30 Apr '18, 1am

Mixed-use site near Serangoon MRT station with manageable quantum price tag

Mixed-use sites are hard to come by, and one near an MRT station even rarer. One such site has just come up for collective sale in Serangoon with a $55 million price tag. $55 million a manageable quantum with rising land prices With rising land prices following consecutive quarters of booming en bloc statistics, property analysts are expecting bids of over $55 million for the freehold Choon Kim House in Upper Serangoon Road. This manageable quantum has brought it to the forefront as an affordable freehold site. The 14,988 sq ft site is located at 780 Upper Serangoon road and was built early in the millennium. The 4-storey Choon Kim House consists of 20 commercial units and 10 apartments with 19 parking spaces. The site is zoned for residential and commercial use and has a 3.0 gross plot ratio. It comes with a $4.9 million development charge and the land rate comes up to be...

Full article: https://www.iproperty.com.sg/news/mixed-use-site-near-ser...

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