14 Mar '18, 9am

Minbu Villa For Sale By Tender. For more info:

Savills Singapore is pleased to announce the launch for sale by tender the collective sale of Minbu Villa in the prime Novena neighbourhood. Completed in 1981, the 10-storey freehold development comprises 33 apartments and a penthouse. It occupies an elevated plot of 3,569.9 sq m (or 38,426 sq ft) at the quiet cul-de-sac of Minbu Road. Under the 2014 Master Plan, the site is zoned for residential use with a gross plot ratio of 2.8. Subject to approvals from the relevant authorities, the site may be developed up to 36 storeys with an allowable gross floor area of 9,995.72 sq m (or 107,593 sq ft). There is no development charge payable including the additional 10% gross floor area for balconies arising from the high development baseline of 11,648 sq m. The development, uniquely and conveniently located within the established residential Novena/Balestier enclave, is accessibl...

Full article: http://www.savills.com.sg/_news/article/39553/158784-0/03...

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