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The Shunfu Ville estate in Bishan has been sold for $638 million, with many of its owners reaping a tidy profit.
The price works out to an average price of $1.782 million for owners of the 358-unit privatised Housing and Urban Development Company (HUDC) estate.
That is almost 50 per cent above the typical value of a unit on its own, said Ms Yong Choon Fah, national director of capital markets at JLL, which brokered the sale.
Knight Frank Singapore has reported the sale of Long House Food Centre at Upper Thomson Road to TEE Ventures, a subsidiary of TEE Land, for S$45.2 million.
The popular food court has a land area of 1,575.6 sq m (approx. 16,960 sq ft). Under the 2008 Master Plan, the freehold site is designated as “Commercial and Residential” with a gross plot ratio of 3.0. The site is suitable for redevelopment into a four-storey mixed-use development with shops on the lower levels and residential apartments on the upper levels.
