The en bloc market continues its run with a number of projects being marketed, latest of which is Dalvey Court which is up for S$160m.
The reserve price of S$160m for the 32 unit apartment in District 10 represents a land rate of about S$2,009 per sqft per plot ratio.
The project’s gross floor area of 7,401 sqm or 79,660 sqft can be redeveloped into an apartment with 93 units, each of which is assumed to have a unit size of 70 sqm.
Located close to Botanic Gardens, Dalvey Court is near a stretch of high-profile schools such as St Joseph’s Institution, Singapore Chinese Girls’ School and Anglo-Chinese School (Barker Road).
Just last week, news appeared that an en-bloc attempt is being done for Selegie Centre.
The 10-storey commercial building has obtained approval from around 90% of owners by share value and strata area to launch a tender …