Kismis Lodge sold collectively for $84.2m, selling price of S$1,198 psf
The freehold Kismis Lodge (pictured) along Lorong Kismis has been sold in a collective sale for S$84.18 million to Newfort Alliance (Cairnhill). Brokered by Jones Lang LaSalle (JLL), this is the third en bloc deal this year.
Over 80 percent of owners consented to the selling price of S$1,198 psf, and each is expected to receive gross sales proceeds of around S$1.315 million.
The 70,283 sq ft residential site comprises 64 walk-up apartments in two four-storey blocks. It is zoned for a three-storey mixed landed development under the 2008 Master Plan, with no development charge payable.
The freehold Kismis Lodge (pictured) along Lorong Kismis has been sold in a collective sale for S$84.18 million to Newfort Alliance (Cairnhill). Brokered by Jones Lang LaSalle (JLL), this is the third en bloc deal this year.
Over 80 percent of owners consented to the selling price of S$1,198 psf, and each is expected to receive gross sales proceeds of around S$1.315 million.
The 70,283 sq ft residential site comprises 64 walk-up apartments in two four-storey blocks. It is zoned for a three-storey mixed landed development under the 2008 Master Plan, with no development charge payable.
