25-year-old Cascadale condo in Changi up for en bloc sale with $270m reserve price.
SINGAPORE - The owners of Cascadale have put their 25-year-old, freehold condominium development up for collective sale with a reserve price of $270 million, marketing agent JLL announced on Tuesday (May 28).
This translates to a land rate of about $1,071 psf ppr, after including an estimated development charge of about $17 million and before factoring any bonus gross floor areas, said JLL.
The condo owners meanwhile stand to receive between $1.4 million to $4.0 million each, said JLL.
Adapted from The Straits Times 28 May 2019