20 Oct '17, 4am

Former Zouk site up for sale with $689.353mil reserve price

Aerial view of the land parcel at Jiak Kim Street.(Photo: URA) The site previously occupied by iconic nightclub Zouk has been put up for sale, with a minimum bid price of $689.353 million. The tender for the 99-year leasehold site will close on 5 December, with tenders below $689.353 million not to be considered, said the Urban Redevelopment Authority (URA). Zoned residential with first-storey commercial use, the site has a maximum gross floor area of 51,231 sqm and can yield 525 housing units. “The land parcel enjoys a waterfront view of the historic Singapore River with direct access to the river promenade accompanied by a good mix of retail, dining and entertainment options,” noted the URA. It is also accessible via the Central Expressway (CTE) as well as the upcoming Havelock and Great World MRT Stations on the Thomson East Coast Line. With this, analysts expect the si...

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

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[Singapore] Former Zouk site up for sale with $...

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