Braddell View owners trying again for en bloc sale at same $2.08b reserve price

braddell-view-trying-for-enbloc-again
braddell-view-trying-for-enbloc

Source: https://www.straitstimes.com/business/property/braddell-view-mega-site-relaunched-for-en-bloc-sale-at-same-reserve-price-of-208b

The Florence Residences

 

The property was originally put up for sale on March 27, but no bids was submitted after the tender closed in May. Given the size of the development, cooling measures implemented in July 2018 and the luke warm enbloc cycle currently, this comes as no surprise.

Braddell View, sitting on a 1.14 million sq ft hilltop site overlooking MacRitchie Reservoir Park, has two commercial units and 918 residential units. The plot has a lease tenure of about 102 years with effect from Feb 1, 1978.

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