In the 3rd quarter of 2017 where collective sales were happening every other day, the HUDC estate Florence Regency was one of them that was successfully sold to Chinese developer Logan Property. The 336 unit estate will transform into a large luxurious condominium project housing 1410 units, The Florence Residence Condo.
The sale price of $629 million translates to a land cost of $842 psf per plot ratio after factoring in differential premium and lease top up to a fresh 99 years.
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