Real estate advisory firm Knight Frank has launched Riviera Point, a freehold site located along River Valley Road, for sale by tender.
It said the guide price for the property is S$70 million.
The site is located near the Orchard shopping belt, and has a land area of 14,580 square feet.
Knight Frank said the site may be redeveloped into a new project that could yield a gross floor area (GFA) of 49,303 square feet.
The tender for Riviera Point closes on September 29 at 3pm.
Source : Channel NewsAsia – 31 Aug 2011