Under public tender, a residential land has been put up for sale at $13.5 million indicatively. Currently, a vacant single storey detached house is sitting on the site which was built in 1930s. The selling price of the 15,871 square feet land will work out to be $850psf and marketing solely by CBRE.
Plot ratio of the land is 1.4 under URA Master Plan, and can be potentially built into 5 storey low rise apartment comprising of about 20 units, in addition to basement car park and facilities.
The location is attractive that it’s near to Kovan MRT, also close to Rosyth School, Maris Stella High School, French International School and many more. The site is expected to attract boutique developers and also be suitable for investors or home owners who are looking for a relatively large piece of land for houses.
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