By CARINE LEE
Dragon Mansion, a 68-unit residential development located within walking distance to the Tanjong Pagar and Outram Park MRT stations, has been sold for S$130 million.
The price translates to $1,093 per square feet per plot ratio.
The 38,618 sq ft site was sold to Spottiswoode Development Pte Ltd, a 50:50 joint-venture company owned by Lian Beng Group and Centurion Properties Pte Ltd.
Each owner of Dragon Mansion will receive sale proceeds of about $1.91 million.
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