A 10-unit boutique development at Robin Road, off Bukit Timah Road, has been sold to Sing Holdings for S$47 million.
Credo Real Estate said all the owners at the development, known as Robin Star, penned their agreement to the collective sale by private treaty.
The land area measures some 24,360 square feet. Under the 2008 Master Plan, the site is zoned for residential development up to a Gross Plot Ratio (GPR) of 1.4 and an allowable height of up to 5 storeys.
The total Gross Floor Area (GFA) allowed is approximately 37,515 square feet based on the GPR of 1.4 + 10 per cent for balconies.
The site may be configured into approximately 36 apartment units with an average size of 1,000 square feet, depending on layout and configuration and the payment of development charge.
Source : Channel NewsAsia – 30 Jan 2011