31 Oct '17, 5am

11 Balmoral Road up for collective sale at $75 million

Built in the mid-1990s, the property comprises 17 units in two four-storey apartment blocks. (Photo: JLL) Property consultancy JLL has launched 11 Balmoral Road in prime District 10 for collective sale at $75 million. The asking price translates to a land rate of about $1,761 psf per plot ratio, inclusive of the development charge which is estimated to be around $10 million. This is the development’s first collective sale attempt with 100 percent owners’ consent. As such, Strata Titles Board approval for the sale is not required. Built in the mid-1990s, the property comprises 17 units in two four-storey apartment blocks. The 30,200 sq ft site is zoned residential with a gross plot ratio of 1.6 under the 2014 Master Plan. It could be redeveloped into a high-end condominium of up to 12 storeys. Subject to design and approval from the Urban Redevelopment Authority, a develope...

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

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