Hillview residential site launched for sale
Published on Apr 7, 2014 11:51 AM
SINGAPORE - A residential site in Hillview, which can be used to build a 10-storey condominium development, has been put up for sale by tender with an indicative price of $55 million.
The currently vacant land plot at 1 Jalan Remaja has a land area of about 4,046.6 sq m, or about 43,557 sq ft.
It has a gross plot ratio of 1.92, including an additional plot ratio of 0.3. This means the project that can be developed on it can have a maximum gross floor area of 7,769.47 sq m, or about 83,630 sq ft.
Assuming an average apartment size of 70 sq m, this would mean about 110 units, said marketing agent DTZ Debenham Tie Leung (SEA) on Monday.
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