Braddell View to launch S$2.08b en bloc bid

Singapore

SINGAPORE'S largest private residential site - Braddell View - will be launched for collective sale by public tender on March 27 at a reserve price of S$2.08 billion, with residential owners standing to receive between S$2 million and S$4 million each, marketing agent Colliers International said on Tuesday.

This comes after 80 per cent of the owners, by both share value and strata area, agreed to put the development on the market.

The reserve price works out to a land rate of S$1,199 per square foot per plot ratio, inclusive of the differential premium to intensify land use, and to top up the lease …