Knight Frank launches Riviera Point for sale by tender

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

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