Two freehold central sites up for en bloc

24-unit Summer Green being marketed for S$48m; while 31-unit Chancery Esquire is looking at above S$86.6m

Tue, Jul 17, 2018 –

SUMMER Green is the latest condo to hit the collective sale market with a reserve price of S$48 million.

The reserve price translates to a land rate of approximately S$1,178 per square foot per plot ratio (psf ppr), inclusive of a development charge of approximately S$320,000, for the freehold site with 24 apartments.

Owners at the 13-storey condo off Balestier Road could net themselves about S$2 million per unit. The development, which spans 14,646 sq ft, has an approved plot ratio of 2.8 …..

Subject to approval from authorities, the development’s maximum permissible Gross Floor Area (GFA) of approximately 41,010 sq ft could yield 54 apartment units with an average size of 753 sq ft.

For the full article, pls visit:

https://www.businesstimes.com.sg/real-estate/two-freehold-central-sites-up-for-en-bloc