Flynn Park sold en bloc for $371mil

Flynn Park at 18 – 22 Yew Siang Rd has recently been sold using collective transaction for $3hundred 71 million to a affiliation involving Hoi Hup Realty and Sunway Developments.

The price calculates to almost $1.355K per PR or $1.318K per PR since taking into account the seven percent bonus offer patios.

The Commodore condominium

Savills Singapore, which brokered the sale, reported the agreement is the most significant cumulative sale plot to have sold in 2021.

Accentuating 72 home units, Flynn Park takes up a Two hundred and Eight thousand, Four hundred and Forty Three sq feet freehold location in which is zoned for “Housing” use underneath the 2K19 Master Plan including a PR of 1.4.

Galven Tan, Asst Managing Director of Financial Investment Sales and Capital Markets at Savills Singapore, revealed the bidding exercise for the property was eagerly competed.

” The outcome is testament to the secure attributes of the location– the one-of-a-kind opportunity to develop an excellent offering at the perimeter of the metropolis center as well as at most 350m from the train Station, however perfectly beside rich plus blossomed sanctuary,” Galven mentioned.

Wong Swee Chun, Chairperson and MD of Hoi Hup Realty, identified Flynn Park as an unique hill area.

” It is soothing, green and luxurious, besides relishes distance to the train system furthermore is minutes to the town. It is going to also reward substantially by its adjacency to the upcoming GSW enhancement,” Wong mentioned.

” We eagerly anticipate putting together an excellent product on this particular extraordinary plot.”

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