CapitaLand has said it will acquire enbloc property Marine Point for S$100.68 million. The latest acquisition brings CapitaLand's pipeline of homes in Singapore to 2,600 units altogether. Marine Point, located in the Marine Parade neighbourhood, will be acquired at S$1,056 per square foot per plot ratio. This is inclusive of a development charge of S$12.8 million, said CapitaLand in a...
Marine Point Enbloc
Marine Point, a freehold 18-storey residential block along Marine Parade Road, is up for collective sale. Covering an area of more than 50,000 square feet, the site can be re-developed into a 25 storey block to accommodate about 100 apartments averaging 1,000 square feet each. ERA, which is handling the collective sale, said more than 80 per cent of the owners by share value and strata floor area have...