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06-07-2022, 04:58 PM
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Senior Member
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Join Date: Nov 2021
Posts: 57
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Terra Hill is Former Flynn Park Condo in Pasir Panjang
Site: Former Flynn Park
Developer: Hoi Hup and Sunway
Project Name: TERRA HILL
Former Flynn Park sold en bloc for S$371m to Hoi Hup-Sunway joint venture
Terra Hill is former Flynn Park in Pasir Panjang which has been sold for S$371 million to a joint venture between Hoi Hup Realty and Sunway Developments on 10 Sept 2021.*
The sale price works out to approximately S$1,355 per plot ratio (ppr), which exceeds the S$365 million reserve price or S$1,284 ppr when the property was launched for sale by public tender on July 28. (The development's first attempt at an en bloc sale in June 2018 ended without a buyer.)
Including 7 per cent bonus balconies, the land price works out to approximately S$1,318 ppr.
Terra Hill is located along Yew Siang Road off West Coast Highway, former Flynn Park comprises 72 apartments and sits on 208,443 square feet of freehold land. It is about 350m from Pasir Panjang MRT station and is near landmarks like Mapletree's business park and Sentosa, as well as amenities such as Pasir Panjang Food Centre and VivoCity.
https://developer-sale.com/terra-hill/
Based on the Urban Redevelopment Authority's 2019 Master Plan, the site is zoned "residential" with a plot ratio of 1.4. Project Details
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