38 units at The Draycott up for sale

THE investment holding company of the family (Tan Chwee Boon Pte Ltd) that developed The Draycott has put up 38 units for sale by expression of interest.

The portfolio has been independently valued at $1,900 per square foot, which translates to an absolute price of $198 million.

The total strata area for the 38 units is about 104,429 square feet, and represents around 31 per cent by share value and strata area of the whole development. Of the 38 units, 30 are located in the tower block a…