11 Sep '17, 10am

Freehold Balestier property launched for sale

Map showing the location of 10A Jalan Ampas in Balestier. Source: Savills A freehold property at 10A Jalan Ampas in Balestier has been launched for sale at a guide price of $16.8 million, marketing agent Savills Singapore said on Monday (11 September). Located within an industrial cluster, the approximately 12,070 sq ft site is currently zoned for Business 1 use under the Master Plan 2014 with an allowable gross plot ratio (GPR) of 2.5. SEE ALSO: Eye on Novena: Bridging the past and future dfrrqfzycfzfvevdwudttcrftuyyxcdfwwstc However, subject to the Urban Redevelopment Authority’s approval and payment of development charges, the site could be rezoned as residential with a GPR of 2.8. The development charges are estimated at about $16.86 million, which works out to $996 psf of the maximum allowable gross floor area of 33,974 sq ft. According to Savills, up to 44 apartments...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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