Upper Serangoon Shopping Centre Enbloc
(Read Article here >>> https://www.businesstimes.com.sg/property/upper-serangoon-shopping-centre-back-market-unchanged-s260-million-price)
From the article:
The six-storey strata-titled building Upper Serangoon Shopping Centre has been relaunched for collective sale, with an unchanged reserve price of S$260 million.
This translates to a land rate of S$1,471 per square foot (psf) on the existing gross floor area of 176,792 square feet (sq ft), said marketing agent CBRE in a press statement on Tuesday (Nov 18).
The consultancy said it has submitted an outline planning permission to the authorities for the development of a mixed-use project comprising serviced apartments, retail and residential components.
Redevelopment can potentially yield around 154 homes and 56 serviced apartments, or 23 homes, with 12,000 sq ft of commercial space in total. This will be subject to the authorities’ approval and assumes an average home size of 85 square metres (sq m) and 35 sq m for serviced apartments.
Located in District 19, the mixed-use site comprises two land parcels with a combined land area of 51,086 sq ft. One plot, in the front along Upper Serangoon Road, is zoned for commercial and residential use with a gross plot ratio of 3.0. The other plot, closer to Taman Sireh, is zoned as residential with a gross plot ratio of 2.8.
-----------------------------------------
Next thing you MUST KNOW:
En bloc sales framework under review by government
(Read Article here >>> https://www.channelnewsasia.com/singapore/collective-sales-en-bloc-regime-under-review-minlaw-majority-threshold-5479956)
The enbloc craze around the island could be back before you know!
So hurry contact me to check out this property now!
Owner is offloading at current market rate now.
Keys on hand.
Call 9710XXXX to view now.
Whatsapp Chat
