Property consultancy CB Richard Ellis has launched the public tender for the sale of Austral View at 6 Tanjong Rhu Road.
The Austral View sits in a well-established residential estate along Tanjong Rhu and Meyer Road.
The prime freehold site has an area of more than 30,000 square feet.
With a guide price of S$88 million, that works out to about S$1,350 per square foot per plot ratio, inclusive of the 10 per cent balcony area.
The site has a plot ratio of 2.1 and height control of up to 24 storeys.
Developers can choose to build a high-end boutique development on the site.
This tender closes at 3pm on March 17.
Source : Channel NewsAsia – 16 Feb 2011