12 Oct '17, 2pm

Another condo goes en bloc, this time in Bukit Timah

Built in the 1980s, Royalville comprises 93 apartments and 11 shops. (Photo: Edmund Tie & Company) The en bloc frenzy continues after Royalville at Bukit Timah Road became the latest project to be put up for sale on Thursday (12 October). The freehold condominium in District 10 joins a growing list of ageing properties in prime districts that are trying their luck at a collective sale. This includes Cairnhill Mansions along Cairnhill Road which has an indicative price of $362 million, and Tai Wah Building along Killiney Road at $81 million. Built in the 1980s, Royalville comprises 93 apartments and 11 shops and sits on a sprawling site measuring 174,176 sq ft. The owners are asking for $368 million, which works out to a land rate of $1,509 psf per plot ratio. No development charge is payable. Under the 2014 Master Plan, the site is zoned residential with a gross plot ratio...

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

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