Advertisement
Singapore markets close in 7 hours 26 minutes

  • Straits Times Index

    3,179.20
    -8.46 (-0.27%)
     

  • Nikkei

    37,047.31
    -1,032.39 (-2.71%)
     

  • Hang Seng

    16,385.87
    0.00 (0.00%)
     

  • FTSE 100

    7,877.05
    +29.06 (+0.37%)
     

  • Bitcoin USD

    61,989.17
    +532.08 (+0.87%)
     

  • CMC Crypto 200

    1,286.62
    +401.08 (+44.06%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • Dow

    37,775.38
    +22.07 (+0.06%)
     

  • Nasdaq

    15,601.50
    -81.87 (-0.52%)
     

  • Gold

    2,407.40
    +9.40 (+0.39%)
     

  • Crude Oil

    84.53
    +1.80 (+2.18%)
     

  • 10-Yr Bond

    4.6470
    +0.0620 (+1.35%)
     

  • FTSE Bursa Malaysia

    1,550.11
    +5.35 (+0.35%)
     

  • Jakarta Composite Index

    7,166.81
    -7,130.84 (-49.87%)
     

  • PSE Index

    6,523.19
    0.00 (0.00%)
     

Freehold residential redevelopment sites at Balmoral Road area up for sale

cheeyuen.tan@bizedge.com
Updated

Two adjoining freehold residential redevelopment sites at Balmoral Road area has been put up for sale by public tender. One site is located at Balmoral Road while the other is on Ewe Boon Road.

Located within prime District 10, the two sites have a combined site area of approximately 57,349 sq ft. They are zoned as “Residential” usage with a gross plot ratio of 1.6 and a building height control of up to 12 storeys under the 2014 Master Plan. An estimated total development charge of approximately $31.5 million is payable to redevelop the combined site up to a plot ratio of 1.6.

Edmund Tie & Company, the appointed the sole marketing agent, is conducting a concurrent but separate tender for the two sites. Interested buyers may bid for either one or both plots. The tender exercise for both sites closes on April 20.

Related Articles From TheEdgeProperty.com.sg