Flynn Park sold en bloc for $371mil
Flynn Park at 18 to 22 Yew Siang Road has already gotten sold off by means of en-bloc transaction for $371 mil to a partnership linking Hoi Hup Realty and Sunway Developments.
The list price formulates to about $1.355K per PR or $1,318 per plot ratio after considering the seven % extra verandas.
Savills Singapore, which serviced the transaction, stated the deal is the biggest en-bloc sale site to have recently marketed in ’21.
Offering seventy two home units, Flynn Park covers a 208,443 sq ft freehold location that is zoned for “Residential” use following the 2K19 Master Plan including a PR of one point four.
Galven Tan, Asst MD of Investment Sales and Capital Markets at Savills Singapore, stated the bidding exercise for the building was intensely competed.
” The final result is testimony to the robust aspects of the site– the one-of-a-kind venture to generate a premium product at the fringe of the city core as well as just 3hundred 50 metre from the MRT Terminal, however appropriately next to lavish and culminated nature parks,” Galven mentioned.
Wong S.C., Chairperson and MD of Hoi Hup Realty, portrayed Flynn Park as an unusual hillside area.
” It is peaceful, lush and green, besides enjoys distance to the MRT connection furthermore is minutes to the town. It is going to at the same time benefit substantially from its proximity to the upcoming Southern Waterfront development,” S.C. announced.
” We anticipate generating a superior product on this particular extraordinary plot.”