Flynn Park sold en bloc for $371mil
Flynn Park at 18-22 Yew Siang Road has actually gotten transacted over collective deal for $Three hundred Seventy One mil to a alliance in between Hoi Hup Realty as well as Sunway Dvlpmt.
The list price formulates to roughly $1thousand 3hundred 55 per PR or $One thousand Three hundred Eighteen per plot ratio after taking into account the seven percent perk balconies.
Savills Singapore, that dealered the transaction, said the offer is the leading collective transaction spot to have already sold this year.
Featuring 72 residence units, Flynn Park covers a 2hundred 8thousand 4hundred 43 square ft free lease location in which is zoned for “Residential” purpose following the 2K19 Master Plan along with a PR of one point four.
Galven Tan, Assistant MD of Financial Investment Sales and Capital Markets at Savills S’pore, shared the tender movement for the property was keenly contested.
” The returns is proof to the solid characteristics of the site– the special option to generate an excellent offering at the fringe of the city center and merely Three hundred Fifty metre away from the MRT Station, however ideally beside lavish and aged nature parks,” he announced.
Wong S.C., Chairman and Managing Dir of Hoi Hup Realty, summarized Flynn Park as an uncommon hillside area.
” It is soothing, rich plus environment-friendly, likewise appreciates proximity to the train connection furthermore is mins to the town. It will definitely additionally profit greatly from its proximity to the new Southern Waterfront project,” he stated.
” We anticipate putting together a superior product on this extraordinary site.”