Sutton Place up for collective sale with S$268m reserve price

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.