The Albracca Condo is redeveloped by Sustained Land, reached up to 11.5 percent above estimations. The tender response signals that the collective sale market is powering ahead amid more developer hunger for sites and positive buyer opinion. The developer won the top bid of $69.12 million in an en bloc deal - the fifth done this year.
Sustained Land Pte Ltd Singapore was incorporated in the year 2006 and the group is based in Singapore. The office address of the company is at 150 South Bridge Road #03-01 Fook Hai Building Singapore.
Sustained Land Pte Ltd is wholly owned by a visionary Mr Ong Pang Chye Douglas. The company also holds a stake in Sysma Holdings Limited which is listed in the Stock Exchange of Singapore.
Sustained Land Pte Ltd Singapore operates as a property developer. The group is actively involved in the development of residential properties in Singapore.
Sustained Land Pte Ltd continues to grow and strive to be a property developer that delivers distinctive property masterpieces with sustainable and luxurious residential living. Sustained Land has been widening its diverse collection of prestigious developments.
All developments by Sustained Land are widely associated with quality and of good value that lasts a long time. All Sustained Land property developments are blended with form, functionality, innovation, design and quality finishings.
The Albracca Residences's tender response was strong, more than a dozen bids meet with developers of all sizes, from large to unique developer, a fund manager and contractors. The development will be redeveloped into a high-rise condominium, comprising of 65 units with an average size of 750 sqft or about 70 sqm.
The Albracca Condo has an allowable gross plot ratio of 2.1 under the 2014 Master Plan. The condo also has a total value of collective sale transactions has hit around $1.58 billion this year - trumping the three deals, worth $1 billion in all, done last year. Just a stone's throw away from the upcoming Katong Park MRT station. Discover this prime location now!
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