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25-year-old Cascadale condo in Changi up for en bloc sale with $270m reserve price

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.

Source: https://www.straitstimes.com/business/property/25-year-old-cascadale-condo-in-changi-up-for-en-bloc-sale-with-270m-reserve-price

Adapted from The Straits Times 28 May 2019