BY KALPANA RASHIWALA | PUBLISHED JULY 19, 2013 | Business Times

SINGAPORE

A choice freehold site on Chancery Hill Road has been sold for $41 million. The price works out to $1,391 per square foot (psf) based on the site’s land area of 29,468 sq ft.

On the site is Chancery Garden, a three-storey block of 10 apartments and townhouses built in the early 1980s.

All the owners consented to the collective sale, which was brokered by OrangeTee.

The buyer is a boutique developer with experience in building strata landed homes.

http://www.businesstimes.com.sg/specials/property/plum-chancery-hill-site-fetches-41m-20130719