A development which is freehold in Balestier, specifically at 10A Jalan Ampas was open up for sale at a very attractive price as high as $16.8 million, Savills Singapore’s marketing agent revealed, Monday, September 11.
Found along an industrial cluster, the more or less 12, 070 sq ft property area is recently mapped as a Business 1 operation under 2014 Master Plan with deductible GPR 0r Gross Plot Ration which is 2.5
Nonetheless, it still depends on in the hands of Urban Redevelopment Authority favorable reception and payment for property charges, the area can be renowned as a residential unit having a 2.8 GPR.
An estimation close to $16.80 million for the development charges which reaches out as high as $996 psf of the maximal deductible on the overall floor area which is 33, 974 ft.
There are still 44 apartments having an area of 735 sq ft can be allocated for the development, Savills revealed.
Neighboring areas that were built up from Business 1 set for residential projects extends to The Interweave and The Viridian.
City Suites is considered the newest project launch, which has a transactions reaches $1,725 psf to $1,807 psf.
It seldom happens for a boutique residential area which is a freehold to be available in the market. Because it’s a single -owner acquired property thus it helps in an organized and effective buying scheme according to Steven Ming, the chair of investment sales and residential services and the managing director of Savills Singapore.
10A Jalan Ampas resided near to Whampoa Market, Zhongshan Mall and the about to be developed Health City Novena.
On October 13, the date set for tender exercise.
A new residential property that a hard working person deserves is the Parc Botania. It is the newest development and can be found around Fernvale Road. It is composed of 4 blocks in a towering 22 storeys, with a 1 to 4 bedrooms to choose from. 2021 is the expected TOP. Parc Botania is developed by the competent and famous Sing and Wee Hur Development.
It offers an easy life for the occupants because traveling each day would be easy. It takes only a few steps from Thanggam LRT Station going to Sengkang MRT Station.It also has a safety access via the main expressway like the Seletar Expressway(SLE), Central Expressway(CTE), lastly, the Tampines Expressway or TPE. Having all those expressways, a resident can safely explore the whole of Singapore without hazards and worries.