The latest developments to be put on en bloc sale are Amber Glades, Robin Court and an adjoining bungalow unit at Robin Drive, off Bukit Timah.
The properties at Robin Drive are put up as part of a joint collective sale. Asking price is between the region of $66 million to $74 million, which works out to an average of $1,046- $1,172 psf on potential GFA. It is also possible (pending approval) to buy the state land adjoining Robin Court with an area of 785 sqft, taking the total site to 41,000 sqft.
The site is expected to be a hit with developers since it is located within the vicinity of the future Stevens MRT station. The tender closes on 16 September.
Meanwhile, Amber Glades at Katong is also preparing to undergo an enbloc sale. The asking price for the 40,917 sqft site is $130 million, with each owner standing to pocket $1.4 million to $2.4 million each. The site can be redeveloped into a 2-storey block with 150 units at 840 sqft each, or 84 units at 1,500 sqft.
As posted in h88.com.sg by Cheryl Han