Greenlodge Condominium on Toh Tuck Road has been put up for collective sale.
The owners are asking for S$135 million for the site, which works out to S$683 per square foot per plot ratio (psfppr) inclusive of development charge.
The freehold land of about 14,000 square feet currently comprises 80 units.
Its marketing agent, Newman & Goh, believes the site can be potentially redeveloped to 211 units of boutique apartments at an average size of 1,000 square feet.
Newman & Goh expects the new development to be able to fetch at least S$1250 per square foot.
The en bloc tender closes on 13 January 2010.
Source : Channel NewsAsia – 30 Dec 2009