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.
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.