23 Nov '17, 4am

Kismis View up for en bloc sale for $102mil

Kismis View is a 99-year leasehold condominium development located at District 21. (Photo: JLL) Kismis View along Lorong Kismis within the Upper Bukit Timah area has been put up for en bloc sale, with the owners setting the minimum price at $102 million, revealed marketing agent JLL. Comprising 43 units spread across two four-storey and seven-storey apartment blocks, Kismis View has 64 years left on its lease. The 90,863 sq ft site is zoned for “residential” use under the 2014 Master Plan, with a gross plot ratio of 1.4. JLL noted that the site could be redeveloped into a low-rise housing development of up to five storeys, with a total gross floor area of around 139,929 sq ft including a 10 percent bonus balcony area. It could yield a maximum of 168 housing units, based on a minimum average size control of 70 sq m. Given the minimum price of $102 and an estimated different...

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

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