Tee Land buys Casa Contendere for S$72m

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.