En bloc again, at lower price tag

The property was first put on the market in July last year with an indicative price of about $300 million - but there were no takers. 
 
That price worked out to $1,471 per sq ft per plot ratio (psf ppr), including a charge to top up the site’s remaining tenure to 99 years. 
 
This time, the sellers are asking $270 million, which works out to $1,324 psf ppr, including a $28 million charge to top up the tenure. 
 
If the asking price is met, owners will get an en-bloc premium of about 70 per cent