Hillview House site on the block again

THE former Hillview House site is back on the market. The asking price for the freehold property, which is zoned for residential use, is $55 million. This

works out to $875 per square foot of potential gross floor area inclusive of an $18.2 million estimated development charge payable to the state.

This unit land price is believed to be similar to the last round, when the property was offered for sale through a tender exercise that closed last July.