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Minbu Villa up for collective sale with S$145.8m reserve price

Site may be developed up to 36 storeys with an allowable gross floor area of 107,593 sq ft

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Published Wed, Mar 14, 2018 · 09:50 PM

    Singapore

    THE collective sale fever in Singapore is showing no signs of abating with Minbu Villa, a freehold development located off Balestier Road, launched for collective sale by tender at a reserve price of S$145.8 million.

    This translates to a land rate of S$1,355 per square foot per plot ratio (psf ppr). The site has a land area of 38,426 sq ft, and a gross plot ratio of 2.8. Completed in 1981, the 10-storey development comprises 33 apartments and a penthouse.

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