Orchard Bel Air up for collective sale at $587.5 mil
The cost of $587.5 million translates to a land price of approximately $2,600 psf per story ratio (psf ppr), which includes an updating costs of approximately $131 million for the lease top-up. No development fee is payable. Taking into account the 7% bonus offer gross floor area permitted balconies, this translates to approximately $2,526 psf […]