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Ava Towers to launch en bloc sale bid with reserve price at S$248m

This translates to a land rate of S$1,374 psf ppr for the freehold condo in the Balestier area

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Built in the 1990s, the 124-unit development sits on a sizeable land area of about 64,471 sq ft and is zoned for residential use with a gross plot ratio of 2.8 under Master Plan 2014.

Singapore

THE owners of Ava Towers are putting their freehold condominium development up for tender in their first attempt at a collective sale.

Their reserve price of S$248 million for the site along Ava Road in the Balestier area translates to a land rate of about S$1,374 per

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