Developers of Affinity @ Serangoon

affinity at serangoon developers

Former HUDC estate Serangoon Ville sold en bloc for $499 million

Affinity @ Seranggon is the former privatised HUDC estate Serangoon Ville in Serangoon North Avenue 1. Former Serangoon Ville has been sold to an Oxley Holdings-led consortium for $499 million, as collective sale fever grows even hotter. This consortium comprise of KSH, Oxley, Lian Beng and Apricot Capital.

The consortium also has to pay $195 million in estimated charges to top up the lease to 99 years and intensify the land use. The additional charges and purchase price work out to a land rate of $835 per sq ft per plot ratio.

Sitting on a plot size of 296,913 sq ft with 244 units. , it was privatised in 2014.  It is near the Australian International School and the popular Rosyth School.

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