Tee Land buys Casa Contendere for S$72m
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Kalpana Rashiwala
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TEE Land is understood to be buying Casa Contendere along Gilstead Road through a collective sale for S$72 million.
The price works out to S$1,638 per square foot per plot ratio inclusive of an estimated development charge of S$15.1 million payable to the state.
Located in District 11, Casa Contendere is on a freehold site with a land area of 37,972 sq ft; the site is zoned for residential use and has a plot ratio of 1.4 under the Urban Redevelopment Authority's Master Plan 2014.
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