Landmark Tower up for public tender

Landmark Tower, a prime residential development located at Chin Swee Road on the fringe of the central business district (CBD) has been launched for public tender.

Zoned for residential usage under the 2008 Master Plan, the site measures approximately 60,821 sq ft and has a plot ratio of about 4.014. It will provide the developer an opportunity to design a project with an inner city living concept.

The site offers proximity to Chinatown and Outram Park MRT stations as well as various F&B, lifestyle and family amenities.

In addition, the site enjoys lush green surroundings and 360 degree views of the city skyline.

Landmark Tower has a guide price of around S$280 million to S$288 million, or S$1,315 psf ppr and S$1,355 psf ppr. If the developer chooses to use the 10 percent bonus GFA (gross floor area) for balcony space, the price works out to S$1,252 psf ppr and S$1,286 psf ppr.

Galven Tan, Associate Director for Investment Properties at CBRE, the marketing agent, said: “Landmark Tower possesses ‘one of a kind’ attributes which we believe developers will be keen to evaluate. The concept of inner city living has caught on and gained popularity in recent years, and this fringe CBD location stands out.”

The tender for the site closes on 7 August.

Source : PropertyGuru – 4 Jul 2012

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