Lum Chang acquires One Tree Hill Gardens in first collective sale this year

By Delicia Lim / The Edge Property | May 8, 2017 12:00 PM SGT
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Lum Chang Group acquired One Tree Hill Gardens for S$65 million on May 5, which translates to a land rate of S$1,664 psf. One Tree Hill Gardens is a freehold three-storey residential development with six maisonettes and seven apartments. It sits on a 39,063 sq ft site located at the junction of One Tree Hill and Jalan Arnap, within 300 m from the upcoming Orchard Boulevard MRT Station on the Thomson East-Coast Line. The site is zoned for “Residential, 2-storey semi-detached” under the 2014 master plan.
This is the first successful collective sale of 2017 and the first freehold landed-zoned collective sale since Milton Court in June 2013, according to Ian Loh, executive director and head of investment and capital markets at Knight Frank.
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