Aspial Corporation has submitted an offer through its subsidiary World Class Land to purchase Chong Kim Apartment at 8 Bassein Road for S$41.1 million. The apartment was offered for sale by tender on May 12. Aspial says the offer has been accepted. The freehold Chong Kim Apartment has a land area of 1,426.9 square metres and is zoned for residential use. It has a plot ratio of 2.8 and can be developed...
Chong Kim Apartment Enbloc
Chong Kim Apartment, a freehold development at Bassein Road, will be launched for collective sale by public tender on Thursday. It is expected to fetch around S$40 million, including the estimated development charge of about S$3.7 million. This works out to some S$842 per square foot of potential gross floor area. Each owner of the 25-unit development may get between S$1.23 million and S$2.9 million...