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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
Saturday, March 25, 2017 - 05:50

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Given the total 286 units at Rio Casa, residents are hoping to get about S$1.6 million per unit from the sale.

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

sentifi.com

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