SUBSCRIBERS

Elias Green owners in fresh push for collective sale at S$928 million guide price

Assuming the plot ratio is increased from 1.4 to 2, this would translate to a land rate of S$1,132 psf ppr

Jessie Lim
Published Wed, Jul 17, 2024 · 07:43 PM
    • Located in District 18, the 419-unit condominium was completed in 1994.
    • Located in District 18, the 419-unit condominium was completed in 1994. PHOTO: ALAN LOH

    OWNERS at the 419-unit Elias Green condominium in Pasir Ris are making a fresh attempt at an en bloc sale, eyeing an asking price of S$928 million. 

    As at late June, 80 per cent of unit owners have given consent for the collective sale to proceed, Alan Loh, chairman of the collective sale committee, told The Business Times

    The guide price this time is some 19 per cent higher than the S$780 million price tag for Elias Green when it was put on the market in 2018. 

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Copyright SPH Media. All rights reserved.