POMEX Court, a three-storey, freehold, walk-up residential development in the Joo Chiat area, has been sold for S$37.6 million through a collective sale.

The price works out to S$1,014 per square foot per plot ratio. No development charge is payable, said Alvin Er, key executive officer of Century 21 House & Home Property, who brokered the sale.

The District 15 is being bought by K16 Development, the shareholders of which are Irawan Gawain and Yang Hui'en.