The largest collective sale of the year is awaiting to be confirmed.
Meng Gardens near Killiney Road has been allegedly bought over by boutique developer TG Development for a whopping $137 million, which is inclusive of a developmental charge of around $681,000.
The plot is a 35,639 sqft freehold site with a 2.8 plot ratio. This translates to approximately $1,380 psf per plot ratio. The site currently comprises an eight-storey block with 26 apartments and a penthouse, and can be redeveloped into 95 apartments averaging 1,000 sqft each.