The collective sales for St. Patrick’s Garden (located near the Kembangan MRT station) and Crystal Tower (at Ewe Boon Road, near Newton MRT station), will be re-launched. Marketing agent Colliers International said that both properties do not have an indicative price. Both are zoned for residential use.
“We have decided to let the market tell us how much it is willing to pay. We will then go to the owners with the bids,” said Tang Wei Leng, executive director of investment services at Colliers International.
It previously had an indicative price of $155 million (in July), or $1,600psf ppr.
The tender for St Patrick’s Gardens closes on Nov 1 at 12pm, while that for Crystal Tower closes on Nov 14 at 12pm.
Source: The Business Times
Click on link below to read our previous post about the Crystal Tower en bloc: