Owners at the Anderson 18 condominium stand to gain about $6.75 million for their units from the collective sale of their prime Ardmore area development.
The price represents a huge jackpot, given that the last unit sold at the condo reaped a low price of $3.4 million last May.
The en bloc buyer is a joint venture of City Developments (CDL) and Wing Tai, which will pay $477.7 million for the 10,414 sq m freehold estate.
Anderson 18’s total price works out to a land value of $1,650 per sq ft (psf) of potential gross floor area, above the $1,369 psf price achieved for the neighbouring Ardmore Point last October.
The sale of Anderson 18 makes it the second most expensive residential site in Singapore, after The Parisian in Angullia Park, which has a price tag of $1,735 psf of potential gross floor area.
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