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Nanak Mansions up for sale at $200 million

cheeyuen.tan@bizedge.com
Updated

Nanak Mansions, a low-rise development on Meyer Road, has been listed for sale by tender, according to marketing agent JLL. It has an indicative price of $200 million, which translates into $1,420 psf ppr, inclusive of an estimated development charge of $18 million for intensification of the site.

Nanak Mansions sits on a 109,629 sq ft site. Completed in the 1980s, it comprises 36 four- and five-bedroom maisonettes. The units measure from 2,551 sq ft to 3,584 sq ft. Under the 2014 Master Plan, the site is zoned for residential use with a plot ratio of 1.4. It is located 400m from the upcoming Tanjong Katong MRT Station on the Thomson-East Coast Line.

The tender for the site will close on September 26.

Source: JLL

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