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January 9, 2012, 7.10 pm (Singapore time)

Asia Gardens, Jade Towers up for enbloc sale

By JASMINE NG


Two freehold residential redevelopment sites, Asia Gardens and Jade Towers, have been launched for sale by tender, Savills Singapore said on Monday.


Jade Towers, located along Lew Lian Vale, off Upper Serangoon Road, comprises two 10-storey blocks with a total of 72 apartments of about 1,453 square feet each

Asia Gardens, an 84-unit condominium development, is located at 42 Everton Road.

It has a site area of about 72,059 square feet, and has an allowable gross floor area of 201,765 square feet.

The collective sale of Asia Gardens has an indicative guide price of between S$302.6 million to S$307.7 million or about S$1,500 to S$1,525 per square foot per plot ratio respectively.

Jade Towers, located along Lew Lian Vale, off Upper Serangoon Road, comprises two 10-storey blocks with a total of 72 apartments of about 1,453 square feet each.

It has a site area of 92,412 square feet, and could accommodate a gross floor area of 131,702 square feet, subject to confirmation by authorities.

The collective sale of Jade Towers has an indicative guide price of S$108.8 million to S$110.8 million or S$826 to S$841 per square foot per plot ratio respectively.

The tender for Jade Towers and Asia Garden will close at 3pm on 16 Feb and 29 Feb respectively.