29 May '18, 1am

$800 million reserve price for Leonie Gardens

With 71 years left on its 99-year lease, the Leonie Gardens condominium is now up for collective sale with a reserve price of $800 million. District 9 has not had much en bloc activity of late, thus any should be well-received. Leonie Gardens Prime district private real estate near Orchard road Leonie Gardens has a gross floor area of 410, 431.80 sq ft and currently holds 138 units with a plot ratio of 2.8. Depending on the average unit size, the number of new units that can be built on the plot will vary. For example, with an average size of 70 sq m per unit, 540 units can potentially be built on the site. Should the average size per unit be 100 sq m, the site can yield 380 units. Somerset MRT Station. Picture: iProperty The site is in between River Valley road and Orchard road, with the nearest MRT station being Somerse t. Situated along a quiet road off the main Orchard...

Full article: https://www.iproperty.com.sg/news/800-million-reserve-pri...

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