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Foreign buyer forking out S$430.1m for Citimac in en bloc sale

Price works out to S$1,047 psf ppr for the freehold property; buyer said to be linked to family from China
Tuesday, July 25, 2017 - 05:50

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The owners of the existing 110 strata units in Citimac will receive sales proceeds of between S$2.1 million and S$10 million per unit. The units are between 160 sq m and 500 sq m in size.

Singapore

CITIMAC, a freehold industrial complex near Tai Seng MRT Station, is being sold for S$430.1 million, or S$1,047 per square foot of potential gross floor area (GFA).

The unit land price is inclusive of an estimated S$82 million development charge.

The collective

sentifi.com

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