Source: Straits Times
Terra Hill in Pasir Panjang has been sold for $371 million to a joint venture between Hoi Hup Realty and Sunway Developments, property consulting group Savills Singapore announced on Friday (Sept 10).
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.
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