Bukit Batok West mixed-use site expected to draw some interest
Market watchers expect top bids of between S$520 to S$620 psf ppr, and up to 10 participants for tender exercise
Singapore
THE 99-year commercial and residential site at Bukit Batok West Avenue 6 should receive some interest, say market watchers, despite its distance from the nearest MRT stations and cool property sentiment.
The fact that it is a mixed development and that the area is earmarked to be progressively developed will serve to draw in developers, market watchers.
The rectangular site spans 14,696.7 square metres or about 158,194 square ft and has a maximum gross floor area of 44,091 sq m, equivalent to about 474,591.6 sq ft. Of this, a maximum gross floor area of 6,000 sq m (about 64,583.5 sq ft) will be stipulated for commercial use. Maximum building height is 70 metre…
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