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Industrial building with hidden storey: Illegal floor demolished, unit for sale at $4.2m
Owner ZACD Investments lists 10,506 sq ft Alexandra Road penthouse at $4.2m, double what was paid
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The company which built an illegal storey inside its penthouse unit at The Alexcier in Alexandra Road has demolished the floor and put the unit up for sale.
The owner is asking a cool $4.2 million for the unit, which has 16 years of lease left. Industry sources say the asking price, at $400 per sq ft (psf), is double what the owner paid. The first caveat at The Alexcier was recorded on Oct 2, 2006 as a new sale by the developer at $212 psf.
