Flynn Park sold en bloc for $371mil
Flynn Park at 18 – 22 Yew Siang Rd has actually been sold using en-bloc sale for $371 mil to a JV between Hoi Hup Realty and Sunway Developments.
The price formulates to roughly $1thousand 3hundred 55 ppr or $1.318K per PR upon taking into account the seven percentage advantage patios.
Savills S’pore, which serviced the sale, claimed the agreement is the largest en-bloc transaction site to have recently sold off current year.
Offering seventy two apartment units, Flynn Park occupies a 2hundred 8thousand 4hundred 43 square feet free rental location in which is sector for “Housing” purpose underneath the 2K19 Master Plan with a plot ratio of one point four.
Galven Tan, Assistant Managing Director of IS and Capital Markets at Savills Singapore, shared the tender action for the building was actively competed.
” The outcome is evidence to the solid aspects of the location– the extraordinary opportunity to generate an excellent offering at the fringe of the downtown center and even at most 350m from the train Terminal, however appropriately alongside luxurious also developed sanctuary,” he shared.
Wong Swee Chun, Chairperson and Managing Dir of Hoi Hup Realty, portrayed Flynn Park as a scarce hillside area.
” It is soothing, rich and green, likewise relishes closeness to the train connection and is minutes to the city. It will in addition gain greatly by its adjacency to the latest Southern Waterfront project,” Wong announced.
” We eagerly anticipate establishing a superior offering on this distinct site.”