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Farrer Court Print E-mail

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1. Written by News on 11-12-2007 03:16
STB approves sale
The Strata Titles Board (STB) has given the go-ahead for the sale of Farrer Court to a CapitaLand-led consortium. 
At a price tag of $1.34 billion, it is the largest amount ever fetched for a collective sale. The approval was granted last Saturday. 
The privatised HUDC estate has 618 existing apartments of two sizes - 1,615 sq ft and 1,453 sq ft - and their owners will get $2.238 million and $2.122 million per unit, respectively. Based on the apartments’ existing strata areas, the proceeds to owners work out to $1,386 psf and $1,460 psf, respectively. 
Instant Millionaires ....for the 618 residents  

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