FAR East Organization and Orchard Parade Holdings will buy Pastoral View (through an enbloc sale) and the next door plot being sold by OCBC for $122 million. This works out to about $847 per square foot per plot ratio (psf ppr) inclusive of a marginal development charge (DC). Both freehold sites have a combined land area of 51,395 sq ft and can be redeveloped into a new condo with about 140 units...
Pastoral View
A condominium near Novena MRT is teaming up with an adjoining site for an en bloc sale. The 50-unit development Pastoral View is being offered for joint sale with an adjoining land parcel at Bassein Road. Property consultant Credo Real Estate says the sellers are looking at a price of between S$130 million and S$150 million. Credo adds that by combining the two sites, developers will find the enlarged...