Owners of 11 Balmoral Road asking for S$75m

Singapore

YET another residential development has been launched for a collective sale, this time at 11 Balmoral Road in prime district 10. All owners of the 17-unit freehold development in prime district 10 have given their approval for the sale.

The sole marketing agent JLL said that owners are asking for S$75 million, which translates to an estimated land rate of about S$1,761 per sq ft per plot ratio (psf ppr) inclusive of development charge.