Spanish Village in third attempt at en bloc sale

Singapore

SPANISH Village, a freehold condominium located along Farrer Road, is up for collective sale for the third time with no change to its guide price of S$882 million.

This reflects a land rate of S$1,721 per sq ft per plot ratio (psf ppr) inclusive of a development charge of approximately S$10 million. But in light of the cooling measures introduced in July last year, the owners are said to be in the process of signing a supplementary agreement to lower the reserve price of their development to S$828 million.