26 Sep '13, 3am

Two malls go on sale: Serangoon Plaza (pictured) has been put up for col... property market

) has been put up for collective sale, revealed Savills Singapore. The five-storey complex at 320 Serangoon Road comprises 128 units of retail and office space. With an area of around 68,521 sq ft and plot ratio of 3.0 under the 2008 Master Plan, the site has been zoned commercial. It could be redeveloped into a commercial project with a gross floor area (GFA) of up to 205,563 sq ft. Located at the junction of Serangoon Road and Syed Alwi Road, the site features a wide frontage of about 140 metres and is well-connected to the central business district. The property carries a guide price of between S$360 million and S$368 million, which translates to S$1,751 - S$1,790 psf ppr. No development charge is payable for the site due to its high development baseline. Meanwhile, the four-storey retail mall Cityvibe located in Clementi has been launched for sale by expression of inte...

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

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) has been put up for collective sale, revealed Savills Singapore. The five-storey complex at 320 Serangoon Road comprises...

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