04 Apr '11, 9pm

Pelikat Mansions owners eyeing S$70m in collective sale: Pelikat Mansions, a freehold three-storey commercial cu...

Pelikat Mansions, a freehold three-storey commercial cum residential block near Charlton Park, has been put up for collective sale via a public tender, said marketing agent ERA Realty Network. The existing development comprises 34 apartments and 17 shop houses. The 69,552.66 square feet site has a gross plot ratio of 3.0 according to the 2008 Master Plan. More than 80 per cent of owners, by share value and strata floor area, have signed the collective sale agreement and are looking at an indicative price of at least s$70 million. Inclusive of a development charge, the price is estimated at between s$560 and s$600 per sq ft per plot ratio. Kovan MRT and Heartland Mall are about half a kilometre away. DPS International School, Xinghua Primary School and Paya Lebar Methodist Girls' School (Primary and Secondary) are within a kilometre. The tender for Pelikat Mansions will clo...

Full article: http://www.todayonline.com/Business/Businessinbrief/EDC11...

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