Residential

Freehold Tai Keng Court up for sale with asking price of $130m

Tai Keng Court consists of 56 strata apartments and 23 commercial units in the two blocks sitting on the103,798 sq ft site with a 1.4 gross plot ratio. It can potentially be amalgamated with a 4,988 sq ft state land to yield a site with a 152,301 sq ft GFA. This combined site can built up to five stories, yielding 121 950 sq ft residential units and 30 700 sq ft commercial units. The site is on the market with a $130 million price tag and $1.325 million for the development charge, equivalent to $903 psf ppr based on the GFA of the un-amalgamated site.

Developers can redevelop the site into an integrated development that has proved to be popular in recent launches with a commercial component since the plot is zoned for commercial and ...