Terra Hill is the former Flynn Park, which was sold enbloc for $371 million to a joint venture between Hoi Hup Realty and Sunway Developments in Oct 2021.
The sale price works out to approximately $1,355 per sq ft per plot ratio (psf ppr), which exceeds the $365 million reserve price, or $1,284 psf ppr, when the property was launched for sale by public tender on July 28. The development's first attempt at a collective sale in June 2018 ended without a buyer.
Including 7 per cent bonus balconies, the land price works out to approximately $1,318 psf ppr.
Located mere minutes walk from Pasir Panjang MRT, this project is expected to be in high demand.
For latest availability and price info, please call hotline 61008108