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Former HUDC estate Rio Casa to be up for en bloc sale

Reserve price said to be about S$450m; it will cost another S$200m to top up the lease and intensify the plot ratio

Singapore

AMID the recovering market sentiment, Rio Casa, a privatised HUDC estate at Hougang Avenue 7 (formerly called Hougang N3), has reached the requisite 80 per cent consent needed for a collective sale.

The sales committee is targeting to launch the estate for sale by tender in April. The tender will likely be open for a month.

When contacted, Ian Loh, head of investment and capital markets at Knight Frank, which is the marketing agent, said: "It is absolutely fantastic that we obtained 80 per...

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