Sellers of Singapore’s largest residential site above a lush park are wooing mainland China, Hong Kong developers
- Braddell View’s asking price is US$1.5 billion
- Eventual buyer – or buyers – expected to redevelop it into a luxury living complex
A choice piece of property in Singapore – the city-state’s largest residential site on a hilltop overlooking a lush park – is back on the market. Hong Kong or mainland developers could be its next owners, analysts say.
The spot is called Braddell View, and it sits on 1.14 million square feet above MacRitchie Reservoir Park. Its starting price is S$2.08 billion (US$1.5 billion), but the hope is for competing bids to drive that up.
The central city site was unsuccessfully put up for sale in March at the same price, which translates into about S$1,159 per square foot per plot.
“In marketing Braddell View in this tender relaunch, we will continue to engage a multitude of developers from different markets, including those in Singapore, China and Hong Kong,” said Tang Wei Leng, managing director of Colliers International, Singapore, which is handling the tender.
“Braddell View is an exciting proposition for developers, offering a sizable canvas on which to create a signature residential development that will redefine urban living and meet the evolving needs of homebuyers,” she said.
