23-02-2020, 04:30 PM
Hong Leong & City Development successfully acquired Sim Drive under Government Land Sales with the highest bid of $383.5 million or $732psf per plot ratio.
Named Penrose, The 99-year leasehold site has an area of 174,648 sqf land and could be developed into 570 residential units.
The estimated breakeven price for Penrose is $1,235psf. Launch price may range from $1,500psf onwards.
Named Penrose, The 99-year leasehold site has an area of 174,648 sqf land and could be developed into 570 residential units.
The estimated breakeven price for Penrose is $1,235psf. Launch price may range from $1,500psf onwards.