Singapore Property News This Week #57

Residential

Aylesbury Pte Ltd bought freehold Kemaman View en bloc at $45.5m

The 17,388 sq ft site located off Balestier Road was sold for $45.5 million or $935 psf ppr based on its 2.8 gross plot ratio and 53,813 sq ft potential GFA. If approval for an additional 10% GFA for balconies is granted, the additional $2.8 million would mean a higher unit land price of $816 psf ppr. The site zoned for residential use has a maximum height allowance of 36 stories subject to approval. A new development on the site could potentially house 98 600-sq ft apartment units with a selling price between $1,400 and $1,600 psf.

URA and HDB launch two residential sites at Tanah Merah, Bright Hill

The two residential sites, one located at Tanah Merah Kechil Road and another at Bright Hill Drive have been launched.

The 99-year leasehold 150,678.5 …