A prime, freehold site on Saint Thomas Walk in Area 9 jumps on the market for $68 million readily available by tender, announced sole marketing and advertising agent Edmund Link & Firm (ET&C o). The 12,809 sq ft residential property is owned by a solitary family members. The asking cost reveals a land price of $2,190 psf per story ratio, including an approximated growth price of $10.56 million, payable to increase the plot percentage to 2.8. Thus far this year, there have been vigorous sales at new household jobs around like Avenue South Residence, Treasure At Tampines, and Nim Collection, declares Tan Chun Ming, ET&C o's elderly supervisor of investment advisory. "These favorable take-ups highlight the confidence of the marketplace in the premium and also superior residential area. This residence, offered its single-owner problem, materials assurance in conclusion timeline, supplying developers the opportunity to utilize on the existing positive market sentiments," he firmly insists.
As the residence remains in the Central Area, the usual constraint on the optimum variety of home systems, based on a common device dimension of 70 sq m or 100 sq m, does not utilize along with there is no details cap on the selection of residence systems. Under the 2014 Master Plan, the site has a gross story proportion of 2.8. Possibly redeveloped into a skyscraper shop advancement with an optimum height of 36 storeys, based on approvals.