The collective sale market shows no signing of slowing with four more sites put up for sale yesterday.

The most expensive is the 140-unit Grangeford Apartment, which sits on 130,982 sq ft of prime land on Grange Road.

Marketing agent CB Richard Ellis said the asking price is a whopping $660 million or about $2,016 per sq ft per plot ratio (psf ppr).

If the site is sold at that price, owners could reap up to $3.8 million for larger three-bedders - more than double the last sale price of $1.8 million in February.

The site is being marketed via an expression of interest exercise on May 25. So far, 72.5 per cent of owners have agreed - short of the 80 per cent required.

The 74-unit Rivershire on Leonie Hill Road is also up for sale through a May 29 expression of interest exercise. The 56,396 sq ft site is expected to fetch about $237 million - a land value of $1,500 psf ppr, said marketing agent Knight Frank.

Credo Real Estate is putting Nob Hill Condominium and two adjoining plots up for sale in a May 21 tender. The asking price for the Ewe Boon/Balmoral area sites is $95 million, or $1,100 psf ppr.

Colliers International has also put Fairways condominium in Telok Blangah up for sale in a May 16 tender. The successful buyer can combine the site with a 8,288 sq ft piece of state land, it said. The 146,532 sq ft site has an indicative land value of $238 million or $773 psf ppr.

Source: The Straits Times, 24 April 2007