Sutton Place up for collective sale with S$268m reserve price
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Singapore
THE owners of Sutton Place, a freehold development off Farrer Road, have put the property up for collective sale by tender, with a reserve price of S$268 million.
At that price, the land rate for the site works out to S$1,917 per square foot per plot ratio, after factoring a development charge of about S$17.88 million, which is subject to confirmation from the relevant authorities, said Knight Frank Singapore, its sole marketing agent.
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