Flynn Park at 18-22 Yew Siang Road has already been retailed by means of collective transaction for $3hundred 71 mil to a partnership amongst Hoi Hup Realty as well as Sunway Developments.
The list price works out to almost $1thousand 3hundred 55 per PR or $1thousand 3hundred 18 per PR when taking into account the seven percentage bonus patios.
Savills S’pore, which dealered the deal, shared the deal is the most extensive en-bloc transaction site to have actually offered in 2K21.
Offering seventy two house units, Flynn Park inhabits a Two hundred and Eight thousand, Four hundred and Forty Three sq foot free rental site in which is zoned for “Residential” usage underneath the ’19 Master Plan along with a PR of one point four.
Galven Tan, Asst MD of Investment Sales and Capital Markets at Savills Singapore, reported the bidding action for the development was keenly competed.
” The returns is testimony to the robust features of the location– the special chance to establish a premium offering at the borderline of the downtown core and even merely 3hundred 50 meter from the MRT Terminal, however perfectly next to flourishing and aged sanctuary,” he reported.
Wong S.C., Chairman and Managing Dir of Hoi Hup Realty, illustrated Flynn Park as an unique hillside plot.
” It is tranquil, lush and environment-friendly, yet appreciates proximity to the train network and even is mins to the city. It definitely will likewise profit significantly by its adjacency to the all-new Southern Waterfront expansion,” he announced.
” We anticipate putting together a premium building on this specific distinct site.”