2.5 million — $4.4 million each unit, according to the advertising representative JLL.
The purchase comes after over 80 percent of the owners consented to the purchase of their house, which was subject to additional problems. The terms include an arrangement for sale from the court and the Strata Titles Board.
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Having a sale price of $530 million, the property speed of Ki Residences equates to roughly about $932 psf ppr together with the addition of this development charge of about $26 million.
Acquisition of Ki Residences isn’t merely among the hottest deals, it signifies the biggest investments by both partners in 11 decades of venture. Ki Residences appreciates a lush setting that’s relaxed and appropriate for living. It features a excellent chance for trusted programmers to construct an outstanding residential item.
This suggests that the website can home a condominium development with a entire GFA of approximately 656,494 sq feet with an additional 10% balcony space.
The forthcoming development will enjoy unobstructed views looking towards the landed property and the gorgeous greenery. Ki Residences is located within Subset Way enclave set aside for personal residential improvements and 2 storey bungalows.
Having a strategic place, Ki Residences has been a couple of mins drive from Bukit Timah Nature Reserve and Holland Village and is near to a lot of respectable colleges like the National University of Singapore.