Here are the vital statistics of the en bloc sale:
|Project Name||Raintree Gardens|
|Site Area (sq ft)||201,405|
|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.