09 May '11, 10am

Residential site opposite Parkway Parade up for sale

SINGAPORE: A residential site sitting on a land area of about half a football field opposite Parkway Parade is up for sale by tender. The 47,400 square foot site on 37 East Coast Road holds a 113-year-old former beachside villa which has been identified for conservation by the Urban Redevelopment Authority. The villa has an estimated gross floor area of 3,100 square feet and was built by the late Choa Kim Keat, after whom Kim Keat Road in Balestier, is named. Mr Choa was also the husband of the late Mr Tan Tock Seng's granddaughter. Property consultant Credo Real Estate said the new site may be redeveloped into 100 units of residential high rise condos of 1,000 square feet each with the conservation villa integrated into the development. Mr Karamjit Singh, Managing Director for Credo Real Estate said the new owners would have a piece of Singapore's history to their estate ...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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