Tai Keng Court, a freehold residential and commercial redevelopment site in the Upper Paya Lebar area, has been put up for collective sale.
In a statement, its sole marketing agent Jones Lang LaSalle said the indicative price for the site is around S$130 million or about S$903 per square foot per plot ratio, subject to the tender process.
About S$1.325 million is payable for development charge.
The plot spans nearly 104,00 square feet and has a gross plot ratio of 1.4, with an allowable building height of up to five storeys.
Jones Lang LaSalle said an adjoining state land of 463.4 square metres could potentially be amalgamated, yielding a potential gross floor area of up to 152,301 square feet for the combined site, subject to the relevant authorities’ approval.
Some 121 residential units of average size of 950 sq ft and 30 commercial units of average size of 700 sq ft could potentially be built on site.
The tender will close at 3pm on March 21, 2012.
Source : Channel NewsAsia – 13 Feb 2012