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Allgreen snaps up two freehold sites in Bukit Timah

ALLGREEN Properties has secured two freehold sites in the coveted Bukit Timah area in two separate collective sale tenders, acquiring Royalville for S$477.94 million and Crystal Tower for S$180.65 million.

Most of the bids for Royalville, nestled in Bukit Timah near Sixth Avenue MRT station, were well above the asking price of S$368 million.

Its large sprawling grounds allows the developer to design an upscale condominium with up to 323 residential units and comprehensive suite of facilities.

Subject to the authorities’ approval, Crystal Tower’s 5,619.0 sq m (60,482 sq ft) site can be redeveloped into a condominium project with some 130 units.

– Dec 01, 2017

Read Full Article at http://www.businesstimes.com.sg/real-estate/allgreen-snaps-up-two-freehold-sites-in-bukit-timah-in-collective-sales

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