Determine if the sentence is true based on the text below:
$319.88 million works out to about $1,580 per square foot per plot ratio which will allow them to move their entire families into one condominium.

Singapore GUOCOLAND on Tuesday announced that it has exercised the option to buy freehold condominium, Casa Meyfort along Meyer Road through a collective sale for S$319.88 million. The price works out to about S$1,580 per square foot per plot ratio (psf ppr), including an estimated