19 Feb '14, 6am

#GlobalREBubble #Singapore 'Novena apartment up for en bloc sale' via @SGPropertyGuru

Feb 19, 2014 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share A walk-up apartment in the Novena area has been put up for collective sale by public tender, according to marketing agent CBRE. The 16-unit development at 165-165Q Moulmein Road (pictured ) has a land area of 16,935.9 sq ft and a plot ratio of 1.4. The gross floor area (GFA) amounts to 26,081 sq ft and the site could be redeveloped into a boutique development of 32 apartment units with an average size of 800 sq ft each. The owners are looking for offers of more than $40 million, which works out to about $1,598 psf ppr inclusive of the 10 percent bonus GFA for balcony space. No development charge is payable. The site is within proximity to Novena MRT station , schools, shopping malls, as well as the future Health City Novena. Major roads and expressways such as the CTE and PIE serve residents in th...

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

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