Novena Ville has been successfully sold in a collective sale exercise for S$131.5 million to property developer Fragrance Group. The sale price works out a land rate of S$1,730 psf per plot ratio. The land area is about 51,092 sq ft, and has a gross plot ratio (GPR) of 1.4 and an allowable height of up to four storeys. There is no development charge is payable for redevelopment. The freehold mixed-use...
Novena Ville
Novena Ville, a 43-unit mixed-use development along Thomson Road, has been put up for en-bloc sale. Its marketing agent Credo Real Estate says it is expected to be hotly contested as it has the potential to accommodate shops on the ground floor. Credo adds that the sellers are expecting offers in the region of S$125 million to S$135 million. The freehold site has an area of 51,092 square feet and with a...