26 Mar '13, 3am

Kismis Lodge sold collectively for $84.2m... #sgproperty

The 70,283 sq ft residential site comprises 64 walk-up apartments in two four-storey blocks. It is zoned for a three-storey mixed landed development under the 2008 Master Plan, with no development charge payable. Subject to approval from the Strata Titles Board, this could be the largest mixed landed site sold collectively in 2013, said Yong Choon Fah, National Director of Investments at JLL. “Based on URA’s prevailing guidelines for strata landed developments, Newfort could possibly build as many as 43 terrace houses, or 32 semi-detached houses, subject to approval.”

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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