Grange Heights relaunches en-bloc bid with price unchanged

Grange Heights relaunches en-bloc bid with price unchanged
23/01/2019 , by , in INTERNATIONAL

Heights is the latest condominium to relaunch an en-bloc sale bid, as property owners make another stab at hawking their homes in a decidedly chillier market.

Homeowners will re-open a collective sale tender for the St Thomas Walk freehold property on Wednesday, according to an announcement from marketing agent Colliers International the day before.

The reserve price remains S$820 million, the same as in the second tender exercise that closed without a deal on Oct 29, 2018. On a unit basis, this price tag translates to S$1,948 per square foot (sqft) per plot ratio, including bonus balcony gross floor area.

No development charge is payable for the 136,676 sqft site, which has a gross plot ratio of 2.8.

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