Page 3 of 7 FirstFirst 1234567 LastLast
Results 21 to 30 of 65

Thread: General 'en-bloc' News; Bids & Tenders

  1. #21
    Any complaints please PM me mr funny's Avatar
    Join Date
    May 2006
    Posts
    8,129

    Default

    Published January 17, 2006

    Pasir Panjang Hill site up for en bloc sale

    A 32-UNIT four-storey apartment building at Pasir Panjang Hill is up for collective sale with an asking price of $28 million for the freehold 63,707 sq ft site.

    Based on a plot ratio of 1.4 and an additional development charge of about $5.8 million, the site should cost $370 per square foot per plot ratio, and the breakeven cost will be around $660 psf per plot ratio, according to Jones Lang LaSalle's regional director and head of investments, Lui Seng Fatt. The firm is also the sole marketing agent for the property.

    Last month, MCL Land bought Balmeg Court, also in Pasir Panjang, for $79.2 million. This works out to $340 psf per plot ratio for the 182,555 sq ft site. In the same month, Hoi Hup launched the Foliage, an 88-unit freehold condominium off Pasir Panjang Road, at an average $608 psf.

    A new residential development of up to 89,190 sq ft of gross floor area with a maximum building height of five storeys can be built on the Pasir Panjang Hill site, although Mr Lui points out that approval from the relevant authorities and a development charge will apply.

    On the renewed interest in en bloc residential sites - there were over 30 in 2005 - Mr Lui believes there is still opportunity to 'unlock the value of old and outdated property'.

    He added: 'The market value of the apartments at its current stage of obsolescence can only fetch a low market value reflected in the state of the property. Through the collective sales process, investors will be prepared to pay a higher value for the new apartments. In short, the difference between the two will be exactly the premium which the existing owners will be enjoying through the collective sale.'


  2. #22
    Any complaints please PM me mr funny's Avatar
    Join Date
    May 2006
    Posts
    8,129

    Default

    Published January 12, 2006

    Braddell Park, Telok Kurau sites go en bloc
    11 Kampong Glam shophouses also among properties put on market


    By KALPANA RASHIWALA

    RIDING on the current improvement in property sentiment, several investment-sales properties came on the market yesterday.

    They include two collective sales at Braddell Park and Lorong K Telok Kurau. Both are offered for sale in separate tender exercises.

    As well, a six-storey serviced apartment in the Tiong Bahru/Outram area is going on the block. And in the Kampong Glam area, the Urban Redevelopment Authority (URA) is auctioning 11 unrestored conservation shophouse lots on March 8. The shophouses will have to be restored and are being sold on a 99-year leasehold tenure.

    In May last year, URA auctioned 10 parcels of unrestored conservation shophouses. The sale prices ranged from $360,000 to $600,000 per parcel, or $295 per square foot to $440 psf of site area.

    CB Richard Ellis, which is marketing Braddell Park, says the property is expected to achieve $42 million. This works out to about $330 psf of potential gross floor area (GFA).

    No development charge will be payable to tap the full development potential of the 91,361 sq ft freehold site as the location has a high base density equivalent to a 2.072 plot ratio (ratio of potential GFA to land area).





    This is much higher than the 1.4 plot ratio stated for the site in Master Plan 2003, which also zones the site for residential use. The site may be developed up to five storeys high.

    Another collective sale site launched yesterday comprises two apartment buildings - K Garden and Wen Yuan Court - and a bungalow at 16 Lorong K Telok Kurau, being marketed by Jones Lang LaSalle. Developers may bid for the three properties, adding up to 46,473 sq ft in freehold land area, individually or combined.

    Sources say the price expectation for the combined three is around $25 million, which works out to about $386 psf per plot ratio, including a development charge. The site is zoned for residential use with 1.4 plot ratio and a maximum height of five storeys.

    Over in the Tiong Bahru area, Colliers International is marketing a six-storey serviced apartment at 3 Seng Poh Road which sources say has an indicative price of about $12.5 million. The freehold property is said to be put up for sale by mortgagee United Overseas Bank. The mortgagor was Kim Koon Garment Industries, BT understands.

    The property has a land area of 9,143 sq ft and a GFA of 27,451 sq ft. The building has an eating house on the first storey, a car park on the second and third storeys, and 61 serviced apartments occupying the upper levels.

    Colliers' executive director Grace Ng, who will be auctioning the property on Feb 8, says buyers may continue operating the building as a serviced apartment or apply to convert it into a boarding house/budget hotel.


  3. #23
    Any complaints please PM me mr funny's Avatar
    Join Date
    May 2006
    Posts
    8,129

    Default

    St Thomas Walk site up for en bloc sale

    19 Jan 06


    THE Somerset area looks set to become hot property. Prices for en bloc redevelopment sites there will be closely watched, especially now that the latest land sales exercise by the Urban Redevelopment Authority (URA) at Orchard Road/Killiney Road has received a record bid of $1,085 per square foot per plot ratio.


    Chez Bright Apartments at 18 St Thomas Walk is the latest property to go on sale in that area. It is marketed by Jones Lang LaSalle, whose regional director and head of investments Lui Seng Fatt believes that any new residential development on the freehold site would be able to sell at $1,500 psf.

    The Somerset site is for a mixed development that may include a residential component.

    Said Mr Lui: 'Based on the highest price tendered for the Somerset site, residential units there would have to sell for between $1,700 and $1,800 psf. And these are 99-year leasehold units.'

    After factoring in the freehold status of Chez Bright Apartments, and the 'near prime' location, Mr Lui said a 15 per cent discount, or $1,500 psf, for the new development on the St Thomas Walk site would not be unreasonable.

    The asking price for the 34,402 sq ft Chez Bright site has been set at $61.3 million (including a development charge of $6.3 million) or $640 psf per plot ratio.

    The break-even price is around $960-$980 psf.

    Five months ago, a larger site also on St Thomas Walk went to Centrepoint Properties for $210 million, or $601 psf per plot ratio.

    The present 12-storey apartment block can be developed up to 36 storeys. With a plot ratio of 2.8, the maximum gross floor area is 96,325 sq ft.

    There are several new developments in the area already on sale, including Wheelock Properties' The Cosmopolitan and Guocoland's Leonie Studios. Still, Mr Lui feels there will be ample demand from foreigners.

    'Foreign investors, especially those from Hong Kong, are looking for this kind of investment grade properties,' he said.

    By ARTHUR SIM


  4. #24
    Any complaints please PM me mr funny's Avatar
    Join Date
    May 2006
    Posts
    8,129

    Default

    Seven sites already launched, as market rides on positive economic outlook
    By Joyce Teo
    Property Correspondent

    IT IS no surprise that optimism is flowing in the property market: The year has barely begun, but already seven collective sale sites have been launched.

    And that is coming off a record year in 2005 when 37 collective sales of residential sites worth $2.09 billion were completed - more than double the deals and value achieved in 2004.

    Ms Soon Su Lin, executive director of property consultancy CB Richard Ellis, said such sales will continue at the same pace as last year thanks to a good economic outlook.

    Supply and demand tells the story: Sites sold en bloc last year generated a potential supply of 3,860 new homes, while overall, 8,955 new homes were sold last year.

    'So potential supply from the sites being sold en bloc is expected to meet good demand when they are ready for launch,' said Ms Soon.

    Home owners in collective sales typically get at least 30 to 50 per cent more than what they would have reaped from an individual sale. But the risk, said consultants, is that owners may have unrealistically high price expectations.

    Typically, potential collective sale developments are more than 10 years old with rising maintenance costs.

    Selling these sites require the consent of at least 80 per cent of the owners; those less than 10 years old need 90 per cent acceptance.

    Because people looking to rent tend to migrate to new projects, owners of older projects find it harder to find tenants. And with maintenance costs rising, they may be keener on a collective sale, said DTZ Debenham Tie Leung director Tang Wei Leng.

    But that does not mean everyone can cash in.

    Prime sites in districts 9, 10 and 11 clearly have the best chances. The Cairnhill area appears to have the most potential sites, though projects in posh Ardmore, Draycott, Nassim, Leonie Hill and St Thomas Walk are also very popular, said Credo Real Estate executive director Tan Hong Boon.

    'Sites in Cairnhill are very sought-after and the success rate will be good if they are not over-priced,' he said.

    In general, most owners ask for about $800-$850 per square foot per plot ratio, though some want as much as $1,000 psf ppr, he said.

    Still, the highest residential collective sale land price last year was only at $876 psf ppr - made by Wheelock Properties in September for The Habitat II in Ardmore Park.

    Areas in Tanjong Katong Road, Meyer Road, Amber Road, East Cost Road and the Telok Kurau area also have good chances, said the head of investments at Jones Lang LaSalle, Mr Lui Seng Fatt.

    The best candidates are developments of six storeys or less, with a small number of units or a large plot of land, said DTZ's Ms Tang.

    'Those with facilities would have good rental value so the owners won't be very motivated to sell,' she said.

    Credo Real Estate's executive director, Mr Karamjit Singh, said: 'The poorer the physical conditions, the better the chances.'

    Surroundings also play a part. For instance, a low-rise development in an area with mostly high-rise projects could be a strong target, he said.

    It could be tricky for mixed developments as shop owners may not want to sell. 'The revenue they derive from the shops may be much better than the property's value,' said Ms Tang. 'If they move out, they will lose the goodwill they have established over the years.'

    Consultants said many former HUDC estates like Pine Grove, Gillman Heights and Farrer Court have expressed interest in selling collectively.

    So have some owners of ageing private properties such as Grand Tower in Moulmein Rise, Eng Tai Mansions at St Thomas Walk, Peck Hay Mansion in Cairnhill and The Ardmore at Ardmore Park.

    But getting enough owners to agree to a collective sale could take years. 'It's a waiting game,' said Ms Tang.

    A home owner Gerald sold his Parry Gardens home near Yio Chu Kang in 1993, even though a neighbour said there may be plans to sell en bloc.

    'I missed out on making money but the deal was only concluded in 2005! I would have had to wait for more than a decade,' he said.


  5. #25
    Any complaints please PM me mr funny's Avatar
    Join Date
    May 2006
    Posts
    8,129

    Default

    Top Print Edition Stories
    Published April 7, 2006

    NUS feels Gillman Heights en bloc heat
    Its approval needed as it controls over 50% of share values


    By KALPANA RASHIWALA



    (SINGAPORE) The National University of Singapore is getting some en bloc heat from some of the other apartment owners at Gillman Heights Condo.



    Gillman Heights: Some owners fear they could miss the en bloc boat if developers slow down on landbanking. If NUS gives the nod, owners would secure the minimum 80% consent level to put the 836,425 sq ft site on the market


    The university - which holds the key to a collective sale as it controls slightly more than half of share values in the project - is being pressured to finalise an agreement soon to launch a sale of the privatised HUDC estate.

    BT understands that the university had earlier indicated it would not hold up a collective sale but is still studying the terms for a sale. However, some of the other owners fear it may take too long and they could miss the en bloc boat if developers decide to slow down on landbanking.

    If NUS gives the nod, the owners of the privatised HUDC estate would secure the minimum 80 per cent consent level to put the 836,425 sq ft leasehold site on the market.

    BT understands NUS owns 305 apartments in the condo, which comprises four high rise blocks of 24 storeys each with a total of 455 units and six low-rise blocks with 152 maisonettes. There is also a shop unit, bringing the total number of units in the development to 608.

    Sources say the asking price of about $528 million works out to a unit land price of $323 per square foot of potential gross floor area, including an estimated $36 million payable to the state for upgrading the site's lease to 99 years from a remaining tenure of about 78 years and a further payment of $3.5 million for a slight enhancement in plot ratio.

    The site is zoned for residential use with a 2.1 plot ratio (ratio of potential gross floor area to land area).

    NUS told BT it has yet to make a decision. 'It is to our understanding that the proposed en bloc sale of Gillman Heights was initiated by some residents living there. The university is evaluating the information and would be taking this up with our management and Board of Trustees before making any decisions on whether to agree to the collective sale of the residential property.'

    On average, owners stand to receive $870,000 per unit which is about 50 to 60 per cent more than the average value of what their units would fetch if sold individually.

    The NUS spokesman said the university's apartments at Gillman Heights provide off-campus accommodation for some of its staff and graduate students. 'If necessary, and when appropriate, the university will then proceed to help them source for alternative accommodation,' he added.

    Even if NUS gives the nod, and the collective sale is launched, it remains to be seen what sort of response the exercise will garner.

    While developers have been snapping up land over the past six months or so, they've focused on the prime districts in response to a strong recovery in home buying in the luxury residential segment. As well, the Gillman Heights site is huge - a new project on the site can house around 1,400 apartments averaging 1,300 sq ft.

    Not many developers have the financial muscle for such a big project. And even if they do, they may not wish to put all their eggs in one basket.

    Also, the asking price set by the owners, which works out to a unit land price of $323 psf per plot ratio, would translate to a relatively high breakeven cost of at least $500 psf for the developer, say market watchers.


  6. #26
    Any complaints please PM me mr funny's Avatar
    Join Date
    May 2006
    Posts
    8,129

    Default Robinson Rd office block to go residential

    Top Print Edition Stories
    Published April 19, 2006


    Robinson Rd office block to go residential

    By KALPANA RASHIWALA


    (SINGAPORE) Another ageing CBD office block looks set to make way for homes. BT understands that SingTel is likely to sell 71 Robinson Road - which houses Robinson Post Office - after securing provisional permission to redevelop the property into a 51-storey project.



    From office to homes: SingTel has obtained provisional permission to redevelop the CBD site


    Provisional approval has been granted for 315 apartments on the upper 44 storeys, which will be above a six-storey carpark podium and one level of commercial space.

    The commercial space is expected to be at street level. The plot ratio - the ratio of potential gross floor area to land area - approved is 11.2. This means the project can be built up to a gross floor area of 274,746 sq ft - a significant enhancement from the existing 99,383 sq ft.

    Approval is subject to the site being rezoned from commercial use to residential with commercial use on the first storey. A development charge will be payable to the state in exchange for the right to develop a bigger project on the site.

    In addition, the successful developer is expected to apply to the authorities to top up the 24,531 sq ft site's lease from the remaining 45 years to the original 99 years.

    The seven-storey building, formerly known as Crosby House, is at the corner of Robinson Road and McCallum Street.

    Other ageing office blocks expected to make way for homes include NatWest Centre and Asia Chambers - both in McCallum Street - 1 Shenton Way and the HMC Building in Mistri Road.

    SingTel is expected to put up 71 Robinson Road for sale in line with its policy of divesting non-core property to redeploy the resources to its core telco business.

    In February, it sold a former telephone exchange in Old Holland Road for $30 million.

    Tenders have closed for two sites in West Coast and Hillcrest roads.


  7. #27
    Any complaints please PM me mr funny's Avatar
    Join Date
    May 2006
    Posts
    8,129

    Default

    Property
    Published May 4, 2006

    HPL's latest condo to top $2,000 psf price
    Project on Beverly Mai site to be pitched as most exclusive in S'pore


    By KALPANA RASHIWALA


    CHRISTOPHER Lim, group executive director of Hotel Properties Ltd (HPL), says a new condo on the Beverly Mai site which the group bought last week is located just as well if not even better than the Four Seasons Park condo the group developed in the mid-1990s.



    Mr Lim: The $1,600 psf breakeven cost for HPL's proposed new condo on the Beverly Mai site reported in the media is "in the lower range".


    'The project will be the most exclusive in Singapore,' Mr Lim said in an interview with BT.

    'The pricing will definitely be above $2,000 psf on average. It's a question of how much more than $2,000 psf.'

    The 36-storey development is likely to be released for sale early next year. The configuration of unit sizes has yet to be finalised, although market watchers expect most of them to be large units of 2,000 sq ft or so, given that these are in high demand by foreign buyers and well-heeled Singaporean investors looking to buy apartments to lease out, particularly to expatriate families.

    Mr Lim said the $1,600 psf breakeven cost for HPL's proposed new condo on the Beverly Mai site reported in the media is 'in the lower range'.

    HPL bought Beverly Mai on Tomlinson Road through a $238 million collective sale - $1,184 per sq ft of potential gross floor area inclusive of an estimated development charge of $16.8 million.

    The site is zoned for residential use with a 2.8 plot ratio(ratio of potential gross floor area to land area).

    Mr Lim said the Beverly Mai site is superior in terms of accessibility and height control to the group's Four Seasons Park condo project which set the benchmark for the high-end condo market in the 1990s.

    The new project at the Beverly Mai site will have 36 storeys. Four Seasons Park has 27 storeys.

    And whereas the Four Seasons Park condo can be accessed only through Cuscaden Walk, the Beverly Mai site can be accessed through Orchard Boulevard, Grange Road (through One Tree Hill) and Paterson Road, Mr Lim said.

    'The new condo will boast unobstructed views as it will be surrounded by landed properties and greenery, including the Good Class Bungalow areas of Rochalie Drive, Chatsworth and Bishopsgate,' Mr Lim said.

    'Beverly Mai is in a quiet enclave surrounded by low-rise residential properties and yet it's just a minute's walk from Four Seasons Hotel.'

    HPL's Beverly Mai deal - which is still subject to approval by the Strata Titles Board since unanimous approval from owners has yet to be secured - is the group's first major property acquisition in Singapore in about nine years.

    The group is interested in more prime freehold residential sites here but will stick to its current stronghold in the Cuscaden/Orchard belt.

    On the status of the group's long standing plans for a massive redevelopment of the group's four properties in the Orchard/Cuscaden area - Four Seasons and Hilton hotels, Forum and HPL House adding up to a land area of almost 220,000 sq ft, Mr Lim said: 'We're looking at this with great enthusiasm but not ready to make any announcements.'

    Expectations that HPL would bring forward its plans have been running high since March last year when the Urban Redevelopment Authority (URA) announced a scheme to give incentives to redevelop properties along Orchard Road.

    Under this scheme, the URA may grant additional gross floor area (GFA) beyond that allowed under the Master Plan - if redevelopments result in innovative projects that generate tourism and other economic spinoffs.

    Asked if HPL will team up with Wheelock Properties (Singapore) - which recently bought a 21 per cent stake in HPL - to undertake this massive redevelopment of its four Cuscaden/Orchard properties or for the Beverly Mai project, Mr Lim said there are no specific discussions for any joint venture proposals.

    'But there is good chemistry between the two companies, and their assets and ours are quite similar. That could lead to cooperation in future.

    'We are very friendly with Wheelock. We have high regard for their management - Peter Woo and David Lawrence - and (HPL managing director) Mr Ong Beng Seng knows them personally. We like what they have done and likewise, they like what we have done.

    'So sure, in future, anything can happen.'

    Even without joint ventures, though, HPL can undertake the redevelopment of the four Orchard/Cuscaden Road buildings through internal resources and bank borrowings.

    'Our gearing is relatively low, about 40-plus per cent. And we're not a property developer which is totally dependent on development profits. We have quality investment income from hotel operations,' Mr Lim points out.

    HPL has more than 10 hotels, in Singapore, Maldives, Bali, Pattaya, Bangkok, Langkawi, Kuala Lumpur, Bhutan, New York and Vanuatu.
    Last edited by mr funny; 17th August 2006 at 09:58 PM.


  8. #28
    Any complaints please PM me mr funny's Avatar
    Join Date
    May 2006
    Posts
    8,129

    Default

    Cairnhill Circle: terrace house owners relaunch their site

    By KALPANA RASHIWALA

    (SINGAPORE) The owners of 16 terrace houses at Cairnhill Circle whose properties remained unsold - following the collective sale of the next-door Hilltops Apartments site - are relaunching the 49,856 sq ft freehold site.



    Condo plan: Artist's impression of the proposed 100-unit luxury apartment project that could come up on the site occupied by the 16 terrace houses. Market watchers reckon SC Global could buy the site
    The owners - said to include wealthy individuals including some grandchildren of the late tycoon Khoo Teck Puat of the Goodwood group - have even appointed a consultant to design a redevelopment scheme for their site, involving a 100-unit apartment project engulfing part of the Hilltops Apartments site.

    Mr Khoo was the original developer of the terrace houses as well as Hilltops Apartments.

    SC Global Developments last month clinched Hilltops Apartments - with a freehold land area of 67,308 sq ft - for $294 million through a collective sale but declined to buy the adjoining 16 terrace houses which had been offered separately.

    The proposed luxury apartment development scheme by design consultant Sommai Chareon envisages a 15-storey project with a total of 100 units to be built on a site surrounding part of the Hilltops plot. Due to the site configuration, the project on the terrace house plot will have a slimline design which is now in vogue, notes Tang Wei Leng, director at DTZ Debenham Tie Leung. DTZ, which is marketing the 16 terrace houses, also brokered the sale of Hilltops.

    Market watchers observe the proposed condo designed for the site currently occupied by the terrace houses could potentially block views for a chunk of units in SC Global's proposed condo on its Hilltops site.

    Of course, SC Global could locate its condo blocks on the part of the Hilltops site which is not immediately adjacent to the terrace houses and instead utilise the portion next to the houses for facilities like swimming pools, tennis courts and a clubhouse as well as for utility services like a substation.

    Market watchers reckon SC Global could end up buying the terrace houses as it would be the most suitable party to do a comprehensive redevelopment scheme involving both sites.

    'It's probably a question of price. The terrace houses' price will have to be at a level that will make sense for SC Global to buy,' said an industry observer.

    The owners of the 16 terrace houses are asking for $120 million or $951 psf of potential gross floor area inclusive of an estimated development charge (DC) of $12.81 million - exactly the same unit land price that SC Global paid for Hilltops Apartments.

    However, BT reported last month that the reserve price for the terrace houses is lower, at about $100 million - which works out to $808 psf ppr including DC. This is 15 per cent lower than the unit land price paid for Hilltops.

    The tender for the 16 terrace houses closes on May 30. The site is zoned for residential use with a 2.8 plot ratio (ratio of potential gross floor area to land area) and a 20-storey height limit under Master Plan 2003.

    BT understands among their owners are wealthy individuals including some grandchildren and other relatives of the late Mr Khoo.


  9. #29
    Any complaints please PM me mr funny's Avatar
    Join Date
    May 2006
    Posts
    8,129

    Default Horizon View in Cairnhill up for en bloc sale at $123m

    Horizon View in Cairnhill up for en bloc sale at $123m

    6 May 06


    THE owners of Horizon View in Cairnhill Road are the latest to hit the en bloc trail, asking $123.2 million or $3.4 million per existing unit. This works out to about $951 psf of potential gross floor area, inclusive of an estimated development charge of $1.1 million - the same unit land price achieved for Hilltops Apartments at Cairnhill Circle recently.


    If the asking price of $3.4 million per unit is achieved, the owners of the existing 36 units at Horizon View will reap a collective sale premium of about 100 per cent based on the last individual transaction - $1.7 million for an apartment sold in March last year.

    CB Richard Ellis, which is marketing the property through a tender that closes on June 8, says Horizon View has a freehold land area of 46,661 sq ft. The site is zoned for residential use with a 2.8 plot ratio and a 36-storey maximum height.

    By KALPANA RASHIWALA


  10. #30
    Any complaints please PM me mr funny's Avatar
    Join Date
    May 2006
    Posts
    8,129

    Default Airview Towers owners woo developers

    Airview Towers owners woo developers
    More flexibility, upside seen in 'collective exchange' than sale

    By ARTHUR SIM

    AIRVIEW Towers in River Valley Road is for sale - sort of. DTZ Debenham Tie Leung has been appointed by a sale committee of owners to look for developers keen on the 63,264 sq ft property.

    Airview Towers: Through a collective exchange, owners hope to reap future capital appreciation
    DTZ's director of investment advisory services Tang Wei Leng said an expression-of-interest exercise will give both buyers and sellers 'flexibility' to negotiate the terms before anyone actually signs on the dotted line, or even before a contract is drawn-up.

    With the recent 'collective exchange' of Paterson Lodge - existing home owners opted for new units in the redevelopment of their building rather than cash payment - more home owners are considering this route rather than a traditional collective sale, as there could be more upside.

    Based on recent prices at new developments in the area, Ms Tang reckons the land price for Airview Towers, which has a plot ratio of 2.8, could be about $750-$800 psf ppr. This would work out to about $135-$142 million in total. On average, existing owners would reap a 30-40 per cent premium on the current market price for individual units.

    But through a collective exchange, Ms Tang says owners who take a 'future view can ride through the market and hope for future capital appreciation rather than cash out at a particular price at this point in time'.

    Although a collective exchange throws up contractual complexities, as owners and the developer have to be amenable to the terms, Ms Tang says she has received more requests for this option recently.

    Developers, however, have a choice in the vicinity of Airview Towers. Also for sale in the same area is a warehouse at Martin, Narayanan Chetty and Muthuraman Chetty roads.

    Opposite the former TradeMart site, which is now RiverGate condominium, the 44,477 sq ft redevelopment site, with a plot ratio of 2.8, is being marketed by Jones Lang LaSalle.

    JLL's regional director and head of investments Lui Seng Fatt says the site will primarily be for residential use but will also have a commercial component on the first storey.

    The maximum GFA is 124,500 sq ft and the land price is likely to be $750-$800 psf ppr including development charge.


Page 3 of 7 FirstFirst 1234567 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •