Freehold development at Robin Road up for sale

A small freehold development at Robin Road, off Bukit Timah Road, has been put up for sale with an expected selling price of S$58 million.

The property at numbers 2 to 8 Robin Road comprises 16 residential units and has a land area of approximately 23,084 square feet.

Under the 2008 Master Plan, the site is zoned for residential development at Gross Plot Ratio (GPR) of 1.4 with an allowable building height of up to five storeys.

The property is being marketed by Credo Real Estate.

It added that a development charge is not payable for the redevelopment of the site up to the allowable plot ratio of 1.4 plus 10 per cent balcony Gross Floor Area (GFA) .

The total GFA allowed is approximately 35,550 square feet, including 10 per cent GFA for balcony space. The site may be configured into approximately 56 apartment units with an average size of 600 square feet, depending on layout and configuration.

The land rate works out to be approximately S$1,782 per square foot per plot ratio at GPR of 1.4 or S$1,620 per square foot per plot ratio at GPR of 1.54.

The tender for the property closes at 2.30 pm on October 5.

Source : Channel NewsAsia – 7 Sep 2011

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