Guess which property hit a record price in June

It was bid for $908.16 per plot ratio.

According to Colliers, in June 2013, a record price was achieved for a 99-year leasehold landed residential site located on Coronation Road/Victoria Park Road.

It was snapped up by a subsidiary of CapitaLand Limited in a 12-party tender exercise. The winning bid of $908.16 per sq ft per plot ratio (or $366.00 million) is the highest unit land price achieved for a 99-year leasehold landed site since the award of the landed housing parcel located on Wak Hassan Drive from Sembawang Greenvale Phase 3 for $640 per sq ft per plot ratio to Fragrance Homes Pte Ltd in October 2010.

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