Bukit Timah condo Hillcrest Arcadia put up for en bloc sale at S$920 million
The development is being marketed at about S$1,519 per square foot per plot ratio, says marketing agent Huttons
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[SINGAPORE] Bukit Timah condominium Hillcrest Arcadia is going on the market at a guide price of S$920 million, in a collective sale that will release a sprawling 4-hectare District 11 site for redevelopment.
The 99-year leasehold property sits on 442,162 square feet (sq ft) of land currently housing 272 residential units and one retail unit.
At S$920 million, Hillcrest Arcadia is being marketed at about S$1,519 per square foot per plot ratio (psf ppr), taking into account 10 per cent bonus gross floor area in the rebuild and a premium of about S$262 million to upgrade the title to a fresh 99-year lease, according to marketing agent Huttons.
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