The site, where Stirling Residences will be developed on, is about 230,000 square foot of land. It has a gross plot ratio of mighty 4.2, working out to a maximum gross floor area of almost 1 million in square foot size and by having such an expansive area to work with for the developer, there will be more than a thousand units for potential home seekers to choose from, on the launch date.
The winning bid of $1.003 billion was entered successfully by a joint venture between Nanshan Group and Logan Property (a listed company on the main board of Hong Kong Stock Exchange). Based on calculation, it translates to $1,050 psf (ppr) from the gross floor area and expected selling price could be in the range of $1,700 to $1,800 psf going forward on the sneak preview day.
Stirling Residences Hothttp://b-review.com/media/reviews/photos/thumbnail/300x240s/ce/a5/27/171773-stirling-residences-67-1529201088.jpg
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