One Tree Hill Garden to be up for en bloc sale
Reserve price of about S$70m translates to S$1,792 psf; plot may be redeveloped into 10 semi-Ds, 3 bungalows
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Kalpana Rashiwala
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Singapore
A BOUTIQUE prime freehold residential development site in District 10 will come on the market when the collective sale of One Tree Hill Garden is launched within the next week.
BT understands that the reserve price in the collective sale agreement signed by the majority owners of the three-storey walk-up apartments is about S$70 million. This translates to S$1,792 per square foot based on the land area of 39,063 square feet. An architect has been appointed by the owners to verify the building's existing gross floor area and to ascertain the development baseline for the property, which will determine whether or not a development charge is payable to the state.
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