04 May '18, 2am

2 boutique sites to go en bloc

2 boutique sites each with an existing development of less than 20 units have just gone on the collective sale market. Holland Village. Picture: URA Margate road and Holland Village sites for sale Margate Point on Margate road and Holland Tower have just come on the en bloc market. The former consists of 15 apartment units and the latter, 19. Both projects are reasonably priced, according to property players, and at prices palatable to most developers. Margate Point is situated near Meyer road and Mountbatten road. It has a 12,800 sq ft land area and an allowable plot ratio of 2.1 14 out of 15 unit owners have already given their consent for the sale. The minimum expected price for this site is $38 million. The site could potentially yield 35 new apartment units of an average 70 sq m each. The site offers up views of Meyer road and Goodman roads’ landed zones and also of J...

Full article: https://www.iproperty.com.sg/news/2-boutique-sites-to-go-...

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