Daisy Apartments sold en bloc for S$14.62m

Daisy Apartments, a residential redevelopment site near Serangoon Gardens, was successfully sold via en bloc for S$14.618 million to SingBuilders.

This translates to a land rate of about S$738 per square foot per plot ratio, including an estimated development charge for the 10 per cent bonus gross floor area for balconies.

With the successful sale, each owner stands to receive gross sales proceeds of up to S$1.27 million.

The freehold site is located at Daisy Road and has a land area of more than 13,000 square feet.

Source : Channel NewsAsia – 6 Sep 2011

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