SINGAPORE (Mar 12): Interest in condominiums in the Farrer Road-Holland Road enclave could have been prompted by the spate of collective sales in the first three months of this year.

In January, the 20-unit The Wilshire on Farrer Road was sold for $98.8 million ($1,536 psf per plot ratio) to Roxy-Pacific Holdings and a private investment vehicle of the Tong Eng Group’s Teo family at the close of its tender. Early this month, Far East Consortium International snapped up the 48-unit Hollandia on Holland Road for $183.4 million ($1,703 psf ppr). Both deals were brokered by Savills Singapore.

At Gallop Gables, a 3,401 sq ft, five-bedroom unit on the first level fetched $5 million ($1,470 psf) in February, according to a caveat lodged with URA Realis. The freehold, 140-unit project was developed by Straits Trading Co and completed in 1997.

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