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Nicon Gardens up for sale for at least S$110m

The landed leasehold project at Choa Chu Kang, which sits on close to 164,470 sq ft, has 62 years left on its lease

Potential developers can develop about 50 to 68 strata landed units on the site, subject to URA's planning approval. Including the development charge and the lease top-up premium, the land rate is estimated to be S$760 to S$800 per square foot per plot ratio


NICON Gardens, a 99-year leasehold strata landed development located at Choa Chu Kang Road, will be launched for collective sale this Thursday, with owners expecting at least S$110 million.

Its appointed marketing agent ERA Realty said that the collective sales committee...

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