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Re-visit and?Review on Bukit Sembawang Limited Emerged As The Developer of The Atelier condo
We are formerly known as Makeway View at Makeway Avenue, now named as The Atelier. ?Bukit Sembawang Estates Limited successfully acquired The Atelier through an en block sale for $168 million. The purchase price for the collective sale was also the asking price of the collective sale for the freehold property was tendered.
As noted by the company that brokered the sale, the sale price of The Atelier reflects a land rate of $1,626 psf ppr. This includes development charges amounting to $21.26 million. From the revenues from the sale of The Atelier, owners of the 28 apartments and 4 penthouses featured in the 10-storey building are expected to receive between $3.86 m and $10.74 m per unit.
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