05 Mar '18, 9am

Nicon Garden is up for Collective Sale

SINGAPORE – Nicon Garden, a 99 years leasehold strata landed development located at 61 – 71G Choa Chu Kang Road Singapore 689388 will be up for collective sale. ERA Realty Network is the appointed marketing agent for the collective sale. The site will be launched for tender on 8th March 2018 and closes on 18th April 2018, 3pm. The development has 62 years left on its lease. It sits on an elevated land with a site area of 164,469.61 sq ft, and is zoned 3-Storey Semi-Detached Landed housing as indicated in Urban Redevelopment Authority’s (URA) Master Plan 2014. The development consists of 47 units of townhouses. The Sale Committee confirmed that they have achieved more than 80% of the subsidiary proprietors of Nicon Gardens by share value and strata area. The owners are expecting a minimum of S$110 million. Each unit is expected to receive sale proceeds of about S$2.3 millio...

Full article: https://www.iproperty.com.sg/news/nicon-garden-is-up-for-...

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