SINGAPORE – Huttons Asia announced on Friday (May 25) that it is launching Leonie Gardens for collective sale by tender with a reserve price of $800 million.
The reserve price translates to $2,104 per sq ft based on existing gross floor area, or $2,021 per sq ft per plot ratio (psf ppr) if a 10 per cent balcony space is included, subject to approval.
The tender will close at 3pm on Thursday, June 21.
Leonie Gardens, located at 23, 25 and 27 Leonie Hill in District 9, has 71 years remaining on its 99-year leasehold, which expires on Sept 14, 2089 …..
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