Flynn Park sold en bloc for $371mil
Flynn Park at 18 to 22 Yew Siang Rd has been offered over en-bloc transaction for $371 mil to a affiliation linking Hoi Hup Realty as well as Sunway Developments.
The price calculates to roughly $1.355K per PR or $1,318 per plot ratio once taking into account the seven % perk patios.
Savills S’pore, that agented the sale, announced the agreement is the most extensive cumulative deal site to have recently offered this year.
Featuring 72 condominium units, Flynn Park takes up a 208,443 sq ft free rental plot in which is zoned for “Housing” application underneath the 2K19 Master Plan with a PR of one point four.
Galven Tan, Deputy Managing Director of IS and Capital Markets at Savills S’pore, announced the tender movement for the building was intensely competed.
” The final result is evidence to the strong aspects of the spot– the one-of-a-kind venture to produce a superior offering at the fringe of the town center and simply 350 m from the train Terminal, on the other hand right close to luxurious plus developed nature parks,” Galven said.
Wong S.C., Chairman and Managing Dir of Hoi Hup Realty, illustrated Flynn Park being a rare hillside area.
” It is soothing, rich plus eco-friendly, likewise takes pleasure in proximity to the train system and also is mins to the town. It is going to additionally benefit considerably by its own proximity to the all-new GSW expansion,” Wong mentioned.
” We expect developing an excellent offering on this particular unique site.”