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FEC Properties snags Hollandia collective sale site for S$183.4m

The plan is to redevelop the site into a high-end residential development

At the agreed sale price, owners of Hollandia could expect to receive gross sale proceeds of between S$3.3 million and S$4.2 million.


The sale price for Hollandia translates to a land rate of S$1,703 per square foot per plot ratio (psf ppr), said its marketing agent Savills Singapore.

In a regulatory filing with the Hong Kong stock exchange, Far East Consortium said it plans to redevelop the site into a...