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Rio Casa up for en bloc sale

Reserve price of S$450.8 million translates to more than S$1.5 million for each household

Published Mon, Apr 10, 2017 · 09:50 PM

Singapore

RIO Casa, a former HUDC (Housing and Urban Development Company) estate, was on Monday put up for collective sale by its marketing agent, Knight Frank Singapore.

The owners of the river-fronting estate along Hougang Avenue 7 are expecting offers of more than S$450.8 million for the property.

This translates to a land rate of about S$586 per square foot per plot ratio, inclusive of a differential premium of about S$141.5 million for intensification of the site, as well as a lease top-up premium of about S$57.5 million for a fresh 99-year lease…

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