SINGAPORE – Manhattan House will be started for collective sale by public tender on Sept 20, in a book price of $300 million. This reflects a property speed of approximately $1,681 psf per plot ratio and can be inclusive of differential premium payable. ERA Realty is the marketing representative.
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Over 80 percent of those owners are in favor of the en bloc sale. The 99-year leasehold Manhattan House includes 269 units, also occupies a land area of approximately 44,861 sq ft. Zoned”commercial” under the 2014 Master Plan, it’s an equal plot ratio of 4.7.
“We’ve received strong interest from overseas and local developers even before our tender launching, awarded Manhattan House’s choice place and promising advancement possible,” states Jeremy Rikas Chiu, team branch manager of ERA Realty Network.