Property insiders claim that the 23,020 sq ft freehold condo Fortredale at Tanjong Rhu has been sold for approximately S$65 million, or about S$1,342 psf ppr. The alleged purchaser is a low-profile Chinese developer, which is also building a project in the Balestier area. The collective sale of Fortredale was brokered through a tender by CB Richard Ellis (CBRE), which closed on 29 March. Analysts expect...
The Fortredale
CB Richard Ellis (CBRE) has put The Fortredale, a prime freehold residential site located at 2 Tanjong Rhu Road, up for sale through a public tender. With an area of 23,020 sq ft, the site is zoned for residential use under the 2008 Master Plan. It has a 2.1 gross plot ratio and a permissible building height of up to 24 storeys. The site was previously an en bloc sale site sold by CBRE in 1996 and...