Raintree Gardens sold en bloc

Here are the vital statistics of the en bloc sale:

Project Name Raintree Gardens
Price sold $334,200,000,000
Total units 175
Site Area (sq ft) 201,405
Plot Ratio 2.8
psf ppr (including premium to top up lease) $797

With the estimate of $500 psf for the construction cost, the estimate break-even cost for this development is $1,300 per square feet. Each house hold of Raintree Gardens is expected to pocket about $1.9m from the en sale. Not bad! Looks like en bloc is making a comeback. This marks the third successful en bloc sale this year. Not bad in a so call lack luster property market.

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