Goodluck Garden was sold collectively to the Qingjian group of Companies for S$610 million. Based on a potential gross floor area of 46,840.08 sqm, the sale price translates to a land price of about S$1,210 per square foot per plot ratio (psf ppr). Due to a high development baseline, a development charge will not be payable for the 10-per-cent bonus balcony and this will lower the land price to S$1,100 psf ppr.
The land will be used to build
Forett at Bukit Timah
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