SINGAPORE: Grand Tower located near Novena MRT station was sold en bloc for S$88.5 million. This reflects a land rate of S$1,376 per square foot per plot ratio based on a plot ratio of 2.958.
Marketing agent for the site Savills said the buyer is 27MR Pte Ltd, a wholly owned subsidiary of boutique developer New Century Real Estate .
New Century Real Estate is also the developer for 8Rodyk condominium.
Grand Tower is a freehold development with a site area of 21,742 sq ft. The site can potentially accommodate a new high rise residential development with a maximum permissible Gross Floor Area of approximately 64,310 sq ft.
The site can potentially be redeveloped into a residential development comprising more than 70 apartments averaging 800 sq ft each.
More details at http://www.channelnewsasia.com
Source : MediaCorp Pte Ltd
Popular posts from this blog
SINGAPORE: From Wednesday, flat buyers will be able to enquire about the transacted resale prices within a 500-metre radius from any existing HDB block or DBSS project. They can do this by specifying the HDB block or DBSS project, and a summary table on the range of transacted resale prices by flat type within a 500-metre-radius of the target property will be displayed. This will also include the range of floor areas and the number of resale transactions. Users can access this enhanced e-Service on the HDB InfoWEB at http://www.hdb.gov.sg/map from 10am on 12 October. Currently, the public can check for resale transactions made over the last one year via the Resale Flat Prices e-service or the Centralised Map Services enquiry facility. However, there is no enquiry facility for users to search using a distance criterion. With the latest enhancement, the HDB said the public will have better information on resale prices near the particular property they are interested
SINGAPORE : Property developers seem pessimistic about the outlook for Singapore's real estate market in 2012, with some analysts foreseeing a five to ten percent drop in property prices this year. But market watchers also say the strong interest in recent property launches could defy these forecasts and even lead to more cooling measures. Celebrations continue but property developers are still in the dark about the outlook for Singapore's property market in 2012. Mr Wong Heang Fine, President, Real Estate Developer's Association of Singapore, said: "We are cautious. On the market going forward, it all depends on how the global economy goes in the next eleven months. So it's really anybody's guess." URA data shows the rate of price increase for private residential properties moderating for the ninth consecutive quarter with rentals also tapering off. More details at http://www.channelnewsasia.com Source : MediaCorp Pte Ltd by Yvon
As posted in www.h88.com.sg on 2 Sep 2009 by John H88.com.sg Condo Reviews Condo Review: Trevista Condo Review: Trevista About Trevista The Trevista is a 99-year leasehold, District 12 condo consisting of 590 units in three 39-storey blocks. Developed by NTUC Choice Homes, Trevista has a unit mix of studio, 1+1, 2, 2+1, 3 and 4 BR apartments. Expected to TOP in late 2012, this is Toa Payoh’s first condominium in more than a decade. In fact, Trevista is Toa Payoh’s third condo after Oleander Towers and Trellis Towers. This project comes with ‘full condo facilities’. Notable ones include a tennis court, a 50m lap pool and a rock climbing wall. Parking lots are underground. Unfortunately there are only about 590 lots available so your guests will have to find somewhere else to park. There’s a HDB MSCP right across the street in case they want to pay you a visit. Trevista is without doubt a mass market condo, with 590 units sharing a 50m lap pool and a single tennis court, this p