A land parcel at Bartley Road / Lorong How Sun was jointly acquired by Intrepid Investments Ltd, Sunmaster Holdings Ltd and TID Residential Ltd, in a public tender that closed on 30 March.
The consortium offered the highest bid of S$413.27 million, which translates to around S$621 psf ppr and a breakeven cost of between S$1,000 psf and S$1,050 psf.
The land site, which was launched for sale on 10 February, has an area of 22,094.4 sq m and a maximum gross floor area (GFA) of 61,865 sq. It is proposed for residential development and can yield up to 620 housing units.
It is situated within an established residential estate in the northeast region of Singapore and well connected to major roads and expressways, such as the Pan Island Expressway (PIE) and Central Expressway (CTE). The site is located next to the Bartley Circle Line MRT Station and future residents will enjoy convenient public access to all parts of the island.