The Landmark @ Chin Swee Road Singapore
There is an upcoming new launch condo development The Landmark (Former Landmark Tower) coming your way at Chin Swee Road, District 3 of Singapore.
The 139-unit Landmark Tower at Chin Swee Road has been sold to a joint-venture (JV) company for $286 million, according to a release by marketing agent JLL. One of the JV partners is said to be a public listed company. The price of $1,406 psf ppr compares favourably to the $1,515 psf ppr achieved at Pearl Bank Apartments, which was sold to CapitaLand in February. Landmark Tower is also a 99-year leasehold development located next to Pearl’s Hill City Park, near Pearl Bank Apartments.
Given its vantage point, Landmark Tower offers residents 360-degree city views. Based on the sale price, the owners of Landmark Tower will receive gross proceeds between $1.6 million and $4.9 million from the collective sale, adds JLL’s Tan. The 33-year old development was put up for collective sale on April 10 with a reserve price of $285 million, although owners had expected in excess of $300 million ($1,474 psf ppr) for it.
- THE LANDMARK is strategically located in the Chinatown area where accessibility to city and CBD is a breeze.
- Driving to CBD, City and Orchad Shopping District from The Landmark is only a mere 5 minutes drive.
- Residents can expect to reach Vivo City and MBS all in less than 10 minutes drive.
- THE LANDMARK is also near to many good eateries such as Tiong Bahru Market and Chinatown Market.
SHOWFLAT 