The Albracca, completed in 1990 as a ten storey apartment and situated along Meyer Road, has been put up for en bloc sales and Jones Lang Lasalle was appointed as the sole marketing agent. An en bloc tender exercise had been launched and this is the first time this development has been put on collective sale. Total number of strata titled units is eleven and more than eighty percent of the owners had come in agreement for such en bloc sale. The site will make way for new condo launch of new condominium units with the plot ratio being maximized for more than the existing numbers of floors.
Housing Development Board flats resale prices are seeing signs of stabilization with the third quarter of 2016 prices remained unchanged in comparison with the previous three months period as this is release from the data of the Housing Development Board. How does this compare to new condo, new condominium or new launch condo data?