08 Aug '18, 6am

En bloc activities rages on in District 9 @CondoExpert_SG

Several homeowners in the prime District 9 of Singapore are still setting their sights on a collective sale and hoping real estate developers will find properties in these areas as attractive propositions despite the recent introduction of harsher property cooling measures by the government. Earlier this week, over 80% of the homeowners at St Thomas Ville have given the ‘green light’ for the 17-year old development to be put up for a collective – at an asking price of no less than $58 million. St Thomas Ville – at 38 St Thomas Walk The 12-storey freehold apartment comprises of 23 private homes in total and is sitting on a site with an area of 11,407 sq feet. Under the URA Master Plan 2014, the St Thomas Ville site has a gross plot ratio of 2.8 and permissible height of 36 storeys maximum. The asking price will work out to be around $1,816 psf ppr , but if it was to factor ...

Full article: http://condoexpert.sg/en-bloc-activities-rages-on-in-dist...

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