Sun Rosier condo fetches $271m – en-bloc sale + 15% more

Owners of the 78 units of Sun Rosier are set to get between S$2.86 million and S$4.77 million each. This condominium off Bartley Road fetched a top bid of S$271 million in Singapore’s latest collective sale, about 15 per cent more than the asking price of S$235 million.

There were four bids for the freehold development in How Sun Drive when the tender closed on Thursday, with the top three offers very close to one another.

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The winning bid came from a 50:50 joint venture between SingHaiyi Properties – a unit of Singapore-listed real estate developer SingHaiyi Group – and Huajiang International.

The offer works out to S$1,325 per sq ft per plot ratio, compared with the S$1,149 psf ppr asking price for the 146,046 sq ft site.

At this price, each unit owner stands to receive an estimated S$2.86 million to S$4.77 million, averaging S$1,885 psf.

This condo is just about few minutes walk to Bartley MRT station. It is also among the few freehold development sites on offer.