Glenville up for en bloc sale

Another apartment is angling for an en bloc sale.

Owners of Glenville off Upper Serangoon Road are asking between S$38 and S$40 million for the property.

That works out to about S$715 to S$745 per square foot per plot ratio for owners of the 32-unit, freehold residential development located at Lim Tua Tow Road

The site spans 43,335 square feet with a gross plot ratio of 1.4.

It can be built up to five storeys, yielding a potential gross floor area of more than 60,670 square feet.

It is subject to a development charge of about S$5.3 million.

Sole marketing agent Jones Lang LaSalle said the site can yield some 57 units with an average size of 1,000 square feet each.

It added that Glenville is in close proximity to Serangoon MRT Station, the upcoming NEX Mega Mall and Serangoon Stadium.

The tender for Glenville will close at 4pm on October 5.

Source : Channel NewsAsia – 8 Sep 2010

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