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Shunfu Ville sold for S$638m to Qingjian

This is lower than the reserve price of at least S$688m during a relaunch in January after a failed attempt in Sept

Published Thu, May 19, 2016 · 09:50 PM

Singapore

SHUNFU Ville was sold to developer Qingjian Realty for S$638 million on Thursday, marking the largest collective sale since 2007.

This translates to a total land cost of S$747 per square foot per plot ratio on potential gross floor area, after factoring in differential premium payable to the state to top up the lease to a fresh 99-year lease and for intensification of the site, according to JLL, the sole marketing agent for the collective sale.

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