12/Apr/2018 – Tulip Garden sold for S$907m on fourth en bloc attempt

SINGAPORE: Tulip Garden condominium in Farrer Road has been sold for nearly S$907 million following a fourth attempt at a collective sale, with the selling price at a 20.4-per-cent premium to the original price tag.
The sale price translates to a land cost of about S$1,790 per square foot per plot ratio, said Colliers International. The owners of the development had originally set a reserve price of S$753 million.
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