City Towers in Bukit Timah Enbloc Become Perfect Ten

sky-cloud

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New condo name: Perfect Ten


The sale of City Towers in Bukit Timah has finally been completed at its fourth collective attempt.

Sale of the District 10 freehold site for $401.9 million to a unit linked to Hong Kong tycoon Li Ka-shing. Depending on the size of their unit, each residential owner stands to receive $2.78 million to $11.5 million from the successful sale. The sale price - which is more than 13 per cent above the owners' reserve price - works out to a land rate of about $1,847 per square foot per plot ratio, after factoring in a development charge of $3.5 million.

City Towers, which is near the Newton and Stevens MRT stations, is located in an enclave of private residential apartments and landed housing estates in District 10.
 
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