21 Mar '18, 1am

Minbu Villa in Novena up for tender at reserve price of $145.8 million

A freehold development off Balestier road has just been put up for tender at a reserve price of $145.8 million. Minbu Villas Freehold condominium near Novena Health City Minbu Villa sits on a good-sized plot of land in a prime location. It is situated just next to the Novena Health City and with the increasing popularity of health tourism, properties in the city fringes are rapidly drawing interest from investors. The reserve price of $145.8 million would translate to a land rate of $1,355 psf ppr for the 38,426 sq ft site. The 1981-built private condominium currently consist of a 10-storey block with 33 apartment units and 1 penthouse. The gross plot ratio is 2.8 and upon approval, the site could potentially be be redeveloped into a block 36-storey high with an allowable gross floor area (GFA) of 107,593 sq ft. This prime district 11 location holds tremendous potential wi...

Full article: https://www.iproperty.com.sg/news/minbu-villa-in-novena-u...

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Minbu Villa For Sale By Tender. For more info:

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