A joint entity of Chinese developer Yanlord Land Group and MCL Land has bought freehold Tulip Garden for $906.9 million – the second biggest collective sale this year.

The price is 20.4 per cent higher than the reserve of $753 million submitted by owners of the 316,708 sq ft estate completed in 1985.

Tulip Garden, comprising 162 apartments and maisonettes and two shop units, is in District 10 and close to Holland Village and a Good Class Bungalow area.

The sale price works out to a land rate of $1,790 per sq ft per plot ratio (psf ppr). This is higher than recent collective sales in the area such as the $1,703 psf ppr for Hollandia, the $1,654 psf ppr for The Estoril and $1,536 psf ppr for The Wilshire.

The Tulip Garden site could yield up to 670 residential units with its plot ratio of 1.6, said Yanlord in a Singapore Exchange announcement after trading hours yesterday.

There is no development charge payable for redevelopment up to a gross plot ratio of 1.6, said Colliers.

Leedon Green is centrally located in eclectic Bukit Timah area with the plethora of well-known shophouses and eateries that offers a feast of authentic flavors. Holland Village, Coronation Shopping Centre, etc in your backyard.

Within 1km, you will find various good schools like St Margaret’s Secondary School, Hwa Chong Institution, Singapore Polytechnic and more.

This condo development enjoys superb transport connectivity. It is within minutes’ walk to Farrer Road MRT station and Holland Village MRT station and well connected to the PIE and AYE expressways, providing excellent connectivity to the rest of Singapore.

Leedon Green is the harmonious combination of elegance, sophistication and luxury. With an expansive layout and modern fittings and fixtures, every unit here will be the epitome for a cosy family of yours.

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