Three residential sites up for collective sale
Owners of two plots looking to sell them collectively for $30m
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SINGAPORE] Three residential plots are up for sale by tender, with one located at the Kim Yam Road-River Valley Road junction and the other two sitting off Yio Chu Kang Road.
This is the fourth time that Riviera Point, a 33-unit residential development along River Valley, has been launched for collective sale by public tender. Its owners are now asking for offers in excess of $68 million - or $1,379 per square foot per plot ratio (psf ppr) - for the 14,580-sq-ft plot, which has a gross plot ratio of 3.38, according to marketing agent Jones Lang Lasalle (JLL).
In late 2011, Riviera Point's owners were asking for $70 million, or $1,420 psf ppr. The property was being marketed by Knight Frank then, and that was the last time its owners had tried to do a collective sale.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Auditors flag uncertainty on Katrina Group’s ability to continue as a going concern
