Residential

Two freehold residential sites up for sale; one at Hillview Ave, another at Amber Road

The first is a 230,915 sq ft freehold site located at 63 Hillview Avenue with a 1.92 gross plot ratio and an asking price of $330 million or $925 psf ppr if the $80 million development charge is included. Currently occupied by Lam Soon Industrial Building, it can be potentially redeveloped into a 10-storey residential project with 370 1,200-sq ft units. Though re-zoned ‘residential’ since 1993, the buyer could also make additions or alterations to the existing building instead, if URA grants approval. The site is expected to be fairly popular, given its proximity to the upcoming Hillview MRT station and the upcoming retail mall hillV2.

The other, a site at Amber Road consisting of three adjoining landed properties with a total combined land area of 28,409 sq ft is asking for $73-80 ...