Previously put up for sale on 27 March, the tender closed in May without any bids. It was again launched for sale on 13 August.
The Tender for Braddell View estate closed without receiving any bid following its relaunch for collective sale at the same price of S$2.08 billion, reported The Business Times.
It was previously put up for sale on 27 March, with that tender closing in May without bids. It was again launched for sale on 13 August.
“The collective sale tender for Braddell View estate closed at 3pm on 25 September without bids. The Braddell View collective sale committee has instructed Colliers to enter into private treaty negotiation for the collective sale of the development,” said Tang Wei Leng, Colliers International managing director.
Braddell View estate is nestled on a 1.14 million sq ft hilltop site that overlooks MacRitchie Reservoir Park and is comprised of 918 residential units and two commercial units.
The plot is under a lease tenure of around 102 years, effective from 1 February 1978.
Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email email@example.com