13 Jan '14, 3am

#Savills achieved S$429 million in collective sales in year 2013:

Savills Singapore is pleased to announce the sale of a plot of land on Pasir Panjang Road for S$29 million to a local boutique developer. This brings Savills total transaction volume in collective sales for year 2013 to S$429 million. Located along the main Pasir Panjang Road, the near trapezoidal freehold site of 27,589 sq ft lies within an upcoming popular residential enclave of low-rise apartments, townhouses and landed housing. The development, more than 25 years of age, comprises a single block of 7 townhouses with a strata area of 2,680 sq ft each. It is zoned for residential development with allowable plot ratio of 1.4 under the Master Plan 2008. Possible redevelopment options include a boutique residential development with a maximum building height of 5 storeys or a strata cluster housing scheme. A development charge of approximately S$11.58 million is payable to m...

Full article: http://www.savills.com.sg/_news/newsitem.aspx?intSitePage...

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