JLL sells two residential sites for $62m
The sites have a combined area of 23,828 sq. ft.
Residential sites Fair Haven and Sophia Ville along the popular Sophia Road have been sold to a local developer for $62m, according to JLL.
The sites, which have a combined area of 23,828 sq. ft., are two adjoining collective sale sites jointly put up for tender in late August. These may be redeveloped into a prime residential apartment with over 50,000 sq. ft. total gross floor area.
Over 80% of the owners have consented to the sale subject to meeting several conditions.