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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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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