FEC Properties snags Hollandia collective sale site for S$183.4m

Singapore

The sale price for Hollandia translates to a land rate of S$1,703 per square foot per plot ratio (psf ppr), said its marketing agent Savills Singapore.

In a regulatory filing with the Hong Kong stock exchange, Far East Consortium said it plans to redevelop the site into a high-end residential development with a total gross floor area (GFA) of about 10,000 sq m.

It said: "The acquisition is consistent with the company's regionalisation strategy and i…