Cardiff Court, a huge D-19 site located near Lorong Chuan and Serangoon MRT station, will be launched for collective sale on Tuesday.
The property is expected to fetch around S$25 million.
This works out to owners getting between S$700,000 and S$1.45 million, depending on the size of their unit.
The 43,490.9 square feet site has 72 years of its lease left, and is zoned for Residential use.
The site has a gross plot ratio of 1.4 and an allowable height of up to 5 storeys.
Meanwhile, its potential gross floor area is 60,887.2 square feet.
This means that the new condominium development could have about 96 apartments with each unit measuring about 600 square feet.
The new condo project is expected to fetch about S$1,100 per square foot when it is launched.
The Tender will close on the 18th of November.
Source : Channel NewsAsia – 25 Oct 2010